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).
DTI secretary Alfredo Pascual said the e-licensing platform’s launch is a significant stage in monitoring and controlling trade in strategic goods to ensure that these products are not used as weapons.
The DTI says the Philippines has a wealth of entrepreneurs and innovators who are driven by their desire to do things better, provide solutions, create value, and address customer demands.
Because of the increase in complaints on online transactions, the Department of Trade and Industry said it is pushing to have a provision on e-commerce trust mark under the proposed Internet Transaction Act.
The Startup Venture Fund (SVF) Investment Committee (IC) held a “community mixer event” on Friday, March 24, at the National Development Company (NDC) in Makati City to link up startups to investors.
The USAID-funded Strengthening Private Enterprise for the Digital Economy (SPEED) targets to expand SMEs’ participation in the digital economy by helping them to innovate and adopt digital technology solutions that are safe, reliable, and affordable.
The DTI said the agreement opens doors for possible collaboration between the Philippines and China in undertaking joint case studies and capacity building programs to enhance the knowledge and skills of MSMEs and maximize the potentials of e-commerce.
