STARTUP SPOTLIGHTFocusing on kanto -preneurs and micro-syantesBy MARGA BELLOSILLOhome/Business/Sunday Business/Focusing on kanto -preneurs and micro-syantesFintech and digital services provider Posible recently launched Gen 2, its second-generation machine that offers the usual repertoire of its comprehensive services, including utility bills payment, select government fees, money services, micro-insurance, mobile loading, online gaming credits and ticketing. Posible Gen 2 has a larger touchscreen display and offers inventory management for small and medium businesses. Currently, it offers more than 300 digital services to over a million Filipino consumers and has already generated close to P5 billion worth of transactions. According to the 2016 List of Establishments of the Philippine Statistics Authority, the Philippines has a total of 915,726 business enterprises operating nationwide. Micro, small and medium enterprises account for 99.57 percent (911,768) of the total establishments, of which 89.63 percent (820,795) were microenterprises, 9.50 percent (86,955) were small enterprises, and 0.44 percent (4,018) were medium enterprises.

Source: Manila Times December 15, 2018 19:52 UTC