The Philippines is on track towards becoming a US$35 billion economy by 2025. But even with the promising outlook, the country’s workforce remains challenged by a digital skills gap that hampers its transformation into a truly digital nation. 

According to the 2023 World Digital Competitiveness Ranking by the International Institute for Management Development (IMD), the Philippines ranked 59th out of 64 countries in overall digital competitiveness, showing low rankings on knowledge and talent (63rd), technology (51st), and future readiness (59th). This underscores an urgent need to prioritize digital skills development to ensure the country’s digital competitiveness and sustainable growth.

“In an era defined by digitalization, the importance of digital skills across industries has become undeniable. KodeGo was developed to create more accessible and affordable opportunities for Filipinos to upskill themselves and strengthen their employability with advanced to intermediate digital skills,” said Ina Gervasio, KodeGo Chief Executive Officer.

Launched in 2020, KodeGo is a study now, pay later edutech platform that provides accessible, comprehensive digital skills training programs, including the following:

• Full-stack web development
• Virtual Assistance
• Virtual Bookkeeping
• Basic transcription 

“As the Philippine tech industry gears up to expand to 2.5 million full-time employees and generate US$59 billion in revenues by 2028. It’s crucial to ensure our courses align with industry standards. Our mission at KodeGo goes beyond imparting new skills; we’re committed to ensuring our students are not just equipped for the job market but are also highly employable,” Gervasio said.

In line with this, KodeGo introduced a flexible payment scheme that includes a study-now-pay-later format while providing end-to-end career assistance and support for its students post-training. Each curriculum takes between two and 22 weeks to complete. 

To date, the platform has over 2,000 graduates, many of whom achieved meaningful employment opportunities with industry heavyweights including GCash and Accenture.

Kwentong KodeGo (KodeGo Stories)

At the forefront of KodeGo’s mission is the commitment to empower women and break barriers in the tech industry. To date, out of the almost 2,000 KodeGo graduates, 20% are women looking to learn and make a name for themselves in the tech industry, a number that is constantly growing.

Among Filipinas who took KodeGo’s courses is Lorie Pascual, a former music teacher whose career ground to a halt during the pandemic. While considering what to do to continue providing for her family, one of her churchmates encouraged her to join KodeGo’s full-stack web development boot camp.

“I thought I should try studying a tech course since I had a laptop and internet, I had enough to start with what I had, so I enrolled in KodeGo,” Lorie said.

After 12 weeks of full-time classes, Lorie completed the course and is now a web developer at Aemorph, an internet marketing service company based in Singapore.

Another successful KodeGo graduate is Lorraine Ostan, who had to drop out of her first year in college due to financial difficulties after her father lost his job as an Overseas Filipino Worker (OFW) in the United Arab Emirates.

She decided that she needed to find a job to help her family and raise her young child, which led her to take KodeGo’s full-stack web development program. Two weeks after completing the course, she landed a job in a Japanese offshore company as a web designer and eventually moved on as a software engineer. 

“Stories like Lorie’s and Lorraine’s are why we are deeply passionate about what we do. Their journeys highlight the power of education and the opportunities that arise when individuals are equipped with the right skills and support,” Gervasio said.

How to enroll at KodeGo

Those interested in enrolling at KodeGo should go visit kodego.ph, apply on the website, and take a short assessment test. 

Upon successful application, students will receive their KodeGo contracts and an invitation to an onboarding session to familiarize themselves with the curriculum and how to use the KodeGo platform. All that’s left to do is complete the training.

Learn more about KodeGo and its courses by visiting kodego.ph

###

About KodeGo

KodeGo is an edutech platform launched under the 917Ventures portfolio of companies that aims to bridge the digital skills gap of Filipinos. Through their diverse roster of digital courses–from full-stack web development to virtual assistance, to bookkeeping, and transcribing–they hope to arm students with technical skills that will make them job-ready and able to build successful careers as digital professionals. 

