Today marks the 22nd anniversary of the Philippines’ connection to the World Wide Web, which might set off waves of nostalgia for some of you who may be old enough to remember the infancy of Internet culture in the country.
But enough about me, let’s talk about how where the Philippines is right now in terms of Internet adoption. Spoiler alert: Things don’t look rosy if the latest State of the Internet Report by networking-services company Akamai Technologies is to be believed. In fact, judging by how local Internet service providers have performed the past quarter, you could argue that the Philippines hasn’t matured enough with time. Which is a bit like saying the rest of the world has moved on to HTML5, whereas we’re still collectively living in the Adobe Flash Player era. Or that we’re rooting for Michael Jordan and the 90’s Chicago Bulls to win the NBA championship in 2016.
The Philippines, based on Akamai’s Q4 2015 survey, has the second-worst average broadband connection speed in the Asia-Pacific region, barely besting only India (3.2Mbps vs. 2.8Mbps). The country’s peak download speed of 27Mbps also trails most of its Asian neighbors, with only China and India faring worse. On a slightly positive note, the numbers have improved drastically year-over-year, which might indicate better days are ahead. Or at least I’d like to think so, what with the proliferation of residential fiber-broadband access and increasing competition between service providers. And I don’t mean the kind of competition that’s led to Australian telecom giant Telstra waving the white flag on a joint venture with San Miguel Corporation, as unfortunate as the situation with the local telecom industry is.
Michael Josh’s One-on-One interview with John Deere’s CEO
The Tech World’s Most Unassuming CEO
But unlike the past videos, MJ traveled to Moline, Illinois for a rare sit-down interview with John Deere’s CEO, John C. May.
In his first major chat assuming the role in 2018, he opens up about he’s ushering in John Deere’s technological revolution, and how he believes as a tech company, John Deere can help solve the world’s food problem.
In this video, let’s meet the Tech World’s Most Unassuming CEO together with Michael Josh!
Nokia seeks to kill OPPO’s sales in some countries
Suing the brand for copyright infringement
OPPO remains one of the most ubiquitous smartphone brands today. Especially in Asia, the Chinese smartphone brand has appealed to users of all segments. However, a new controversy is seeking to cut off the brand’s sales from where it is popular. Nokia is suing OPPO, potentially leading to the brand disappearing in some countries.
According to sources, Nokia is seeking penalties for the smartphone brand for allegedly breaching copyrights on registered technology. The technology in question includes those that cover 4G and 5G connectivity. The two have previously agreed to a deal in 2018, but the agreement expired in 2021.
Initially, Nokia chased after OPPO in Germany for the same infringements back in July. The former won the case. As a result, Germany ordered OPPO to stop selling devices in the country. Now, Nokia is suing the brand in other countries in Europe and Asia. Should the company win in the same fashion as in Germany, OPPO might potentially lose its market in the said countries.
To be clear, Nokia itself is suing the brand, rather than HMD Global, the company normally affiliated with Nokia’s current slate of smartphones. The smartphone company is mostly in charge of bringing the brand’s smartphones to the world.
SEE ALSO: Nokia and ZEISS have broken up
Maya cited among 250 promising global fintech firms
The fastest-growing digital bank joins the 2022 CB Insights’ Fintech 250 list
Maya (formerly PayMaya) has just been cited as one of the top 250 promising global fintech firms, according to CB Insights.
The company was named alongside an elite international roster in CB Insight’s fifth-annual Fintech 250 ranking: digital banks Revolut and N26; PayPal-backed payment processor Stripe, merchant platform Pine Labs, and crypto platform Binance.
Maya, through its parent company Voyager Innovations, was recognized due to its strong record of execution, taking the crown as the only platform with an all-in-one money app, leading merchant payment processors, extensive MSME on-ground network, and being the fastest-growing digital bank in the Philippines.
“We are proud to be recognized alongside other trailblazers in the global fintech space. Being on this list validates our thrust of providing an integrated experience to our customers through our comprehensive digital financial ecosystem. It is also a testament to the world-class organization that we’ve built,” said Shailesh Baidwan, Maya Group President and Maya Bank Co-Founder.
One of the 250
Over 12,500 private companies that include applicants and nominees, CB Insights selected Maya as one of the 250 winners. The criteria for winning were chosen based on factors such as R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty.
“This year’s Fintech 250 winners are shaping the future of financial services, from payments and banking to investing and insurance,” said Brian Lee, SVP of CB Insights’ Intelligence Unit.
“Representing more than 30 countries, these companies are creating safer and more efficient payment methods and transforming how traditional banking, insurance, and investing products are delivered.”
A successful rebrand
After its successful rebranding, the company has expanded beyond payments, introducing game-changing digital banking innovations across its unique ecosystem of 51 million consumers and network of 1.2 million MSMEs.
In just three months after its launch, Maya Bank became the fastest-growing digital bank in the Philippines, smashing records by recording over PHP5 billion in deposit balance and over 650,000 bank customers in just three months after its launch.
Furthermore, Maya Bank is the only digital bank to offer loan products within a quarter from its launch. It was able to scale fast because it leveraged the ready pool of rich transactional data from its payments business.
Moreover, Maya became the second tech unicorn in the Philippines in March 2022. The company was backed by global investors including KKR, Tencent, International Finance Corporation, IFC Emerging Asia Fund, IFC Financial Institutions Growth Fund, SIG Venture Capital, EDBI, First Pacific Company, and PLDT. END
Globe launches GPlan 2499 for new Huawei Mate 50 Pro
Samsung Black Friday Cyber Monday sale back in Singapore
PMC’s film-making contest lets you win an iPhone 14
Trip to Boracay awaits lucky vivo Y22s, V25 buyer
What to expect from Apple Music, TV+ and Arcade this Christmas
realme 10 review: It’s a 10!
LOOK: The 2023 Starbucks Traditions is here!
Xiaomi 12, Redmi Note 11, and more get discounts for 11.11
RAM Explained: The Unsung Hero of Smartphones
Lenovo Legion Slim 7i 2022: Slimmer with no compromises
Features1 week ago
Get Google Apps on your Huawei Mate 50 Pro
Gaming2 weeks ago
OPPO created a game to show off Snapdragon 8 Gen 2
Features2 weeks ago
Taking the vivo V25 Pro on a date night in Boracay island
Gaming2 weeks ago
The Witcher 3 will ship out free next-gen update
Deals1 week ago
PlayStation Black Friday 2022: Buy select titles, controllers for less
Entertainment2 weeks ago
HONOR Magic4 Pro: My Best Concert Companion
News2 weeks ago
Samsung unveils new Pokémon-themed accessories
Apps2 weeks ago
Netflix will now let you kick people from your account