Financial technology (fintech) company Paynamics Technologies Inc. targets to register more than 100,000 merchants by 2023 in its electronic payments (e-payments) facility for small businesses. During the launch of the Paynamics Biz facility on Tuesday, Mylene Chua-Magleo, Paynamics chief executive officer and co-founder, said that “by 2021, we project that we would be able to process about 100,000 e-payment transactions [a] day. By 2023, [we] would be able to on-board over 100,000 registered merchants, of which over 60 percent will be active…e-payment users,” she said. Paynamics Biz is a secure e-money account facility that helps make payment collections simple and efficient for online sellers and other small businesses. Unlike a general-purpose consumer wallet, the facility is a full-featured small business wallet.

Source: Manila Times August 19, 2020 16:23 UTC