Fexco Announces Philippines Expansion With Maya DCC Partnership

By Dominic Sow · 6 November 2024

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Maya, a leader in the payments sector in the Philippines, has announced the rollout of Fexco’s Dynamic Currency Conversion (DCC) across its extensive network of merchants via Maya Business. This collaboration marks a significant step in Maya’s strategy to respond to the rising demands of international customers and the growing tourism sector in the Philippines. The deployment of DCC across Maya’s merchant network is particularly timely, with the country experiencing a resurgence in tourism. In 2023 alone, the Philippines registered over 5.4 million international visitors. The DCC service, which allows customers to pay in their home currency at the point of sale, is now available across approximately 112,000 Maya Business in-store terminals nationwide. This development will provide greater convenience to local businesses and international tourists, reinforcing Maya’s commitment to delivering innovative, customer-focused solutions. Local businesses can benefit from both increased revenue opportunities while delivering an enhanced customer offering. “We are excited to partner with Maya to bring our Dynamic Currency Conversion (DCC) technology to the Philippine market,” said Neil Hosty, CEO of Fexco Group. “This collaboration not only enhances the payment experience for both local businesses and international visitors but also underscores our shared commitment to driving financial innovation across borders. By combining Fexco’s global expertise with Maya’s strong digital presence, we are empowering merchants and customers alike with seamless, secure, and convenient financial solutions that meet the demands of today’s rapidly evolving marketplace.” “The introduction of Dynamic Currency Conversion (DCC) is a key step in enhancing our service offering, especially as we continue to expand our reach in a rapidly growing tourism market. By leveraging Fexco’s global expertise, we are not only improving the payment experience for our merchants and their international customers but also reinforcing Maya’s position as a leader in the digital payments landscape,” said Pete Cruz, Head of Enterprise at Maya. As Fexco and Maya continue to innovate and expand their offerings, this initiative is poised to set a new standard for payment solutions in the Philippines, benefiting both local businesses and the growing influx of international visitors.