About 917Ventures

917Ventures is the largest corporate venture builder in the Philippines and the innovation arm of Globe Telecom. 917Ventures seeks to solve the pain points of consumers and businesses through digital solutions and build a digital nation that is loved and admired through its digital solutions & ventures. It is home to the most successful digital pioneers that have paved the way and delivered indelible value to the Philippines and the Asia Pacific. 

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“Mother,” which is part of a series of public service reminders encouraging subscribers to register their SIM, shows a woman who is struggling to prove her identity to her skeptical family as she spews out lines commonly used by scammers.

The video, which TNT produced with GIGIL Philippines and Arcade Film Factory, bested over 200 entries from all over the region in the Film Craft – Script category of AdFest’s Lotus Awards.

“This prestigious award is a result of a huge collaborative and creative effort by our internal teams and agency partners, who took to heart TNT’s mission of providing ‘saya’ or fun to subscribers even in conveying important public service reminders,” said Alex O. Caeg, Head of Smart Consumer Wireless Business.

“We also offer this recognition to our 34-million strong TNT subscribers, who comprise the Philippines’ biggest mobile brand, and serve as our inspiration for coming up with relevant services and impactful campaigns,”  Caeg added.

Launched in April 2023, TNT’s SIM Registration campaign videos quickly racked up over 100 million views across social media platforms, including Facebook, YouTube, TikTok, with viewers organically sharing them for being “creative,” “funny” and “unskippable.”

Within just 10 days since the videos dropped,  over 7 million subscribers registered their SIM, proving the campaign’s effectiveness.

TNT’s gold Lotus Award at Adfest 2024 adds to a string of local and international recognitions for the viral SIM Registration campaign videos,  which includes being shortlisted at the  New York Festivals 2023 Advertising Awards, winning Silver at Boomerang 2023 Awards, and bagging Crystal Awards at Korea’s MAD Stars 2023, among others.

TNT is powered by Smart, which delivers the Philippines’ Best 5G Coverage and Best 5G Availability, according to independent analytics firm Opensignal. 

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• Echelon has revealed the first 26 startups in its TOP100 Program for this year.
• Participants from beyond Southeast Asia will be spotlighted in 2024, with startups emerging from India, Bangladesh, and Taiwan.
• As the startup ecosystem matures, the program has shifted its mentorship focus to business resilience and sustainable regional growth.

SINGAPORE, March 2024 – Echelon, the premier tech and startup conference in Southeast Asia organized by e27, has announced the first 26 shortlisted participants in its TOP100 Program for 2024. Launched in 2012, the TOP100 is a curated growth program for startups across the region to gain visibility, mentorship, and funding opportunities. 

From cybersecurity to artificial intelligence, this year’s participants span beyond Southeast Asia, with startups from India, Bangladesh, and Taiwan emerging. “We are proud to see applicants and candidates emerge from beyond our traditional Southeast Asian borders. This goes to show the impact we have made on startups across Asia”, said Mohan Belani, CEO and Co-Founder of e27. “We have a pool of very impressive applicants, and the 26 shortlisted startups are poised to revolutionize their respective fields. This makes us very excited to see what the rest of the program will bring.”

The first 26 shortlisted participants include startups from Laos, the Philippines, and Malaysia along with Singaporean applicants. The list includes names such as Careera (Singapore), Fina Fintech (Laos), Edge Tutor (the Philippines), dentall Co. Ltd. (Taiwan), The Mango Jelly (India), PriyoShop (Bangladesh), Talent Hero Ventures (Singapore), among others.

These startups will participate in the TOP100 program in March, where they will have the privilege of exclusive access to events, mentorship, workshops, and 800+ investors on the e27 PRO Connect platform. They will also be active participants at Echelon X through their exhibition booths and will have a chance to showcase their ideas on the Pitch Stage during the milestone 10th event in Singapore on 15-16 May 2024.

