As an industry, E-commerce in the Philippines continues to show great potential. According to data analytics company GlobalData, the value of E-commerce transactions is set to hit nearly 500 billion pesos by 2025. This is due largely to the fact that Filipinos are now more open and accustomed to online shopping.
The diversity of payment options is also set to drive online activities even further. This is in line with the Bangko Sentral ng Pilipinas (BSP)’s goal of achieving their payment digitalization and financial inclusion objectives. Among the BSP’s goals is for 70% of adult Filipinos to have bank accounts by 2023.
Even social commerce – or selling on social media platforms – is set to boom, with research company Research and Markets projecting a 30% surge in this industry for 2022. It is then expected to grow yearly by 27% to reach nearly 2.7 trillion dollars by 2028.
With the unceasing evolution of E-commerce in the Philippines, it’s important for online merchants to have a reliable partner for online selling. That’s where Payo comes in!
Our goal is to make E-commerce simple for our international and local merchants. We do this by leveraging tech. Some examples of this are our Courier Algorithm, Merchant Dashboard, and Credit History Database.
Payo’s technologies ensure that the solutions we provide you – from Warehousing to Marketplace Optimization – are as efficient and seamless as they can be.
Additionally, we don’t just look after you; we look after your customers too! We take care of sending automated SMS order updates for each of them, along with Live Customer Support should they need it.
Ultimately, we make sure that your business can keep up with the evolution of the E-commerce landscape in the Philippines. So if you want to use tech to your advantage, scale your business, and level up your E-commerce game, Payo is the right partner for you!
Running a business takes a lot of passion and hard work, but that doesn’t mean it has to be difficult. Payo is here to make E-commerce simple and easy for you, and to be with you every step of the way as you grow your business.Win At E-Commerce Today
"Payo gave me a full solution for all the COD activity, but it was not only that. Payo’s solution was very comprehensive, and basically solved all the logistical and financial problems that we had."
"We are below eight percent right now in RTS rate and that’s an amazing rate already. You don’t get that nowadays. We’re very, very happy with Payo."