POSIBLE.NET formally launches in the Philippines

    TechnologyEnterprisePOSIBLE.NET formally launches in the Philippines

    POSIBLE.NET, a digital services aggregator, was officially launched last January 24 at the Holiday Inn and Suites in Makati.

    Founded more than two years ago, POSIBLE.NET currently has 300 digital services on offer from over 1,600 retailers nationwide to more than a million Filipino consumers which has already generated approximately PHP 2 billion in transactions.

    “[…]We are excited for what 2018 has to offer to our growing number of retailers, consumers and partners, and I believe that now is the perfect time to tell everyone about how we are empowering the Filipino MSMEs,” said POSIBLE.NET President and CEO JG Puzon.

    POSIBLE.NET is a digital transactions platform the aims to help empower small and medium enterprises in the country, which makes it the preferred partner of general merchandise stores, laundromats, small bakeries, barber shops and other community-based, independently-owned businesses.

    The service can be accessed via the POSIBLE device, which gives users comprehensive services including payment for utilities and government fees, money services, micro-insurance, prepaid loading including gaming credits, and ticketing. Every transaction comes with a confirmation receipt for record-keeping for consumers.

    Venus Santos, a sari-sari store owner in Paco Manila for the past two years commented: “I am very happy about the change that it brought to my store. Now I can offer digital services that bring convenience to my customers.”

    The POSIBLE team has been together since the last decade and has been responsible for serveral pioneering innovations in telecommunications and mobile commerce.

    “Our goal is to bring the innovations to the broader base of Filipinos, a type of inclusion wherein every Filipino enjoys the convenience and benefits of emerging technology,” added Puzon.

    According to the central bank, about 36 percent of towns and cities in the Philippines still do not have access to banks and a consumer takes an average of 21 minutes to get to the nearest financial access point.

    With this, the company is currently working on making the technology readily available to all barangays and community stores for Filipinos to be able to utilize the technology to spur economic growth through digital transformation.

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