INTRODUCTION

Electronic Commerce Payments, Inc. (ECPay) is the leading electronic payment system provider in the country. The ECPay system was designed to make payments and collections efficient and convenient to both merchants and customers alike.  Developed in 2001,  the ECPay multi-platform payment infrastructure operates as a secure e-warehouse and e-payments data center for prepaid products, bills payments, e-wallets, fund transfers and domestic remittance. The ECPay system enables merchants and retail outlets to offer accurate, secure and timely payment services to their customers while providing merchant clients with real-time electronic reconciliation, web-based reporting and system management. ECPay has been  operating for over eight (8) years on a 24/7 basis through its main hub located at the IBM Center Eastwood City Cyberpark in Libis, Quezon City.

PRESENT OPERATIONS

 FUTURE PROSPECTS

Electronic Commerce Payments, Inc. (ECPay) aims to handle Php 25 Billion annually in electronic payments over the next three years. Of the annual projected target, 40% of total electronic payments will come from prepaid loading, bills collection and domestic remittance with the balance 60% from new services such as e-tickets, overseas bills payments and remittance, and licensing/franchising activities. Revenues from sales are projected to triple with the introduction of Ecpay’s new electronic products and services.

ECPay recently introduced an innovative EFT-POS Leasing Service as part of its strategy to create complimentary businesses within its current working framework.  ECPay retail clients are offered EFT POS terminals for credit card transactions in addition to the regular prepaid credit and bills payment service of ECPay. To date, ECPay exclusively provides 1000 EFT-POS terminals to Puregold’s thirty five (35) wholesale outlets.

ECPay will actively expand its Biller network to include regional and municipal utilities, schools, hospitals, real estate companies and government institutions. ECPay will tap the Filipino overseas workers to pay their bills directly from their host country and concurrently offer lower remittance services.

ECPay will aggressively 1) offer its payment infrastructure and services to other major retail chains in the country, 2) promote a comprehensive line-up of pre-paid credits and bills payment services, e-ticketing and other new e-services to potential franchisees/licensees, 3) incorporate checks, credit/debit card, and mobile e-cash as an alternative mode of payment into the ECPay system and, 4) expand to other markets in the Asia Pacific region.


MILESTONES