Over the years, the program has witnessed the participation and showcasing of various notable players in today’s startup ecosystem such as 99.co, Edukasyon.ph, FOMO Pay, Lalamove, Gojek, Carousell, and Carro. Priyoshop, a participant in 2023, has since gone on to raise US$ 5 million in funding. Priyoshop is now, joining the stage in 2024 too, to get another boost to their growth.

In its 10th year, the program has evolved to match the dynamic landscape, focusing on providing a multitude of opportunities curated to meet the needs of more mature startups. This includes workshops and mentoring aimed at fostering business resilience and sustainable growth. “The TOP100 Program gives us an opportunity to support and collaborate with the up-and-coming startups across the region. This year, we have a very promising initial group of startups, and we eagerly anticipate revealing more startups to you soon”, added Belani.

About Echelon X

Echelon is e27’s flagship tech conference, bringing APAC’s startup ecosystem together to gain insights, build connections and meet talent from all over Asia. Explore how startups, investors, corporates and government bodies work together across borders to tackle similar challenges and pressing issues and empower the larger ecosystem to build the Future of Asia. Gather meaningful insights from industry leaders and stakeholders through stage discussions; build connections within the industry with over 300 exhibition booths. As Asia’s leading platform for tech startups and investments for 13 years now, Echelon will take on cross-border engagements, talent growth, and showcasing APAC’s emerging and leading companies from the heart of Singapore.

For more information, please visit, https://e27.co/echelon/asia

About e27

Founded in 2007, e27 has a strong mandate to give all entrepreneurs a winning chance to succeed, providing them with relevant tools and resources to build and scale their companies in Asia’s tech ecosystem. e27 provides a go-to platform for connections, insights, funding, and more — everything you need to build a billion-dollar company.

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MANILA, Philippines – Bayad, the pioneer brand in the outsourced payment collection system in the Philippines, officially sealed its partnership with GoTyme Bank, one of the country’s fastest growing digital banks.

GoTyme Bank is a joint venture between the Gokongwei group of companies and the multicountry digital banking group Tyme. This time, through its partnership with Bayad, GoTyme App enables bills payment services covering household utilities, tollway RFID load, e-loading, telco, internet, government contributions, and many others.

Tailor-made for the increasingly e-payment savvy Filipino market, GoTyme App provides the convenience of one-stop-digital-shopping experience.

Once customers open a GoTyme Bank account, they can also avail of a free GoTyme Bank Visa debit card in kiosks that are located within the retail footprint of the Robinsons group such as Robinsons Supermarket, The Marketplace, Robinsons Department Store and more across the country.

These GoTyme Bank Visa cards can be used for over-the-counter payments such as shopping and cash withdrawals.

With GoTyme Bank, customers can take advantage by having access to a variety of biller brands powered by Bayad. GoTyme and Bayad App users are also able to transfer funds with each other.

Bayad President and CEO Lawrence Y. Ferrer underscored, “We take pride with our over 3000 biller brands which we are keen of also integrating with our payment channel partners like GoTyme Bank. Bayad has been committed to making digital finance more accessible and easier for Filipinos. Through our partnership with GoTyme Bank, we are optimistic that we will further the financial inclusion in the country.”

GoTyme Bank co-CEO Albert Tinio said, “Through our partnership with Bayad, GoTyme customers can now conveniently pay their monthly bills. They don’t need to take time out of their busy schedules to ensure that their bills are paid on time. Now our users can manage their personal finances from the comfort of their homes.”

For fintech institutions like GoTyme Bank that are interested to be part of Bayad’s extensive channel network, you may send an email to partnerships@bayad.com. Bayad enables partners to attain nationwide presence and provides end-to-end support services for efficient payment and collection processing.

