Dragonpay @ DCOM Summit 2014

Aug 19-20, 2014 (Manila) — The DCOM Summit 2014 was recently held at the SMX Convention Center,  SM Aura, Taguig City last August 19-20 with the theme, “Future-Proof: The Road Ahead for E-Commerce in the Philippines.” The summit was organized by Digital Commerce Association of the Philippines, Inc. (DCOM) with support from its various member organization including Dragonpay Corporation.  The COO/CTO of Dragonpay, Mr. Robertson ‘Dick’ Chiang, is concurrently the president of DCOM for 2014.

The participants of the summit are E-Commerce practitioners and enterprises who are interested in venturing into the online world.  Several speakers from local and foreign companies shared their knowledge about the current state of E-Commerce in the Philippines and neighboring Asian countries including Smart Communications, Globe Telecoms, Zalora, LBC, Xend, GrabTaxi and Singapore Post.

The DCOM Summit tackled essential tools for the E-Commerce industry which includes logistics and payment gateways.  Several of the speakers highlighted the challenge of accepting payments in the Philippines due to the very low credit card penetration (estimated at only 5%).  It is this challenge that Dragonpay strives to solve through its various payment channels such as online banking, ATM, mobile and over-the-counter cash payments.


(L-to-R)Jack Madrid (LovableCommerce), Orlando Vea (founder of Smart Communications), Dick Chiang (Dragonpay), Norelyn Babiera (Fiera de Manila), Mitch Padua (Voyager Innovation)

DCOM also works hand-in-hand with the government to update the existing laws covering E-Commerce. Republic Act No. 8792 of Philippines Electronic Commerce Act of 2000, an act providing for the recognition and use of electronic commercial and non-commercial transactions and documents, penalties for unlawful use thereof and for other purposes. Presently DCOM believes that it should already be amended due to the rapid changes in the industry. DCOM is working with the Department of Trade and Industry and Sen. Bam Aquino to update the existing law for the benefit of business engaged in e-commerce as well as consumers.

About DCOM

DCOM is a private non-stock, non-profit organization, founded by key players in the Philippine e-commerce industry.  Its mission is to promote and advocate digital commerce in the Philippines through: Establishing standards and best practices for a friendly and secure digital commerce industry; Teaching Filipino Merchants how to properly leverage on digital commerce; Making the Philippine digital commerce industry attractive for trade and investment; and Partnering with government in shaping sound policies on digital commerce.

Dragonpay provides innovative payment solutions to help merchants accept or disburse payments online. We focus on alternative payment channels such as banks, mobile payments, ATM's, and brick-and-mortar payment centers. By doing so, we provide our merchants convenience, better protection against fraud, and low transaction..