Top entities: Xendit, Dragonpay, Moses Lo, Robertson Chiang, Philippines.

What category does this event fall under?

Business — classified as acquisition integration.

What is the sentiment of coverage?

Aggregate sentiment score: 30 on a -100 to +100 scale (negative = critical coverage, positive = favorable coverage).

What were the key actions taken?

Xendit integrated Dragonpay · Xendit raised · Xendit acquired Payex

Is this event still developing?

This is an active story, last updated Jul 11, 2026. Coverage continues to evolve.

Business acquisition integration

Xendit integrates Dragonpay

Q: When did this event occur?

First reported Jul 08, 2026; last updated Jul 11, 2026.

Q: What is the market impact?

General. The integration strengthens Xendit's position in the Philippines' growing digital payments market and expands its regional network.

Analysis based on 6 articles · First reported Jul 08, 2026 · Last updated Jul 11, 2026

Sentiment

Attention

Articles

Market Impact

General

Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard

Market Impact

The integration strengthens Xendit's position in the Philippines' growing digital payments market and expands its regional network. Competitors like PayMongo, Paynamics, Maya, and 2C2P face increased competition as Xendit gains scale.

financial technology payment services

Event Summary

Southeast Asian payments unicorn Xendit has fully integrated Philippine payment gateway Dragonpay into its platform, completing an acquisition that began with a strategic investment in 2021. The integration gives Dragonpay's 905 merchants access to Xendit's regional payments infrastructure, including over 100 payment methods, payout services, cross-border payments, and financing. Dragonpay will continue operating under its existing brand and maintain local presence. The move is part of Xendit's broader expansion strategy in Southeast Asia, following its acquisition of Malaysia's Payex in 2025 and entry into Thailand in 2024. Xendit now operates across Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Singapore, and China — Hong Kong. The integration supports the Philippines — Bangko Sentral ng Pilipinas' push to accelerate digital payments in the Philippines, where digital payments made up 57.4% of retail transaction volume in 2024.

Key Actions

100 Xendit integrated Dragonpay

40 Xendit raised

30 Xendit acquired Payex

20 Xendit expanded into Thailand

Entities Involved

priv

Xendit

Xendit expands its Philippine presence and merchant base by integrating Dragonpay, strengthening its regional payments network.

Importance 100.0 Sentiment 40.0

priv

Dragonpay

Dragonpay becomes part of Xendit, gaining access to broader regional infrastructure and capabilities while retaining its brand and local service.

Importance 90.0 Sentiment 50.0

per

Moses Lo

As Xendit's CEO, Moses Lo leads the integration, emphasizing benefits for Filipino businesses.

Importance 60.0 Sentiment 30.0

per

Robertson Chiang

Dragonpay's founder supports the integration, ensuring continuity of local service.

Importance 60.0 Sentiment 30.0

cnt

Philippines

The Philippines' digital economy benefits from enhanced payment infrastructure and competition.

Importance 50.0 Sentiment 30.0

cbnk

Philippines — Bangko Sentral ng Pilipinas

The central bank's push for digital payments supports the integration's context, aiming for 60-70% digital payment volume by 2028.

Importance 40.0 Sentiment 20.0

per

Nazim Ali

Xendit's CRO Nazim Ali confirms Dragonpay is now under Xendit group and declines to disclose deal value.

Importance 30.0 Sentiment 20.0

priv

Payex

Payex was acquired by Xendit in 2025, part of Xendit's regional consolidation.

Importance 30.0 Sentiment 20.0

loc

China — Hong Kong

China — Hong Kong is part of Xendit's regional presence.