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SINGAPORE – PepsiCo today announced the launch of the second Greenhouse Accelerator program in Asia Pacific (APAC) region. Following the success of last year’s program, PepsiCo is looking to make an even greater impact on the food and beverage sector in the region by collaborating with and supporting entrepreneurs who are developing innovative solutions in sustainable agriculture, climate action, and the circular economy.

As the Asia Pacific experiences a notable shift towards more sustainable supply chains in an effort to reach net zero, PepsiCo understands its position to influence and be a part of this transition. The Greenhouse Accelerator APAC Sustainability Edition is an initiative to partner with innovative entrepreneurs in the region to advance the company’s goal to be net zero by 2040. As part of the program, PepsiCo will select up to 10 applicants to receive US$ 20,000 in grants as well as mentoring from subject-matter experts from PepsiCo’s executive bench and broader leadership team. The final winner of the US$ 100,000 prize will be announced in Thailand in September 2024.

Applications for 2024 are now open, and APAC startups with solutions in the sustainable packaging, climate action, and sustainable agriculture spaces are eligible to apply. The shortlisted applicants will be selected based on the degree of innovation, business model scalability, uniqueness, disruptive potential, and a mission to drive emissions reduction and circularity.

“Building on the strong start we made in 2023, we are extremely proud to launch the second edition of the Greenhouse Accelerator program across the Asia Pacific region. Last year, we initiated seven pilot projects, each contributing to our sustainability goals and demonstrating the power of partnership. APAC is a focal region for agri and food tech innovation, and with new partners joining us, we aim to use our reach to positively influence the food ecosystem.” shared Wern-Yuen Tan, PepsiCo, CEO of APAC. 

Since its inception in 2017, the Greenhouse Accelerator has included over 86 companies across the Middle East and North Africa, Europe and Sub-Saharan Africa, the United States, and APAC. To date, the collective revenue of the emerging startups has exceeded USD $20 million. Last year, the program received over 100 applications across the APAC region, with Powered Carbon delivering the winning solution. Powered Carbon’s low carbon fertilizer solution which uses green electricity to cultivate bacteria, has since been piloted on PepsiCo’s potatoes in Guangdong, China. For the second edition of the program in APAC, PepsiCo has partnered with Suntory PepsiCo Beverage Thailand, Suntory PepsiCo Vietnam Beverage, and Circulate Capital with an aim to address a comprehensive range of environmental challenges and to cultivate a generation of entrepreneurs who can drive positive impact across multiple facets of sustainability.

Mr. Ashish Joshi, Chief Executive Officer, Suntory PepsiCo Beverage (Thailand), said, “As a leader in the beverage industry, Suntory PepsiCo Thailand is proactively addressing environmental challenges through an unwavering commitment to sustainability, innovation, and compliance. We are dedicated to optimizing internal processes and reducing greenhouse gas emissions across our entire value chain while collaborating with other stakeholders to achieve a net-zero carbon society. We clearly define priority issues, including achieving water conservation and replenishment, fostering a sustainable packaging management for the circular economy, and greenhouse gas reduction throughout our operation. Emphasizing the importance of collaboration, we are pleased to participate in this program to build a sustainable society that prioritizes environmental responsibility.”

“Suntory PepsiCo Vietnam is proud to be a partner in this impactful initiative, create a platform where innovations can thrive and can contribute to the movement toward a more sustainable future. Our company’s sustainability strategy and goals align with the Vietnam Government’s commitment, especially its pledge to reach net-zero greenhouse gas emissions by 2025. We have collaborated with strategic partners to implement multiple initiatives in realizing sustainability goals, notably, our phasing out of fossil fuel in manufacturing plants and reduced virgin plastic consumption leading to the reduction in greenhouse gas emissions.” said Jahanzeb Khan, CEO and General Director, Suntory PepsiCo Vietnam.

