Business trendsPhilippine e-payment apps bank on Alibaba and Tencent for growth
Chinese tech groups bring tried-and-true incentives to cash-loving country
A customer scans a GCash QR code at a store in the Philippines. A survey last year found that 46% of bank account holders with internet access hesitated to use e-payments, and 58% feared hacking and data theft. (Photo by Cliff Venzon)
CLIFF VENZON, Nikkei staff writer
December 27, 2018 06:22 JST
MANILA -- In early December, employees of Philippine financial technology startup Voyager Innovations gathered for a town hall meeting to hear from the company's new foreign owners -- including China's Tencent Holdings, which has ambitious plans for the Southeast Asian market.