GoAllPay,a one-stop cross-border payment platform(https://www.goallpayx.com/en/index.html), announced the launch of Philippine local wallet GCash and Malaysian online banking to expand its local payment service in Southeast Asia, enabling companies to do business in Philippines and Malaysia to solve the pain points of money collection difficulty as high fees, limited coverage in target area of using traditional international credit cards. The payment scenarios apply to both PC-based and mobile-based E-commerce platforms, tourism, video & social, game applications, music media and other digital entertainment areas.
There is a total population of about 100 million in Philippines, the main retail payment methods in Philippines are cash payment and local e-wallets. The banking service penetration rate in the Philippines is not very high, 66% of Filipinos do not have bank accounts, and 90% do not have credit records and credit cards. In the past three years, the smartphone usage rate in the Philippines has increased from 30% to 67%, showing great potential in mobile payments. The fast-growing Philippine e-wallet GCash now covers more than 8 million users and is more and more favored by the Filipinos. Philippine users can easily use the local e-wallet GCash to recharge mobile phones, make money transfers, shop online, buy airline tickets etc. With GoAllPay launching GCash, merchants can collect money from users from the Philippines by integrating GoAllPay’s payment interface. Users can complete payment in several simple steps (creating order, selecting GCash payment, entering password, completing payment), and the payment experience is very smooth and friendly. Besides user’s active payment, through GoAllPay’s payment API, merchants can also implement membership auto payment service for users, that is, users bind GCash for automatic debit. Apart from Philippine e-wallet GCash, GoAllPay also supports local online banking payment, including nine local banks (BDO, BPI, Metrobank, RCBC, RCBC Savings, Unionbank, UCPB, Chinabank, PNB, and EastWest Bank) in Philippines.
▲GCash payment operation
The products released by GoAllPay also include Malaysia online banking payment. According to the statistics of the National Bank of Malaysia, online banking is still the main channel for Malaysians to pay on line, and its penetration rate is as high as 85.1%. In view of this, Whether it is overseas games or foreign trade e-commerce, choosing the local popular payment method can increase the users’intention and the sales volume. By one-time integrating GoAllPay’s payment API, merchants can save a lot of time and technical costs, and the user’s payment process is also very easy. At present, GoAllPay supports bank cards from 17 local banks (users select the payment bank after creating the order, enter the bank login name and password, complete the payment), and the coverage is very high.
▲GoAllPay supports Malaysian bank payment
The above newly launched products are aiming to help more companies who do business and face payment problems in these emerging markets as Philippines and Malaysia. GoAllPay also supports various alternative payment methods from Europe, South America and India. In the future, GoAllPay will continue to improve global local payment products according to market requirement, and help more and more companies to build their global brands. If you have any business needs, you can contact us at any time.
About GoAllPay: a leading all-in-one cross border payment service engine focusing on cross-border payment processing and services. We work with many global banks, payment companies and remittance companies to provide safe, fast and stable one-stop cross-border payment and settlement services & solutions for local&international enterprises around the world.
Website：https://www.goallpayx.com/cn/index.htmlE-Mail：sales@goallpayx.com