To apply for the PepsiCo Greenhouse Accelerator 2024 APAC Sustainability Edition, visit the website at greenhouseaccelerator.com/apac/ or PepsiCo’s LinkedIn linkedin.com/company/pepsico

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“No one can deny the outsized impact of micro, small, and medium enterprises (MSMEs). According to the United Nations Development Programme, these businesses contribute 40% to the country’s gross domestic product (GDP) and employ 63% of the local workforce. Despite their substantial contributions, many MSMEs continue to be underfunded. This hinders the growth of these businesses, and in turn may hinder the growth of the economy,” said Martin Luchangco, Entrepreneur-in-Residence at 917Ventures.

Straightforward Application Process
FundSpace caters to enterprises of all sizes, ensuring easy access to the funding to ensure business growth and sustainability. It connects borrowers to different lending partners offering various loan products through an accessible mobile-friendly platform. 

Entrepreneurs can start their financing journey in four simple steps: 

1. Visit the FundSpace website
2. Specify the loan amount
3. Submit necessary business documents (such as Barangay and Mayor’s Permits, DTI Permits, valid IDs, and the latest three months bank statements), and; 
4. Wait for its dedicated account managers to get in touch.
   1. The platform has a quick 14-day loan approval timeline, a significant improvement over the typical 60-day timeline seen in traditional banks.

Together with its lender partners that include Alon Capital, iGlobal, Mt Fuji Lending, BPI Business Banking, First Circle, Zenith Capital, and Esquire, FundSpace provides loans from P5,000 to upwards of P100 million.

“It’s important to provide flexible loan amounts to better serve MSMEs across the board–from those who are just starting out, to those who want to aggressively grow their businesses,” Luchangco explained.

Since launch, FundSpace has facilitated loans across multiple businesses, including industries like retail, construction, food and beverage, services, and software industries, underscoring its position as a valuable partner of MSMEs, helping propel them toward sustainable growth and success.

Inclusive Access to All Types of Businesses

Data from the United Nations Development Program showed that more than half of MSMEs (67%) in the Philippines face challenges when it comes to securing funding. 

Many of these entrepreneurs rely on personal savings or loans from family and friends to start or expand their businesses, as banks and other financial institutions often subject entrepreneurs to a lengthy, tedious process, demanding extensive documentation. Rigid collateral requirements and high-interest rates pose additional barriers, limiting the accessibility of crucial financial resources and cost of business for these enterprises.

In response to these challenges, FundSpace was developed to simplify the borrowing process.

Features to look forward to

Beyond continuing to expand its loan offerings, FundSpace plans to launch a credit scoring feature later in the year. This feature is designed to streamline the application process for borrowers by reducing the required documentation. Simultaneously, for lenders, it will facilitate quicker assessments and enable the platform to deliver higher-quality leads. 

FundSpace’s commitment to innovation not only enhances the user experience for borrowers but also strengthens the efficiency and effectiveness of the lending process for its valued network of financial partners.

“Empowering MSMEs with easy financial solutions is both an investment in their growth and in fostering economic resilience. By removing financial barriers for these enterprises we are contributing not only to their success but also to the sustainable development of communities and the Philippine economy,” Luchangco added.

Learn more about FundSpace by visiting fundspace.ph.

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As Bayad beefs up its partnership with Sun Life Grepa, its mobile application – Bayad App will now be able to directly make available a variety of insurance plans to its subscribers, apart from enabling the acceptance of monthly payments for insurance premiums.

Bayad President and CEO Lawrence Y. Ferrer shared, “Our sole purpose at Bayad has always been centered on elevating the quality of living of Filipinos, and a huge part of our role is to help our kababayans safeguard the most valuable things in life, their physical and financial wellbeing.  With this, we continue to maximize our digital payment offerings by partnering with forward-thinking financial institutions like Sun Life Grepa. Now more than ever, we recognize the increasing need for security in cases of death, unforeseen accidents, hospitalization costs from illnesses, and retirement financial plans. We are one with Sun Life Grepa in enabling worry-free insurance payment solutions.”

