Empowering Global Commerce: PhotonPay Expands Local Account Capabilities Across Southeast Asia and Africa
Product Update | 2026.04.20 11:00:00
HONG KONG, Apr 20, 2026 -- PhotonPay, the next-generation global payment infrastructure, today announced the launch of its local account capabilities in the Philippines and Kenya, further strengthening its presence across high-growth emerging markets. Businesses can now seamlessly collect in Philippine Peso (PHP) and Kenyan Shilling (KES).
The expansion comes at a time of rapid digital transformation in Southeast Asia and East Africa. The Philippines continues to see a surge in e-commerce and B2B trade, driven by a digital-first population and robust government initiatives to modernize payment systems. Meanwhile, Kenya has long been recognized as a pioneer in mobile payments innovation, supported by a mature digital payment ecosystem and widespread adoption of real-time financial services.
By introducing local account capabilities in these regions, PhotonPay addresses the growing needs for efficient, cost-effective, and compliant payment solutions for global businesses engaging with local buyers.
Delivering Frictionless, Real-Time Local Collections
With the launch of PHP and KES local accounts, PhotonPay empowers businesses to operate with agility in both markets, unlocking several key advantages:
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Direct Clearing Network Integration: Through connectivity to domestic clearing rails — InstaPay and PesoNet in the Philippines, and PesaLink in Kenya, transactions can be processed in near real-time. This direct access also removes intermediary banks, reducing both costs and delays.
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Built for Local Payment Preferences: Buyers can pay in their local currency with familiar methods, which removes the need for FX conversion. At the same time, businesses are no longer required to establish local bank accounts, avoiding complex onboarding processes and operational overhead.
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Unified Liquidity Management: Multi-currency funds are managed through a unified, intelligent dashboard featuring 24/7 real-time FX services, providing businesses with maximum flexibility in global treasury and liquidity management.
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Institutional-Grade Regulatory Assurance: Every transaction is safeguarded by PhotonPay's rigorous, multi-jurisdictional compliance framework. This ensures that all capital movements adhere to the stringent AML and regulatory standards worldwide.
"The launch of PHP and KES local capabilities marks a pivotal step in our mission to build an inclusive and efficient global payment rail," said Chao Xu, VP of Product at PhotonPay. "By connecting global businesses and local clearing networks in the Philippines and Kenya, we are not just providing accounts, we are delivering the infrastructure necessary for businesses to scale fearlessly in high-growth markets."
With the addition of PHP and KES, PhotonPay now supports 19 local collection currencies, including key emerging market currencies such as MYR, NGN, VND, IDR, and MXN, alongside major global currencies including USD, CAD, GBP, EUR, and HKD. Beyond local collection, PhotonPay also provides global accounts in over 60 currencies across 200+ countries and regions, offering a truly global reach for the modern digital economy.
PhotonPay remains committed to the continuous optimization of its underlying payment infrastructure. Moving forward, the company will focus on deeper integrations with local financial ecosystems and the application of AI-driven risk management to further streamline the global movement of value.
About PhotonPay
Founded in Hong Kong in 2015, PhotonPay is a trusted fintech partner for over 200,000 businesses worldwide. Leveraged by our extensive global service network and robust regulatory licenses across major jurisdictions, we offer a comprehensive product suite—including Global Accounts, Card Issuing, Global Acquiring, Payouts, FX Management, and Embedded Finance.
With over 10 regional offices and a footprint spanning 200+ countries and territories, PhotonPay is dedicated to building a high-efficiency, secure, and programmable payment experience. We help our clients navigate the complexities of the modern payment landscape, allowing them to scale globally with ease and confidence.
Connect the world, value by PhotonPay.
*The availability, features, and regulatory treatment of PhotonPay's products and services may vary depending on the user's location, business model, and the laws and regulations that apply. Actual outcomes may differ due to market conditions, technological constraints, and regulatory developments, and PhotonPay makes no express or implied representation, warranty, or guarantee as to the achievement of any particular result. Access to certain capabilities is restricted to eligible customers only.
