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Salmon expands payment channels in partnership with ECPay

By Gloria Mathias

April 26, 2024

  • APAC Fintech
  • consumer lending
  • Credit Line
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Salmon, FinTech, Series A Funding, 20million, Argentem Creek Partners, Consumer Lending, Credit Line, QR Code, Merchant payments, A Thrift bank, AllBank, QR Ph Payment Method, Philippines, Payments Technology, Payments News, APAC Fintech, Fintech News, ECPay Fintech News, Fintech Solutions, Salmon, a financial technology group dedicated to improving access to credit, savings, and investments for over 500 million underserved customers in Southeast Asia, has announced its partnership with ECPay, an electronic payment systems provider.

ECPay has an extensive network of payment centers strategically positioned across the country. These include convenience stores, pawnshops, remittance centers and rural banks.

This partnership allows customers to easily pay for their Salmon products in ECPay’s 490,000+ over-the-counter and 3,000+ digital payment touchpoints. It allows Salmon to empower its customers, half of whom don’t have a traditional bank account, to easily make their repayments through the ECPay network.

By utilising ECPay’s extensive payment network, Salmon’s customers gain greater flexibility and convenience in managing financial obligations.

“We are thrilled to embark on this partnership with ECPay as part of our commitment to providing seamless financial solutions to our valued customers. In today’s fast-paced world, convenience is not just important; it’s a must, and this collaboration allows us to extend our reach and accessibility, ensuring that our customers can easily manage their financial transactions wherever they are,” stated Raffy Montemayor, Co-Founder of Salmon and Chairman of the Rural Bank of Sta. Rosa (Laguna), Inc.

Salmon Group is made up of Salmon Group and its subsidiaries in the Philippines, including Sunprime Finance Inc. and the Rural Bank of Sta. Rosa (Laguna), Inc., which was established in 1963. It is on a mission to empower underserved communities across Southeast Asia and is supported by world-class shareholders, including the sovereign wealth fund of Abu Dhabi (ADQ) and other blue-chip international and Filipino investors.

Electronic Commerce Payments, INC. (ECPay) is the electronic customer purchase and payment systems provider in the Philippines, enabling merchants in both the offline and online channels with a one-stop-shop proposition and offering customers convenient payment platforms. ECPay has enabled retail outlets and collection partners to offer accurate, secure, and timely payment services while providing merchants and billers with real-time electronic reconciliation, web-based reporting, and system management.

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