“At Sun Life Grepa, we have always been committed to making life brighter for Filipinos through offering life insurance products that empower individuals and families to secure their future.“ said Sun Life Grepa President Richard Lim. This partnership with Bayad aligns perfectly with that direction. Its extensive network and expertise in payment solutions make them a remarkable partner to help us reach more Filipinos. We have the highest confidence that we will be able to offer an outstanding client experience but also reinforce our commitment to financial inclusion and security.”

Visit www.sunlifegrepa.com to learn more about Sun Life Grepa products and services.

For fintech institutions like Sun Life Grepa Financial that are interested to be part of Bayad’s extensive biller network, you may send an email to partnerships@bayad.com. Bayad enables partners to attain nationwide presence and provides end-to-end support services for efficient payment and collection processing.

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EastWest, one of the fastest-growing banks in the country today, proudly announces the inauguration of its newest Storelite, located strategically at the Chinese General Hospital. This exciting new addition is an extension of the EastWest Blumentritt Store, further solidifying the bank’s commitment to extending its reach and serving its valued customers more effectively.

Aiming to be an established presence in the area to cater to the medical professionals, individuals, and businesses, EastWest recognizes the valued work, strong influence, and wide network of Chinese doctors in the community.

Untapped Potential and Robust Growth

“We saw an untapped market in the area of CGH, and by expanding our store network, we can now efficiently address an existing demand and allow us to better grow and serve our increasing clientele,” said Gerry Susmerano, EastWest SEVP and Head of Retail Banking.

“The opening of EastWest Storelite is also our way of showcasing our exceptional customer service and a wide array of banking services tailored to the needs of our clientele,” concluded Susmerano.

A Message to Future Customers

To the esteemed medical professionals and potential customers in the vicinity, Eastwest’s message of customer-centricity is loud and clear with this new Storelite: EastWest is here and ready to fully serve and address their banking needs.

With the new Store, EastWest assures clients that they can count on EastWest for quick, smooth, and efficient banking transactions that lets them focus on what they do best – caring for others.

The Bank invites all existing and new clients in the area to visit EastWest Storelite at the Chinese General Hospital and experience its brand of positive customer experience.  For more details on EastWest products and services,  visit www.eastwestbanker.com or call the 24/7 Customer Service at (632) 8888-1700.

EastWest Store-Lite, CHINESE GENERAL HOSPITAL (CGH):

Address- Chinese General Hospital and Medical Center, 286 Blumentritt St., Sta. Cruz, Manila.

Bank operating days & Hours: Mondays thru Fridays; 9:00 am – 5:00 pm

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The highlight of Bayad’s participation was the thought-provoking presentation by President and CEO Lawrence Y. Ferrer, where he shared valuable insights on the pivotal role of bill payments in catalyzing digital economic growth.

In his presentation titled “Fueling Progress: Bill Payments as the Catalyst for Digital Economic Growth,” Mr. Ferrer emphasized the importance of bill payments in the Philippines and its significant contribution to the country’s economy.

The Move Toward Digital

Currently, the Philippines ranks as the largest recipient of money remittances in Southeast Asia, 3rd in Asia, and 4th globally, with the World Bank predicting continued growth in remittances.

Payment behavior in the Philippines is shifting towards digital transactions, with a projected increase to at least 50% in 2023, aligning with the Digital Payments Transformation Roadmap of the Bangko Sentral ng Pilipinas. 

The digital economy clearly continues to grow, as “Every day, more and more people are choosing to make digital transactions, as seen in the 9.4% share of the digital economy to the GDP of the Philippines in 2022. With the growing Philippine market globally and the increasing preference for digital payment platforms, we want to answer to the demand of Filipinos for a secure and convenient way of managing their bills, wherever they may be, by creating solutions anchored in their bill payment needs,” said Ferrer.

