Philippines’ payments firm Dragonpay announced that it has partnered with TripleA to roll out crypto payments to thousands of merchants in the country.

With the low penetration of credit cards and banking services in the Philippines, Dragonpay aims to bridge the gap between e-commerce businesses and customers by providing alternative online payment methods.

Dragonpay’s payment gateway enables customers the flexibility of making payments online or over the counter at authorised payment centers after they have purchased goods and services with the merchants and retailers.

“Now that crypto is transforming the e-commerce space, we have to be ready for it. Being part of a more extensive regional payment network will allow us to open doors for both Filipino online merchants to access buyers worldwide, and conversely, for the global merchants abroad to cater to Filipino consumers,”

said Robertson Chiang, Founder and CEO of Dragonpay.

“Recognized as the leading Payment Service Provider (PSP) in the Philippines, Dragonpay is licensed and regulated by the Bangko Sentral ng Pilipinas (BSP), and we are proud to be the chosen partner as it further strengthens our position in the crypto payments space,”

said Eric Barbier, CEO of TripleA.