Adoption surges in North and South Luzon as ShopeePay
provides shoppers across the Philippines with easy access to digital payments
MANILA, DECEMBER 18, 2020 – ShopeePay, an integrated mobile wallet that offers users easy access to digital payment services, saw more consumers adopt digital payments at the recent Shopee 12.12. It was highlighted by a 50 times increase in ShopeePay transactions in the first hour of December 12 compared to an average day, as people turned to digital payments for their convenience and ease of use.
Martin Yu, Director at Shopee Philippines, said, “I am happy to see more people enjoy greater convenience and rewards with ShopeePay at the Shopee 12.12. Our integrated mobile wallet allowed users to check out purchases more quickly and securely while also accessing exclusive deals. It’s heartening to see more people using digital payments as their preferred payment method. It is a positive trend as digital payments become increasingly important in driving digital inclusion and the acceleration of our region’s digital economy.”
Rising confidence in digital payments in the Philippines
Filipinos used ShopeePay to discover exclusive deals, earn rewards, and complete orders at the Shopee 12.12. The most popular categories checked out using ShopeePay were Home & Living, Health & Personal Care, and Women’s Apparel, showing that people are now more comfortable using digital payments for various essential and lifestyle needs.
Key trends for the use of ShopeePay on December 12 included:
Growing digital adoption in cities: North and South Luzon saw the most significant uplift in ShopeePay transactions on Shopee than an average day, showing that ShopeePay offers users easier access to digital payments.
ShopeePay adoption increases across different generations: Millennials aged 18 to 34 continued using ShopeePay to conveniently shop for various needs such as kitchen essentials, mobile accessories, and makeup. Gen X users above 50 also saw a surge in adoption, with orders paid via ShopeePay increasing 24 times from an average day.
Yu closed, “As users become more accustomed to digital payments, we are committed to further growing our ecosystem of partner merchants so all users benefit from the convenience both online and offline, while businesses enjoy better growth in the future.”
ShopeePay is an integrated mobile wallet that offers users easy access to digital payment services. Launched in 2015, ShopeePay enables a seamless shopping experience by allowing users to make online payments on Shopee, top-up their wallets, transfer and withdraw funds, and make payments offline at thousands of merchants.
ShopeePay makes it easier to shop and do business. It provides users with a convenient, secure, and rewarding payment option; it empowers businesses and helps them to capture new opportunities.
ShopeePay is part of SeaMoney, the digital financial services arm of Sea Group. A leading digital payments and financial services provider in Southeast Asia, SeaMoney’s mission is to better the lives of individuals and businesses in the region with financial services through technology.
For more information on ShopeePay and SeaMoney, please visit https://www.seamoney.com.
Shopee is the leading e-commerce platform in Southeast Asia and Taiwan. It was launched in 7 markets in 2015 to connect consumers, sellers, and businesses in the region.
Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. It offers a wide product assortment, supported by integrated payments and logistics, as well as popular entertainment features tailored for each market. Shopee is also a key contributor to the region’s digital economy with a firm commitment to helping brands and entrepreneurs succeed in e-commerce.
Shopee is a part of Sea Limited (NYSE:SE), a leading global consumer internet company. In addition to Shopee, Sea’s other core businesses include its digital entertainment arm, Garena, and digital financial services arm, SeaMoney. Sea’s mission is to better the lives of consumers and small businesses with technology.