Bayad’s Role in the Bill Payment Industry

Given this, Bayad, formerly known as Bayad Center, has continued to be a trusted brand in the industry for 26 years, initially serving MERALCO customers with alternative bill payment outlets.

Now with a massive ecosystem, Bayad has evolved into the premier bill payments aggregator, serving over 3,000 biller brands from both public and private sectors, covering a wide range of services, including electric and water utilities, telecommunications, government contributions, airline booking payments, loans, e-loading, e-wallet top-ups, toll RFID loading, insurance, memorial and more.

“And of course, with our dedication to providing Filipinos more payment channels to access our biller partners, we continue to strengthen our omnichannel presence. We currently have over 400,000 physical touchpoints and we are connected to over 80 million subscribers of leading digital and mobile platforms, spread across domestic and international borders,” pointed out Ferrer. 

“In fact, 9/10 of all banks and fintechs are connected through our bill payment trail. We stand as a single point of transaction for billing institutions and payment channels who want a faster time-to-market approach,” he emphasized.

Bayad Overseas – Expanding Opportunities for Global Filipinos

With the launch of Bayad Overseas, Filipinos around the world now have a convenient way to pay their bills in the Philippines, enhancing their financial experiences globally.

Bayad Overseas aims to support and uplift the global market of Overseas Filipino Workers (OFWs) by providing a secure, convenient, and reliable payment solution for their bill payment needs.

“Capture the global OFW market by partnering with the biller aggregator of choice and the most trusted brand by Filipinos for their payment needs. With Bayad’s physical and digital payment touchpoints, Filipinos are assured of a safe, convenient, and reliable payment transaction whatever their payment style may be,” Ferrer said as he invited the audience.

Partnership for the Future

Ferrer concluded his presentation by welcoming potential partners to collaborate with Bayad, emphasizing the company’s commitment to integrity, reliability, and trust.

“Bayad is with you in shaping a better world of fintech. Become a Bayad partner today and together, let’s fuel the expansion of the global digital economy,” he said.

Bayad also participated in a booth exhibition, alongside more than 500 fintech companies from around the world, showcasing its massive biller ecosystem.

“As a single point of transaction for billing institutions and payment channels, Bayad offers a faster time-to-market approach, making us the biller aggregator of choice,” said Mr. Ferrer.

Bayad’s participation in the 2023 Singapore Fintech Festival marks a significant step toward its mission of empowering individuals and businesses with seamless and convenient bill payment solutions, both domestically and internationally.

To be part of Bayad’s extensive international channel network, you may send an email to partnerships@bayad.com. ###

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Filipino gaming circles find themselves in a buzz following the announcement of cosplayer and influencer Alodia Gosiengfiao’s departure from Tier One Entertainment, the esports startup she co-founded in 2017 with entrepreneur Brian Lim and Filipino esports personality Tryke Gutierrez.

Gosiengfiao, also known as the wife of Novellino Wines heir Christopher Quimbo, revealed her departure on Facebook, expressing that her “visions and values are not aligned” with the company. Despite the challenges and rewards encountered in building the company, Gosiengfiao felt it was time to part ways.

In her departure statement, she shared, “It is with a heavy heart that I bid Tier One Entertainment farewell. The journey we shared in building the company has been both challenging and rewarding. However, it has become evident that our visions and values are not aligned.”

Tier One Entertainment, known for managing content creators and esports talents, including Cong TV, Seyrah, Junnieboy, ohmyv33nus, Wisee, and Eson under its Blacklist International label, faced some layoffs prior to Gosiengfiao’s exit.

Speculation has arisen among netizens, connecting Gosiengfiao’s departure to the company’s recent foray into sports betting and gambling through a partnership with Rivalry. The move into this new territory has led some to question whether the company’s strategic direction influenced the co-founder’s decision to step down.

It’s worth noting that Gosiengfiao was present during the launch event of Tier One Entertainment’s partnership with Rivalry, adding a layer of complexity to the ongoing discussions about the company’s future.

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