Online Payments | One-Stop Integration with 10+ Local Payment Methods in Asia-Pacific
Company News | 2023-11-23 01:11:00
In 2022, the Asia-Pacific region maintained its status as the largest e-commerce market in the world, with total transactions reaching nearly $4.2 trillion. This accounted for almost half of the global e-commerce market. The figure marks a 41.5% increase from $3 trillion in 2021, showcasing the rapid growth of e-commerce in the region over the past year.
With over eight years of experience in the global market, PhotonPay has developed a deep understanding of the varied payment landscapes in emerging markets. To help merchants capitalize on the potential of the Asia-Pacific region, PhotonPay now provides a one-stop integration with over 10 local payment methods, enabling merchants to connect with over a billion consumers across Asia-Pacific.
Connecting to 10+ Local Payment Methods in Asia-Pacific
Indonesia
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OVO: One of Indonesia's leading digital wallets, founded in 2017 under Lippo Group. Nearly 40% of consumers use digital wallets like OVO for online purchases.
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LinkAja: A state-owned digital wallet established in 2019, one of Indonesia's top five wallets. It aims to increase financial inclusion, especially for 48% of the population without bank accounts.
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DANA: A mainstream digital wallet in Indonesia, launched in 2017. It supports payments for online merchants like Lazada, Bukalapak, and digital entertainment platforms like Spotify and TikTok.
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Akulaku Paylater: Launched in 2016, it offers virtual credit card installment loans for those without credit cards. It is popular in Indonesia, the Philippines, Vietnam, and Malaysia.
* Card Payments: Card payments account for 31% of all online transactions in Indonesia.
Malaysia
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Touch 'n Go: A popular e-wallet launched in 2017, widely used for transportation, e-commerce, retail, and utility payments.
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Boost: One of the fastest-growing local wallets, created by telecom giant Axiata. It partners with online and offline stores, including Shopee and Lazada, and entertainment services like PlayStation and Spotify.
* Card Payments: Similar to Indonesia, card payments make up about 30% of the market, primarily through credit cards issued by international organizations.
Thailand
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True Money: Established in 2003, this is Thailand's most popular digital wallet, used for various payments, including shopping, gaming, and utility bills at stores like 7-Eleven.
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Rabbit LINE Pay: A joint venture by LINE, BTS Group, and AIS, Rabbit LINE Pay is one of the leading mobile payment platforms in Thailand, integrating social, gaming, and financial services.
* Card Payments: The primary method for online shopping, accounting for 26% of transactions.
Philippines
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GCash: The largest e-wallet in the Philippines, developed by Globe under Ayala Group. It enables easy online banking, shopping, and payments at various retail locations.
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BPI: Established in 1943, BPI is the Philippines' oldest bank, offering extensive online payment services to over 600 partner merchants.
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BillEase: A popular Buy Now Pay Later provider launched in 2017, offering installment plans that can be repaid through various channels like InstaPay, PESONet, and other e-wallets.
South Korea
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KaKaoPay: Launched in 2014, it is Korea’s most popular mobile payment and digital wallet service, offering payments, bill payments, insurance, loans, and investment services.
* Card Payments: The most common payment method in Korea, with 72% of transactions made via bank cards, reflecting the country’s high bank account penetration rate.
With strong compliance capabilities and a flexible, efficient global payment network, PhotonPay Online Payments provides local payment solutions for businesses entering the Asia-Pacific market. These services cover industries such as cross-border e-commerce, digital entertainment, SaaS, digital marketing, and app development, offering a simple, secure, and convenient integration process.
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Latest Announcements
PhotonPay Raises Tens of Millions in Series B to Pioneer Stablecoin-Centric Financial Infrastructure
This round was led by IDG Capital, with participation from Hillhouse Investment, Enlight Capital, Lightspeed Faction, and Shoplazza. Blacksheep Technology acted as the exclusive financial advisor for this round.
Company News |
2026-01-09 14:00:00
PhotonPay Launches Physical Mastercard Commercial Credit Card to Empower Global Business Payments
PhotonPay today announced the launch of its physical Mastercard Commercial Credit Card, marks a new milestone in its global payment solution portfolio, and delivers a unified, secure payment experience to global businesses across both online and offline channels.
Company News |
2025-07-15 05:44:37
PhotonPay Becomes a Mastercard Issuer in Hong Kong
To launch Mastercard Commercial Credit Card to help businesses better navigate market volatility
Premier Partners |
2024-11-11 01:00:00
