Philippine e-payment apps bank on Alibaba and Tencent for growth

Chinese tech groups bring tried-and-true incentives to cash-loving country

20181221 Philippine 2

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

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.

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