An aggregator of digital services and an upgrade to small businesses, POSIBLE.NET was officially launched last January 24 at the Holiday Inn and Suites, Makati City.
With over 1,600 retailers nationwide to date, POSIBLE.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.
Transactions and payments are done using a user-friendly POSIBLE 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.
POSIBLE.NET, founded two years ago, currently offers more than 300 digital services to over a million Filipino consumers and has already generated close to P2 billion worth of transactions.
“We have been hitting milestones since we started operating in 2016,” said JG Puzon, President and CEO of POSIBLE.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.”
The POSIBLE team has been together for the last decade and is responsible for several pioneering innovations in the field of telecommunications and mobile commerce.
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. POSIBLE.NET plays an important role in attaining financial inclusion in the Philippines by bringing digital transactions closer to all communities.
As a result, POSIBLE.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.