Kaban Internet Payment Solutions
Written by ShopOne on Tuesday, January 27th, 2009 in Money Transfer.
The prime ecommerce strategy of Yehey!, the Philippines’ number one lifestyle portal, is to provide a total payment gateway solution for online merchants that will become the most widely used and accepted online payment method for Filipinos. This is
Why Kaban
Kaban is a Filipino word which means a measure of palay or wheat. It can also mean a treasury chest. In line with Yehey!’s Filipino identity, the word Kaban encapsulates what Yehey! is offering to merchants and online buyers – a secure online payment facility that will cater to the distinct needs and requirements of all Filipinos around the world.
As e-commerce in the Philippines gradually becomes more accepted, Kaban will provide online merchants who want to tap into this growing market with a complete payment gateway system that will enable them to accept ATM, credit card, and e-cash payments.
Background
Yehey!’s initial ecommerce service was an online ATM payment facility called PAYplus+. This was launched in 2001 in partnership with BancNet and it revolutionized online ATM payments, even earning Yehey! the Microsoft Corporation ‘The .Net Application of the Year for Asia and the Pacific’ Award in 2002.
But with a growing credit card market in the Philippines and an international market of Filipino who are going online to purchase products from the Philippines, plus an emerging m-commerce market who have started to use their mobile phones as a means to make purchases as well, Yehey! launched Kaban as a one-stop payment solutions to all the online payment needs of the emerging Filipino ecommerce industry.
With Kaban Internet Payment Solutions, Yehey! now offers online merchants and users the best of the online world, providing them with end-to-end online marketing and ecommerce solutions.
Tags: Money Transfer, kaban, money transfer, online payment
