SwiftPay has become one of the newest digital payments platform in the Philippines. It’s a brand built in 2021, managed by the same team of its sister companies Miquido, a Poland-based software developer that has built the famous Skyscanner for travelers, and Nextbank, a trusted cloud-based solutions provider for banks, lending institutions, cooperatives, and pawnshops in the Philippines since 2017.
Service Concept
The aim of SwiftPay is to provide Filipino businesses with a more cost-friendly method to accept digital payments versus existing payment channels in the country.
While e-wallets bring countless conveniences for many consumers and sellers, their frequent usage can be costlier in the long run with the separate processing fees entailed in loading cash into the e-wallet from the bank account, then transferring out the money to pay billers and individuals. And when it comes to credit card payments, transaction fees are high at 3.5%.
To eliminate the need for multiple transfers and higher processing fees, SwiftPay partnered with major banks like BPI, UnionBank, RCBC, and other rural banks, so sellers can empower their shoppers to do direct online bank transfers without the need to load their e-wallet and avoid its extra fee.
Current Promotion
To help entrepreneurs take home more profits from their sales transactions, we have an existing promotion where our partner merchants can enjoy the lowest transaction charge at only 1% for your first 3 months of using SwiftPay. All our existing promotions can be seen at https://swiftpay.ph/promos/.
How Businesses Can Start Using SwiftPay
Businesses that wish to use their service for transactions just need to sign up at https://swiftpay.ph/sign-up-now/, and their team will take care of the plugin setup in online stores for free, whether they’re via Shopify, Woocommerce, or custom SDK.
They also offer solutions for businesses with no website checkout feature to accept payments through their Pay-by-link and Permalink features that will let them generate and send links to accept payments. This is perfect for sellers on Facebook marketplace, Instagram, Carousell, and even freelancers or fundraisers expecting regular deposits of money from other parties.
More major banks are in the pipeline to be included in SwiftPay’s payment portfolio, including features to pay by QR and the installment option to buy now and pay later .To learn more about SwiftPay, visit www.swiftpay.ph or send a message to marketing@swiftpay.ph.
