Mozcom PayEasy teams with Canada’s UseMyBank

Mozcom PayEasy Online Payment System, the most comprehensive online payment system in the country currently supporting all major credit cards providers, in a move to continues its expansion for accepting online payments worldwide, announced about the collaboration with a Canadian online payment solutions provider UseMyBank. Under the partnership agreement companies are to launch a new feature allowing to accept real-time bank debit payments from Australia, Austria, Belgium, Canada, China, Germany, Netherlands, Switzerland, and UK. 

Thereby, the new service is to provide Philippine-based PayEasy merchants with the added option of receiving payments from more people in Europe, who may not have or want to use a credit card for online transactions. 

According to a PayPal syrvey, more than 70% of the world population does not have a credit card. This provides a solid case for adopting alternative forms of online payment like bank debit. The company also found that only about 4% of the Philippine population has credit cards. 

As Mozcom COO/CTO Dick Chiang stated, UseMyBank complements the drive to provide the most comprehensive online payment solution for local vendors. UseMyBank offers a secure, safe, real time alternative to credit cards. Merchants are offered a safer entry into new market areas with minimal risk, with online direct bank debit. UseMyBank's Anti-Fraud System (AFS) prevents and detects fraudulent use of bank cards quickly, reducing losses due to fraud, and assuring a good funds model.