ShopeePay expands presence with lifestyle, food brands as more Filipinos embrace mobile wallets
ShopeePay, Shopee’s integrated mobile wallet, partners with more food and lifestyle brands to cater to the growing number of Filipinos patronizing e-commerce platforms and using mobile wallets as an alternative payment method. Digital payments continue to gain momentum in the Southeast Asian region, with a 70 percent year-on-year growth in respondents who say e-wallet is their preferred way to pay. In the Philippines, more people opt to use cashless payment methods for its convenience, safety, and benefits, recording a 133 percent growth in consumers who prefer e-wallets. With continuous usage of mobile wallets, it is expected to peak at 75.5 million users in a span of five years. With Southeast Asia showing a promising future in terms of digital payments, ShopeePay continues to expand its services and network of partner merchants to serve the Filipino community. Most businesses faced challenges during the pandemic, and with the recent reopening of establishments that now accept more
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