POSIBLE.NET was officially launched in the Philippines recently and targets to be an authoritative community-based digital transactions network in the country.
The company, founded two years ago, currently offers more than 300 digital services to over a million Filipino consumers and has already generated close to PHP 2 billion worth of transactions.
POSIBLE.NET is a digital transactions platform that is designed to help small and medium entrepreneurs in the country. Accessed via the user-friendly POSIBLE device, its comprehensive services include utility bills payment, select government fees, money services, micro-insurance, mobile loading, online gaming credits, and ticketing with each transaction coming with a confirmation receipt.
The team has been together for the last decade and has been in the business of pioneering innovations in the field of telecommunications and mobile commerce meant to empower the Filipino MSMEs of Today
Puzon believes POSIBLE.NET plays an important role in attaining financial inclusion in the Philippines by bringing digital transactions closer to all communities.
“We are working to make the technology readily available to all barangays and community stores so that they would be able to do digital transactions and spur economic growth,” he said. “Our objective is to penetrate more areas, especially those where banks and payment centers are minimal or nonexistent.”
The service was recognized as one of the Top 15 ventures in Asia at the DBS-NUS Social Venture Challenge held in Singapore last September 2017, an annual competition to determine the most innovative ideas and enterprises. It was the sole Philippine entry in the Enterprise category.