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      "text": "We believe that the efforts to maintain fragmented payment systems, compounded with prohibitive costs to implement and poor overall UX and technology is, for the most part, hindering rapid growth of these companies.",
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      "text": "Some of these businesses are small, often mom and pop shops, and medium sizes with a reasonable amount of traction and following—maybe processing around 20-50 online transactions a day. Others are bigger, with hundreds of daily transactions and volume of a couple of thousand dollars on a single day. Regardless of size, they have different use cases for payments: some are one-off transactions, others do subscriptions, recurring payments or invoicing and pay later, among others.",
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      "text": "There are a lot of challenges that businesses face when setting up payments online. Whenever businesses need to get paid, many of them will have to set up and maintain a variety of payment options for their customers. Some open multiple bank accounts (these have to be done almost always at a physical branch) or share their e-wallet accounts (QR code or phone number). Because they don't have the resources to negotiate terms with traditional banks and other financial institutions, they can never support accepting debit or credit card payments.",
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      "text": "Other challenges businesses face when setting up payment acceptance include prohibitive implementation fees that range from P25,000 (approx. $500) to more than P50,000 (approx. $1,000). Companies also need to spend additional time and money to build complex integrations with these payment providers: old technologies and poor UX, poorly documented APIs and terrible technical support. We are talking about months of work and thousands of dollars of investments lost to setting up payments when these companies could use that time to focus on what they do best for their businesses.",
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