Bank services like bills payment and money remittance right across your doorstep? If we had our way, it can be made possible in the Philippines—and across Asia as well.
POSIBLE.NET, your go-to community-based digital financial services provider, was recently chosen as one of the Top 15 Finalists of the prestigious 2017 DBS-NUS Social Venture Challenge Asia Awards.
Social Venture Challenge Asia (SVCA) is an annual competition sponsored by the DBS Foundation and the National University of Singapore (NUS). It aims to recognize and support innovative ideas and social enterprises that are replicable, sustainable, and have the potential to create a positive impact.
This year’s competition featured two categories: The Idea category for innovative, out-of-the-box solutions to Asian community problems, and the Enterprise category for start-ups and existing ventures which aim to make a positive community impact.
With 1,069 entries from 27 countries all across Asia joining SVCA 2017, POSIBLE.NET was selected to be the lone Philippine entry in the Enterprise Category—and probably the first Finalist from the Philippines in the last three years of the competition.
Brand awareness, product development support, and prize money worth over SGD150,000 await the winners. Two out of 10 finalists in the Idea category and six out of 15 contenders in the Enterprise category will receive the distinction of being the year’s best innovative ideas and social enterprises in Asia.
As a proudly-Filipino startup social enterprise, POSIBLE.NET’s goal is to bring financial services and digital transactions closer to underserved communities.
Despite the love for digital devices and internet-savvy, it appears more than 80 percent of Filipinos do not have an online banking account. Moreover, only one percent of the 2.5 billion payments per month are done electronically.
Complicating matters is the fact that more than 400 of the 1,643 towns and cities in the Philippines do not have access to banks or payment centers. With current traffic woes costing Filipinos more than 1,000 hours a year, traveling to a bank or payment center to send money or pay bills is increasingly becoming inconvenient.
Through an easy-to-use Device and all-in-one software platform, POSIBLE.NET makes essential services such as bills payment and money remittance more accessible—literally right across one’s doorstep. Low entry cost and simple operation make it possible for micro, small, and medium businesses to level up by being a financial services touchpoint in the community.
Online voting for the 2017 SVCA Reader’s Choice Award is currently ongoing until September 22. Click here to vote and choose POS!BLE.NET from the Philippines among the 15 Finalists. – mks