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Another milestone in Alibaba and UNCTAD’s commitment towards inclusive and sustainable digital economic development

GENEVA and HANGZHOU, China, June 13, 2019/PRNewswire/ — Another milestone was achieved with the graduation of the sixth class of the eFounders Fellowship, a joint initiative by the United Nations Conference on Trade and Development (UNCTAD) and Alibaba Business School. The aim of the Fellowship is to empower ecosystem building entrepreneurs from developing countries to create inclusive and sustainable digital economic development in their respective markets.

Jack Ma, founder and Executive Chairman of Alibaba Group, in his capacity as the UNCTAD Special

Listed lender UnionBank of the Philippines is using technology to solve a dilemma preventing small, often unregistered micro small and medium enterprises (MSME) from accessing the financial services typically accorded established businesses without breaking any of the safeguards imposed by government regulation or the strictures of private shareholders.

The MSME sector is often left outside the door in dire need of financing either to begin operations or to scale up the enterprise but stumped by such proof of legitimacy as financial statements, income tax returns, credit history and a host of

Philippine Telegraph and Telephone Corp. (PT&T) has partnered with payment solutions company Paynamics Technologies in a bid to evolve as a digital services provider.

In a statement on Wednesday, PT&T said the move was a “major step” in boosting its presence in the local digital market.

The partnership was banking on the booming e-commerce sector, as well as the current administration’s target to expand its services online, it added.
“[C]onsumers require reliable internet services and secure digital payment services now more than ever,” PT&T noted.

“PT&T’s 10,000 [kilometers] of 100-percent fiber allows for seamless

PHILIPPINE Telegraph and Telephone Corp. (PT&T) has teamed up with Paynamics, a global payment solutions provider, to offer secure and efficient electronic payment solutions for both large and small and medium enterprises.

PT&T’s partnership with Paynamics is in line with a strategy to become a digital services provider.

“This is a major step as we increase PT&T’s presence in the digital footprint of Filipinos,” PT&T president and chief executive James Velasquez said.

“With more than 30 years of experience in the payments industry, the partnership with Paynamics is one of the ways we

PHILIPPINE Telegraph and Telephone Corp. (PT&T) is poised to foray into digital payments with its new deal with Paynamics Technologies, Inc.

The listed company said in a statement on Wednesday it signed a partnership agreement with electronic payment solutions provider Paynamics to further PT&T’s goal to become a digital services provider.

“PT&T’s 10,000 kilometers of 100% fiber allows for seamless connectivity while Paynamics has an extensive payment processing network that offers multi-channel pay-in and pay-out options. As commercial brands and government agencies rush to make their products and services available online, consumers

Individualism is at the heart of the entrepreneurial experience. A founder has an original idea for a business, refines it in collaboration with a partner or several, solicits funding from a wider but still select network of venture capitalists or angel investors, and then builds the product in relative isolation.

That’s the way it should be. Like an orchid, early stage start-ups are delicate and unique, and a lot of individual attention and nourishment is needed for them to bloom. But what happens later? Don’t start-ups, like every plant, need an

Ten years ago, the word fintech emerged in the local business scene, introducing flashy and compelling forms of payment and banking online. Many thought of it as risky, dangerous even, what with the complex and vast nature of the internet. Come 2016, Fintech is no longer a buzzword – it’s become the future.In May, Bangkol Sentral ng Pilipinas said that in less than four years, 20 percent of transactions nationwide will be done online.

“Unlike what most believe, fintech is an enabler [and] not a disruptor for financial institutions. It will

IN ANY GAME-CHANGING development such as the creation of a unified Asean Economic Community (AEC), there will be winners and losers. As to what will emerge winners or losers, it all depends on how well each country has prepared for the dawning of the AEC. The idea is to groom as many winners as possible and to prepare safety nets for the prospective losers.

While the big boys of corporate Philippines have long prepared for this development, it has been acknowledged that micro and small and medium enterprises (MSMEs) could be

At a run rate of over a deal a month, the Philippine startup ecosystem buzzed with 16 significant investments led by the venture capital industry’s best known names predominantly in the technology-driven themes.

The startups, that got funded and their ideas validated, represented segments such as online payments, fintech, teleradiology, realty and job platforms and software services.

While Singapore-based VC firm Monk’s Hill marked its debut investment in Philippines, other prominent names who bet on the region include 500 Startups, Beenos, KK Fund, Life.Sreda, AT Capital to name a few. Also, local