Maya, a Filipino financial services and digital payments company, has partnered with Fexco to introduce Dynamic Currency Conversion (DCC) across its network of 112,000 in-store terminals.
This new feature allows international customers to pay in their home currency, offering convenience and transparency while contributing to the growth of the tourism sector.
By enabling local merchants to accept payments in multiple currencies, DCC helps them better serve international customers while supporting Maya’s role in providing versatile payment solutions.
Announced at the Singapore Fintech Festival, this initiative comes at a time when tourism in the Philippines is rebounding, with over 5.4 million international visitors in 2023.
This collaboration combines Fexco’s expertise in cross-border payment technology with Maya’s local reach, providing merchants with secure financial solutions tailored to their operational needs.
“We are excited to partner with Maya to bring our Dynamic Currency Conversion (DCC) technology to the Philippine market. 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.”
said Neil Hosty, CEO of Fexco Group.
“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.
Featured image credit: Edited from Freepik
