With over 1,600 retailers nationwide to date, POS!IBLE.NET looked ahead to a year full of possibilities, going with the theme "Empowering the Filipino MSMEs of Today."
POS!BLE Media Launch - January 24, 2018, Holiday Inn & Suites Makati
"We have been hitting milestones since we started operating in 2016," said JG Puzon, President and CEO of POS!IBLE.NET. "And 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.
In the media launch held on the 24th of January, 2018 at the Holiday Inn & Suites Makati; two Ka-Posible Retailers were invited to share testimonials. Mary Ann from Cabuyao City Laguna was a previous OFW who added POS!BLE.NET to their existing businesses and now they are enjoying the benefits of working in the comfort of their own home. Michelle from Pasay City, grabbed the opportunity she saw to offer more services to the growing needs of their community. Now her business is the one-stop shop for bills payments. reloading and domestic remittance in their area.
President and CEO of POS!BLE, JG Puzon and Ms. Jenny A. Romero from the BSP
Ms. Jenny A. Romero, a Bank Officer Inclusive Finance Advocacy Office of the Bangko Sentral ng Pilipinas, shared some statistics about MSMEs and how going digital and the current online opportunities might help business owners succeed.
DTI Usec. Zenaida Maglaya, Regional Operations Group was also present in the said event to share how the department is helping Filipinos set-up a business without the need for a very big capital. She also shared the 5M's to consider before going into a business - Mindset, Mastery, Mentoring, Machines, and Model.
From bricks to clicks
POS!BLE.NET is a digital transactions platform that is designed to help small and medium entrepreneurs in the country, making it the preferred partner of sari-sari stores, laundromats, bakeries, barber shops, and other community-based businesses.
Accessed via the user-friendly POS!BLE device, its comprehensive services include utility bills payment, select government fees, money services, micro-insurance, mobile loading, online gaming credits, and ticketing. Each transaction also comes with a confirmation receipt, gaining the trust of consumers.
“I am very happy about the change that it brought to my store,” said Venus Santos, a sari-sari store owner. “Now I can offer digital services that bring convenience to my customers.” Santos has been a retailer in Paco, Manila for the past two years.
QnA portion with (left to right) DTI Usec. Zenaida Maglaya, Ms. Jenny A. Romero, kaPOS!BLE partners - Mary Ann and Michelle, JG Puzon and Jerwin Lim.
Empowering the MSMEs
The POS!BLE team has been together for the last decade and is responsible for several pioneering innovations in the field of telecommunications and mobile commerce.
“The platforms we built over the years brought financial technology to many communities, but still, only the big businesses were able to realize the advantages,” said Puzon. “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.”
Making financial inclusion happen
According to Bangko Sentral ng Pilipinas (BSP), up to 36 percent of towns and cities in the Philippines still do not have access to banks and it takes 21 minutes on average for a consumer to go to the nearest financial access point. Given this, Puzon believes POS!BLE.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.”
As a result, POS!BLE.NET 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.
About POS!BLE.NET
POS!BLE.NET is a fintech and digital services provider based in Makati City that offers bills payment, money services, and mobile loading among others. It is one of the biggest Business-to-business-to-Consumer (B2b2C) networks in the country. To learn more about POS!BLE.NET, visit their website at posible.net.
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