Philippine Economy Thrives as Overseas Filipino Remittances Soar to New Heights
The Philippine central bank reported a 2.9 percent year-on-year increase in personal remittances from overseas Filipinos, reaching 2.78 billion U.S. dollars in May. These remittances, which totaled 14.46 billion U.S. dollars in the first five months of the year, have become a crucial source of foreign exchange inflows for the country, supporting economic growth and strengthening ties between overseas Filipinos and their homeland. 24...
E-shopaholics: The Driving Force Behind Southeast Asia’s E-commerce Boom
E-shopaholics, constituting 15% of the Southeast Asian e-shopper population, are responsible for a significant 45% of all e-commerce purchases, according to a study conducted by Ninja Van Vietnam and Geopost. Expert online shoppers, they demonstrate an impressive proficiency in navigating the e-commerce ecosystem, making them a vital force in the region’s thriving digital retail industry. 22 July 2023 – A recent study...
Huawei Mobile Services and Alipay+ Forge Strategic Partnership for Enhanced Payment Marketing and Seamless User Experiences
Huawei Mobile Services and Alipay+ have entered into a strategic partnership to enhance their payment marketing efforts and deliver seamless payment experiences to users. The collaboration involves integrating Alipay+’s digital payment solutions with Huawei’s mobile services, enabling a simplified and secure mobile payment landscape. Huawei has already enabled multiple e-wallets and plans to expand further. The partnership...
