eTap to Broaden Payment Network, Plans to Deploy 2,000 Additional Kiosks

eTap to Broaden Payment Network, Plans to Deploy 2,000 Additional Kiosks

by March 12, 2024

Electronic Transfer & Advance Processing, Inc. (eTap), a principal operator of payment kiosks, has disclosed intentions to significantly extend its network across the country by adding 2,000 new kiosks to its existing tally of 3,500 by the end of this year.

This move indicates a steady growth trajectory for the firm and highlights its strategic position within the physically-enabled electronic payments sector.

The company also leverages collaborations and client purchases to grow its footprint, including the addition of 1,000 machines for BTI Payments PH and a further 500 machines along with cash management services for Electronic Commerce Payments, Inc.,  demonstrated its capability to meet varied demands of its client base.

With a projection to surpass its prior year’s income by 65%, eTap is showing notable financial growth, underpinned by a significant revenue increase last year, as reported by CEO Perseverando M. Hernandez. This financial uplift was partly driven by the deployment of 1,500 machines the previous year.

eTap claims to maintain a market share of 70% since 2022, with its strategic alliances with prominent entities such as Globe Telecom, Inc., GCash, and Maya, among others, underscoring its market position for e-payment kiosks in the Philippines.

eTap’s services, available both online and through a widespread network of kiosks in major shopping locations, provide accessible payment options for a multitude of services spanning banking, telecommunications, and transportation.

In its statement, COO Marlon H. Portugal acknowledged the company’s growth through collaborative endeavours and the creation of bespoke solutions tailored to the distinct requirements of various sectors.

This approach has not only expanded eTap’s market reach but also affirmed its capabilities in delivering customised electronic payment solutions.

With its current expansion strategy and ongoing technological development, eTap is poised to reinforce its footprint in the nation’s electronic payments industry, fueling further growth and innovation.



Featured image credit: Edited from eTap Facebook