Southeast Asian payments company Xendit has integrated Philippine alternative payments provider Dragonpay, giving local merchants access to a wider range of payment services, including cross-border payments, payouts, and financing through the payments company’s regional platform.
The announcement marks the next phase of a partnership that began in 2021, when Xendit made a strategic investment in Dragonpay.
The integration comes as the Philippine payments market continues to expand, with businesses increasingly looking for platforms that can support both domestic and cross-border transactions as digital commerce grows across Southeast Asia.
Merchants gain broader payment capabilities across Southeast Asia
IMAGE CREDIT: Freepik
For businesses already using Dragonpay, the integration means they can continue working with the payment provider while gaining access to more than 100 payment methods and additional services offered across the payments company’s Southeast Asian network.
Dragonpay currently works with 905 merchants and 44 payment partners, including banks, e-wallets, non-bank financial institutions, and over-the-counter payment providers.
According to Xendit, merchants will continue to receive local support while benefiting from ongoing investments in the platform’s security and product development.
With micro, small, and medium enterprises (MSMEs) making up about 99% of businesses in the Philippines, the expanded payment capabilities could also benefit smaller merchants looking to strengthen their online presence and serve customers beyond the domestic market.
“Dragonpay wrote the first chapter of digital payments in the Philippines,” said Moses Lo, co-founder and chief executive officer of Xendit.
“Bringing Dragonpay into Xendit gives Filipino businesses the best of both worlds: Dragonpay’s trusted local network and Xendit’s regional infrastructure. Our goal is to help merchants serve more customers and grow beyond the Philippine market,” he added.
Dragonpay builds on legacy through Xendit integration
Founded in 2010, Dragonpay became one of the country’s earliest alternative payment providers, helping consumers pay online through bank transfers, e-wallets, convenience stores, remittance centers, and other over-the-counter channels—long before digital payments became mainstream.
Its services also helped bring more unbanked Filipinos into the country’s growing digital economy.
Dragonpay founder Robertson Chiang described the integration as the next step in a partnership that began in 2021.
“We started Dragonpay so every Filipino, whether banked or unbanked, could participate in the digital economy,” Chiang said.
“Our merchants can expect the same local support they’ve relied on over the years, now backed by broader regional capabilities, continued product innovation, and a stronger technology platform.”
The integration also reflects Xendit’s broader expansion strategy across Southeast Asia.
Following its expansion into Thailand in 2024 and its acquisition of Malaysia-based Payex in 2025, the payments company now operates in Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Singapore, and Hong Kong.
According to Xendit, the expanded network could make it easier for Philippine merchants to support customers across the region without having to integrate with multiple payment providers separately.
