Mastercard has collaborated with Paynamics Technologies Inc. to introduce Click to Pay in the Philippines. This aims to provide Filipino consumers and businesses with a streamlined, secure, and convenient online checkout experience.
Click to Pay allows consumers to use their payment cards online without manually entering card details or remembering passwords. A single profile securely centralises all payment information, simplifying the management of payment methods.
Through this collaboration, Paynamics’ merchant partners can now integrate Click to Pay into their platforms, supported by Mastercard’s security technology.
Paynamics’ merchant network includes major brands across retail, e-commerce, telecommunications, real estate, education, financial services, and government agencies.
The solution is based on EMVCo standards, which are supported by major bank card networks, aiming to facilitate international interoperability and secure payment acceptance. Through “tokenisation”, this system optimises user experience by reducing cart abandonment and enhancing transaction security.
Mylene Chua-Magleo, CEO & Co-Founder at Paynamics Technologies Inc., commented, “We’re excited to bring Click to Pay to our merchant partners through our collaboration with Mastercard. As a trusted digital payment enabler for thousands of Filipino businesses, we continuously innovate to strengthen our merchants’ payment infrastructure.”
“Click to Pay not only simplifies the checkout process but also significantly reduces abandoned carts, failed transactions, and ensures a frictionless, secure, and a more convenient customer experience,” she continued.
Click to Pay is particularly beneficial for sectors such as e-commerce, digital service providers, subscription businesses, travel and hospitality platforms, and online marketplaces, where swift and secure transactions are essential.
Judith Marie Dayrit, Vice President, Account Management, Philippines, Mastercard, stated, “Frictionless and secure payments experiences are becoming non-negotiable as more Filipinos embrace digital commerce.”
“Click to Pay enables shoppers to speed through checkout in just a few clicks, securely access their information, and pay easily at participating merchants. This is part of Mastercard’s commitment to helping businesses offer more seamless and secure online payment choices that meet the Philippines market’s evolving expectations,” Judith said.
The integration of Click to Pay aligns with the Bangko Sentral ng Pilipinas’ (BSP) digital payments transformation roadmap. This initiative aims to encourage greater financial inclusion and promote a more secure, accessible digital economy.
Featured image: Edited by Fintech News Philippines, based on image by Team Asia.
