Globe’s digital transformation over the last five years has spurred innovations among many local industries as the Philippines gears itself up for the 4th Industrial Revolution, otherwise known as IR 4.0.
Globe president and chief executive officer Ernest Cu said the company has assumed the role of purveyor of digital lifestyle through its massive network transformation about a decade ago.
“Globe will be at the forefront of innovation using advanced technologies that would help our nation move forward alongside its neighbors,” Cu added.
IR 4.0 is a technological movement that is expected to alter the way people live, work, and relate to one another.
“Globe’s digital transformation enabled new industries to thrive in the country’s digital economy, resulting in high adoption rate of online shopping, ride-hailing and mobile food delivery applications among Filipinos,” Cu said.
Cu added Globe has gone beyond telco with major interests in venture capital funding for start-ups, financial technology, digital marketing solutions and virtual healthcare.
“Kickstart Ventures for instance is now managing Ayala Group’s new $150 million venture capital fund to support startups pursuing innovations along key technology areas in data and analytics, machine learning, artificial intelligence, cloud computing, fintech, automation, real estate, retail, transport, energy, water, health and wellness and food,” Cu said.
“GCash on the other hand is shaping the financial technology landscape in the Philippines and playing a key role in the development of e-commerce in the country which is needed to boost the digital economy,” Cu added.
GCash now has 20 million registered users, overtaking the total number credit card holders and over 63,000 partner merchants nationwide.