aims to be ‘Alibaba of Philippines’

The Philippines enters the second year of its five-year strategy of boosting the nation's entrepreneurial system.

Some 16 tech-driven Philippine start-ups made a mark in 2016, as international investors bought into their ideas, reports DealStreetAsia.

One of them is local online payment platform Paynamics Technologies, which exactly one year ago, raised its first round from Japanese e-commerce business incubator group Beenos.

Ronald Magleo, founder and chief executive of Paynamics, says its online marketplace aims to be the "Alibaba of the Philippines."


Source from ABS-CBN News