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Market Growth
Small and medium-sized enterprises (SMEs) make up a staggering 90% of the merchant network, which encompasses sectors such as transportation, retail, and hospitality.
In the Philippines, recent developments feature the expansion of SM Supermalls’ retail chain and Hennan Group’s portfolio, which includes ten resort properties in Boracay and Bohol.
The platform has established collaborations with a variety of international retailers, including Resorts World Sentosa, Marina Bay Sands, Central Retail, King Power, Pavilion KL, Lotte World, Olive Young, Daimaru, Printemps, and Galleries Lafayette.
To streamline the integration process for these merchants, standardized QR protocols have been implemented.
Consumer-Friendly Zones in cities like Beijing, Shanghai, Guangzhou, Shenzhen, and Chengdu offer the necessary infrastructure for international payment processing.
These zones are equipped with bilingual support services and training programs for merchants to enhance the facilitation of cross-border transactions.
ChatGPT
Perplexity
Gemini AI
Grok AI
