Enterprise

Philippine Internet turns 22 today, but it hasn’t aged a lot

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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. 

I can hardly remember when I first hooked up my computer using a prepaid dial-up service — Internet cards were all the rage back in the early 2000’s — but I’m certain my use of the Internet involved a lot of time spent listening to the now-iconic modem handshake tone and waiting, and then more waiting. Oh, how I wish I could get all those idle hours back. (Insert situational GIF here.)

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.

Akamai State of the Internet Report Q4 2015

PH ranks second-worst in terms of average download speed in the Asia-Pacific region

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.

Speed is the metric by which consumers judge ISPs — and this holds true even for the nation with the second-slowest Internet speed in all Asia. Thankfully, more and more broadband companies are learning that lesson, as shown by the recent surge in fiber-network rollouts since the previous year. Akamai estimates around 2 percent of broadband subscribers in the Philippines are able to connect to the Internet at speeds higher than 10Mbps, which represents a triple-digit growth (from a low base) compared to the same period a year ago. So what’s the takeaway from all of this? We’re not where we want to be, but the industry is moving somewhat in the right direction, if at a snail’s pace. Which means it could be some time before things get much better.
[irp posts=”7566″ name=”Singapore, S. Korea dominate 4G LTE rankings, Philippines struggles”]
Source: Akamai
Image credit: The Taft Life

Automotive

Michael Josh’s One-on-One interview with John Deere’s CEO

The Tech World’s Most Unassuming CEO

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If you’ve been fond of the GadgetMatch YouTube channel, you would know that Michael Josh has already featured John Deere not just once or twice, but more than that.

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!

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Enterprise

Nokia seeks to kill OPPO’s sales in some countries

Suing the brand for copyright infringement

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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

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Enterprise

Maya cited among 250 promising global fintech firms

The fastest-growing digital bank joins the 2022 CB Insights’ Fintech 250 list

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Maya PayMaya

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

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