PayEasy Accepts Online Philippine Bank Payments with Dragonpay
Online, August 2, 2010 (Newswire.com) - August 2, 2010 (MANILA, Philippines) - Mozcom PayEasy Online Payment System ("PayEasy"), the Philippines' most comprehensive online payment solution, has partnered with Dragonpay Corporation to offer online payments to its e-commerce merchants via bank payments.
Dragonpay is an alternative payment start-up that offers payment options which provide greater security and convenience than traditional methods like credit cards. By utilizing the Philippine bank network and non-traditional outlets like convenience stores, remittance centers and pawnshops, Dragonpay provides a greater reach to the local potential market given that the Philippines has a very low penetration of credit cards. Buyers can make an online purchase, and carry out the payment by going to a physical brick-and-mortar outlet like a bank or a convenience store.
Dragonpay initially supports online bank payment through Unionbank, Chinabank, RCBC and EastWest Bank; and offline bank payment through Banco de Oro (BDO). In the next six months, most of the major local banks will be part of the system. There will be an expected total of more than 4,000 bank branches available by early 2011 that can accept payments for Dragonpay and PayEasy-accredited merchants.
Mozcom PayEasy is the most comprehensive online payment system in the country today supporting all major credit cards, BancNet and MegaLink ATM cards, PayPal, Globe G-Cash, Smart Money, Western Union, and direct online account debit with major banks in Asia, North America, Oceania, Europe, and now, the Philippines. For more information, visit www.payeasy.ph.
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Tags: bank payment, dragonpay, online payment