ICT UPDATE PRESS RELEASE

POSIBLE powers young Filipino entrepreneurs

Posible at Franchise Expo 2018, SMX. Pasay City.

MANILA, PHILIPPINES -– POSIBLE, the country’s leading community digital transactions provider, officially launched an exciting new package aimed towards aspiring young Filipino entrepreneurs.

Dubbed “POSIBLE Generation 2,” the revised business package and all its accompanying features was revealed at the opening of the Franchise Asia Philippines Expo 2018 at the SMX Convention Center in Pasay City.

POSIBLE Generation 2

“We recognize that our millennial entrepreneurs have the drive and the capability to attain their goal of economic independence,” JG Puzon, POSIBLE CEO, said. “We are now offering POSIBLE as a viable alternative for them to achieve that goal.”

POSIBLE Generation 2 offers a significantly upgraded Device package from its previous counterpart. Its centerpiece is a sleeker Device capable of more digital transactions than ever before.

More possibilities for business growth

The second-generation POSIBLE machine 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.

With its larger touchscreen display, POSIBLE Gen 2 now offers inventory management for small and medium businesses. It is now also possible to create and implement loyalty and rewards programs—tools essential for growing existing and start-up businesses.

On top of this is the opportunity to own and operate an online retail store, right within the Device itself. The POSIBLE SHOPBOX feature offers access to a variety of online and traditional retailers and instantly converts a business location into an online shopping hub for the community.

“What we want for this new generation of POSIBLE Devices is to give our young entrepreneurs the tools they need to succeed in the marketplace,” Puzon added. “Giving our second generation package more customer-friendly features means more possibilities that we can offer kanto-preneurs and micro-syantes not only in the future, but even today. Of course this new feature will also be available to our existing Ka-POSIBLEs using the first-generation Device.”

Empowering young entrepreneurs

The current trend of young professionals establishing their own ventures alongside their day jobs or quitting work altogether to be full-time entrepreneurs recently reached an all-time high when five young Filipinos made it to the Forbes “30 Under 30 Asia,” a prestigious list of 300 young entrepreneurs, innovators, and disruptors from 24 countries.

It is this generation of business-minded people that Puzon and POSIBLE hopes to tap in their overall aim of reaching the unbanked communities across the country. Currently, the Bangko Sentral ng Pilipinas (BSP) pegs this number as up to 36 percent of towns and cities in the Philippines that still do not have access to banks or payment centers.

POSIBLE at Franchise Asia Expo 2018

“With their energy and optimism, we want to partner with young entrepreneurs so we can achieve the vision of a financially-inclusive Philippines,” Puzon said. “Their business acumen and digital-savvy will help connect more Filipinos to an increasingly digital financial system.

“More so, with POSIBLE SHOPBOX we want to enable the Filipino consumer in the barrio to enjoy online retail shopping, connecting them to the digital economy and spurring local economic growth,” Puzon added.

For its efforts in making financial inclusion happen in the Philippines, POSIBLE was recognized as one of the Top 15 ventures in Asia at the DBS-NUS Social Venture Challenge held in Singapore last September 2017.

Currently, POSIBLE offers more than 300 digital services to over a million Filipino consumers and has already generated close to P5 billion worth of transactions. With over 2,000 retailers nationwide to date, POSIBLE is on-track to achieve its goal of connecting every Philippine town and city to the digital economy within the next five years.

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