Tag: digital payment

Technology

Hyperlocal to become part of new normal, says BPI

The COVID-19 pandemic has seen the emergence of a vibrant hyperlocal market, with residents preferring to buy and sell products within their immediate communities.

“The hyperlocal marketplace is expected to become part of the new normal due to its unique selling proposition. The proximity factor between the buyer and seller makes this model work and competitive even with other online options from larger companies. The ability to deliver products and services faster gives a tremendous opportunity to all participants in this ecosystem,” Bank of the Philippine Islands (BPI) Chief Digital Officer Noel Santiago told Digital Life Asia.

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Technology

Gojek: MSMEs to benefit from FB, PayPal investment

Image credit: Gojek Product + Tech
Image credit: Gojek Product + Tech

In a move seen to accelerate digital payment adoption among micro, small and medium enterprises (MSMEs) in Southeast Asia, Gojek has announced that Facebook and PayPal have invested in the company in its latest round of funding.

Facebook and PayPal are the latest to join a powerhouse list of investors in the Indonesian startup. Gojek’s longtime investors include Google and Tencent. This new investment will support Gojek’s mission to boost Southeast Asia’s digital economy.

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