The company said the Philippines lags behind its Southeast Asian (SEA) neighbors when it comes to financial inclusion and about 78% of the country remains unbanked and underbanked while the credit card penetration stands at 3% as of 2022.
Shell’s partnership with Brainsparks Philippines in this gathering is in line with its mission of supporting startups that are on the cutting-edge of innovation while help strengthen local economies by promoting entrepreneurship and meaningful employment.
The new WaterDeliveryPH app does more than deliver water; it allows users to save time and worry less by providing a convenient way to order safe and clean drinking water with just a few clicks.
More than 600,000 foreign and local tourists have already visited Boracay from January to April 27 of this year. The local government of Malay hopes to lure around two million tourists by the end of the year.
DTI secretary Fred Pascual said the Philippines now has two fintech startups that have achieved “unicorn” status – a startup valued at over $1 billion – e-wallet firms Mynt (GCash) and Voyager Innovations (Maya).