7-Connect is a cash payment method. After selecting goods or services on the merchant’s site, consumers choose the 7-Connect logo. The merchant site then generates a 12-digit reference number, which the customer takes to a payment location. Customers can pay at a participating store. Once the payment has been received, the merchant ships the goods. This payment method is accepted at 2,600 stores in the Philippines.
The benefits of cash payment schemes in the Philippines
- Filipinos pay for just under a quarter of all online purchases, with an approximate value of US$1.1 billion, using cash (PPRO).
- Only 35% of the country’s population has a bank account. Supporting cash payments allows merchants to reach the other 65% (PPRO).
- Almost a quarter of Filipino shoppers are over the age of 34 (Statista). These older demographics are more conservative and likely to be more wedded to cash.
Find out today how PPRO can help you integrate leading Filipino digital and cash payment methods.
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