Dragonpay Adds Over 1,600 Payment Outlets with Bayad Center
Summary
“Bayad Center will add over 1,600 physical counters to our payment network including multi-store chains like USSC, eBiz, PhilPost, Mail and More, Western Union outlets, pawnshops and rural banks,” says Robertson Chiang, Chief Operating Officer of Dragonpay.Chiang added, “With the strong and trusted brand of Bayad Center, consumers will be more confident in purchasing online.“ Studies show that most Filipinos choose to pay their bills in brick-and-mortar outlets.With an estimated credit card penetration in the country at only 5%, and with only 20 to 25% of the population having bank accounts, alternative channels are expected to continue to grow and remain the main choice for payment for majority of consumers.A year later, as part of its mission to be present in every possible neighborhood in the country, CBCI transitioned into a franchising organization.“Bayad Center will add over 1,600 physical counters to our payment network including multi-store chains like USSC, eBiz, PhilPost, Mail and More, Western Union outlets, pawnshops and rural banks,” says Robertson Chiang, Chief Operating Officer of Dragonpay.Chiang added, “With the strong and trusted brand of Bayad Center, consumers will be more confident in purchasing online.“Studies show that most Filipinos choose to pay their bills in brick-and-mortar outlets.