The financial world could have fallen into total chaos had there been no online payment platform during the pandemic, according to a top executive of local operator Globe Telecom.
Digital payment firm Xendit has signed up new partners in the Philippines in a bid to expand its operations in the country after raising $150 million Series C funding that elevated the company to a short-list of Southeast Asia unicorns.
To cater to the growth of the courier and e-commerce business, the company said 2GO Express has invested in new technologies such as automated sorting machines in its hub facilities that can process more than 140,000 parcels a day.
The Philippines ranks high as the fourth country in Asean targeted by ransomware attackers while remaining at a low 82nd when it comes to cybersecurity readiness.
The program simplifies the onboarding process and will enable SMEs to sign up with PayMongo and start accepting digital payments within three to five working days.
The National Privacy Commission (NPC) has joined hands with two groups from the finance sector in urging online lenders to stop excessive data collection and start complying with the Data Privacy Act.
Cloud communications firm Infobip has launched its Startup Tribe program in Asia Pacific, an initiative that has received significant interest from startups across all industries since its global launch in May 2021.
