29.5 C
Philippines
Tuesday, June 18, 2024

11:58 PM

29.5 C
Philippines
Tuesday, June 18, 2024

11:58 PM

GLOBE: Non-Telco Revenues dropped 60% YoY but Share in Equity Earnings from Affiliates grew by 230%

Globe has evolved beyond the core telco business into a strengthened digital ecosystem of products and services that target the needful sectors in financial inclusion, healthcare, education, environment, business enablement, and more. From its core telco business, Globe has grown its portfolio with ventures in financial technology, healthcare, edutech, climatech, entertainment, adtech, e-commerce, manpower, information technology services and investments.GCash remains the leading cashless ecosystem in the country, bannered by ubiquity across its active user base, which is 5x larger than the next e-wallet, based on statistics from reputable third-party provider data.ai.

To complement its ubiquity across its consumers, GCash has also built the largest network of online and offline merchants and social sellers (over 6 million partners) and hosts over 1,000 merchant partners in its app, via GLife. Built on trust and the security of its brand and platform, GCash was recently recognized by the Asia-Pacific Stevie Awards for the Innovative Use of Technology in Customer

Service and for Innovation in Digital Transformation. Alongside this, GCash was recognized by Pan Finance as the best mobile wallet in the Philippines in 2024, and was also given the Company of the Year Award for the Philippines’ Financial Technology Industry from leading global analysis and growth strategy consulting firm Frost & Sullivan. These awards recognize GCash’s pioneering use of digital

solutions and innovative financial services and its strong overall achievements in the financial technology space.

GCash boasts of the most comprehensive suite of digital financial services, covering savings (via GSave), investments (via GFunds and the recently launched GStocks PH and GCrypto), and insurance products (via GInsure). On credit, backed by its proprietary trust platform and credit scoring via GScore, GCash has provided access to credit to over 4.5 million borrowers, of which the majority are from lower socio-economic classes and ½ are women. These milestones were achieved through game-changing lending products covering credit lines (GCredit), cash loans (GLoan), buy-now-pay-later (BNPL, via GGives), and the newly-launched micro-credit starter loans (Sakto Loan and Borrow Load), providing loans to more Filipinos who need it the most, continuously paving the way to its vision of Finance for All.

In line with its financial inclusion mandate, GCash has gone beyond the nation’s borders and now offers payments in 47 countries through GCash Global Pay. In partnership with Alipay+, this feature offers a hassle-free travel experience abroad through a seamless and secure payment experience across various merchants through Scan to Pay. GCash also empowers overseas Filipinos in 13 countries, with 3 more upcoming in May 2024, to manage their finances through GCash Overseas, which allows them to use their international mobile number to register for the GCash App and gives them access to services such as Buy Load, Pay Bills, and Send Money.

Moving beyond transactions, GCash incorporates sustainability across its innovation initiatives. The GForest movement empowers users to accumulate green energy and plant trees by simply using GCash. To date, more than 2.7M trees have been planted and 63.4K tonnes of carbon dioxide have been avoided, enabling our users to build a greener tomorrow.

Globe’s corporate venture builder, 917Ventures portfolio companies includes telehealth service platform KonsultaMD and Brave Connective Holdings, Inc., which brings together under its umbrella the companies that will help businesses strengthen their connection with customers through the use of data, analytics, targeting, and storytelling.

  • KonsultaMD is a tech-enabled platform with the goal of providing universal access to healthcare through 24/7 online doctor consultations, in-clinic patient services, medicine delivery, and convenient at-home diagnostics and wellness services. It commits to building an ecosystem of care, empowering Filipinos to live better. The KonsultaMD SuperApp offers the full healthcare experience from 24/7 doctor consultations, pharmacy, to diagnostics at-home. With over 1,000 healthcare providers, 50+ specializations, and more than 2,000 pharmacy offers, KonsultaMD continues to serve Filipinos nationwide in 16+ dialects. With a vision to uplift the healthcare journey of every Filipino, KonsultaMD is a one-stop-shop superapp for health.
  • Brave Connective Holdings, Inc. (BCHI)
  • AdSpark, the award-winning and largest locally ad-based data powered digital media and creative agency which has launched more than 3,000 digital campaigns.
  • M360, largest A2P multi-channel messaging platform, capable of sending messages to over 700 partner network operators in 190 countries via SMS or chat apps. Generates over 1.1 billion average monthly traffic with access to over 150 million mobile SMS users and over 45 million OTT users in the Philippines.
  • DeepSea, enables programmatic advertising by leveraging first party data, millions of audiences and wide variety & unique audience segments to advertisers
  • iNQUiRO, suite of data-driven products and solutions designed to create value for enterprises and their customers.
  • Globe’s 917Ventures, Ayala Corporation, and Gogoro Inc. have introduced Gogoro Smartscooters® and battery-swapping in the Philippines in 2023. This collaboration brings forth a new era of sustainable transportation, offering smart, convenient, and accessible electric two-wheelers to customers.