ShopeePay is enhancing and introducing new features as it saw significant user and user growth since it was first launched in 2019. According to its own data, there was an increase of 93% in overall transactions since it was introduced while cashless adoption in Visayas and Mindanao went up to 95%.
This has become part of the rise in digital payments which was made up of 20.1% of all transactions in 2020, according to the Bangko Sentral ng Pilipinas. That is 1 in payments or a total of 910 million transactions done online.
“Consumer lifestyles have become more digital-first; with a preference to meet their needs online not just for shopping but also for other financial transactions such as sending money, buying load, paying bills, and more,” said Martin Yu, director at Shopee Philippines. “Consumers have a wide range of payment needs and ShopeePay’s features aim to cater to a variety of different habits and preferences. With ShopeePay, we aim to continue helping more Filipinos access the benefits of digital payments and fulfill our mission to better the lives of individuals and businesses with financial services through technology.”
Consumers used ShopeePay not only to pay for goods but also for bills payment (550% increase), telco load orders (165%), and fund transfers (or send money 104% increase). The use of ShopeePay outside the e-commerce app created one million traffic for merchants with ShopeePay Near Me.
4.4 ShopeePay Sale
For its second monthly sale of the year, Shopee is highlighting its own cashless or digital payment feature. This 4.4 ShopeePay Sale, Filipinos can maximize Shopee’s mobile wallet and its wide array of features for their everyday digital transactions
Ongoing until April 6, consumers can look forward to perks at the 4.4 ShopeePay Sale such as zero transaction fees when sending money and the cheapest load offers. ShopeePay is also giving instant savings with exclusive free shipping vouchers and cashback promotions.
- Send money for free
To make the payments experience more rewarding, ShopeePay users can send money for free. This feature allows users to send money from their ShopeePay wallet to any bank, e-wallet, or Shopee user with zero transfer fees.
As an additional treat, new users can get up to free P200 when they fully verify their ShopeePay account and make their first transfer (at least P50) to any bank, e-wallet or Shopee user via ShopeePay from March 27 to April 4. Their transfer also qualifies them for the “Send, Scratch & Win” raffle promo where they can get a chance to win coins, vouchers, and earn an entry for the raffle draw of P100,000 weekly. For more info, visit https://shopee.ph/m/shopeepay-send-money-for-free.
- Cheapest load offer
ShopeePay users can avail of affordable load and data packages from major telcos. Get ShopeePay’s cheapest load offer to get up to 5GB data for only P10 at the 4.4. ShopeePay Sale.
On top of this offer, all users can enjoy up to 50% off on load at the 4.4 ShopeePay Sale. New users can also avail of P75 load for only P1 when they purchase for the first time via ShopeePay from March 27 to April 4.
ShopeePay also partnered with various brands to offer an alternative payment in stores. Through ShopeePay’s Scan To Pay feature, users can do contactless payment via QR code and receive 20% cashback for products and services purchased at partner merchants such as Potato Corner, Papa John’s, Gong cha, Puregold, and more. In addition, users can also get big savings when they visit “ShopeePay Near Me” on the Shopee app and purchase P1 Deals.
Starting March 27, users can also get up to 100% cashback on participating billers such as Meralco, Maynilad, Globe, Smart, PLDT, Cignal, RCBC, and Metrobank when they settle their bills with ShopeePay.