payment infrastructure company Xendit Integrated Philippine payment provider Dragonpay Dragonpay has incorporated it into its regional platform, giving its merchants access to more than 100 payment methods, settlements, cross-border payments and financing.
The announcement does not include a new acquisition or share transaction, a Dragonpay spokesperson told Crowdfund Insider.
The spokesperson added that Xendit acquired Dragonpay in 2021, and the latest move officially brings the Filipino company to the platform.
“No shareholders have exited as part of this announcement,” he said, adding that there were no changes regarding previous investors, including UBX and GMO Global Settlement Fund.
The companies did not disclose financial terms of the 2021 acquisition.
Dragonpay founder Robertson Chiang remains a director and chairman of Dragonpay Corporation. The spokesman did not confirm whether Chiang still owns the stock.
Dragonpay serves 905 merchants and works with 44 partners including banks, non-bank financial institutions, e-wallets and over-the-counter payment providers.
Founded in 2010, Dragonpay allows consumers, including those without a bank account or credit card, to pay online through online banking, e-wallets and over-the-counter channels at banks, grocery stores and money transfer outlets.
Xendit said the integration will allow Filipino merchants to accept more payment methods, send payments and serve customers outside the country through its regional infrastructure.
The company operates in Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Singapore and Hong Kong. It fully acquired Malaysian payments provider Payex in 2025 and expanded into Thailand in 2024.
Xendit and Dragonpay are registered Payment System Operators regulated by the Central Bank of the Philippines.
