Ingenico and Premise Partner to Provide Cash-Driven Merchants Digital Payment Solutionsby Fintech News Philippines November 8, 2022
Embedded banking platform Premise has partnered with French payments company Ingenico to provide digital payment solutions to cash-driven micro merchants across the Philippines.
Premise will deploy Ingenico’s Android payment terminal to enable cashless payment methods, and link to its cloud-based platform to manage and deliver advanced payment and commerce services.
Cash remains king in the Philippines, presenting a vast opportunity for fintech companies. In 2020, almost 25 million Filipinos used mobile wallets to make or accept online payments, according to Statista.
Premise is described as a payment-led embedded finance platform providing payment terminals, financial services capabilities, and regulatory licenses. The platform is enabled by Manila-based payments infrastructure provider XPAY.
“We are proud to partner with Premise and empower the micro-entrepreneurs by equipping them with digital and alternative payment solutions in their businesses,”
said Nigel Lee, Senior Vice President for the Asia Pacific, Ingenico.
“Ingenico has provided unparalleled levels of support to Premise during the integration of the AXIUM DX8000 and PPaaS by supporting our delivery of a terminal designed for a fully digital payments experience to cash-first Filipinos,”
said Gary Repchuk, Founder of Premise and XPAY.