Additionally, buyers feel the need to ensure quality by physical inspection and like the comfort of dealing with known vendors. Lack of trust from Filipinos in the IT and banking infrastructure makes for low levels of trust and confidence in paying online. RELATED: The Future of E-Commerce in Asia-Pacific Low banking and credit card penetration in the Philippines has been a factor hindering the growth of e-commerce in the country, with the most used form of payment being cash-on-delivery. The committee, which began investigating the country’s slow internet speeds following a resolution filed by Senator Bam Aquino, aims to analyze the impact of lagging internet network development on doing business in the Philippines. In a hearing of the Senate Committee on Trade, Commerce and Entrepreneurship, Senator Loren Legarda also expressed a common concern about the unreliable and expensive Internet in the country. In response to these concerns, Smart Communications, a wholly owned mobile phone and Internet service subsidiary of the Philippine Long Distance Telephone Company (PLDT), has begun increasing 4G coverage throughout the country, with a target of providing internet speeds of 7.2 Mpbs in all towns and cities by the end of the year, according to their head of public affairs, Mon Isberto. RELATED: Japan and the Philippines Join to Develop Information and Communication Technologies These slow internet speeds, combined with patchy mobile coverage, have led to frustration among smartphone and computer users alike. This is far below the regional average of 12.4 Mbps and the global average of 17.7 Mbps.
#APPTIVATE PHILIPPINES FULL#
In practice, however, there are a number of key problems that must be addressed before the Philippines’ e-commerce market can reach its full potential.Īccording to recent estimates, the Philippines has the slowest internet speed in the entire ASEAN region, with a mere 3.6 Mbps. On paper, the Philippines has all the key ingredients necessary to transform the country into an emerging tech tiger: a fast-growing middle class with money to spend, low labor and operating costs, and a 100-million strong, largely English speaking, population addicted to social media. The Philippines also performs considerably well in terms of logistics, where foreign companies such as FedEx and DHL have consistently lowered prices while streamlining the delivery of consumer goods.Ĭonsiderations such as these should play a central role in any foreign investors’ strategic plan, and ultimate decision, to enter into the country’s e-commerce market. This is in stark contrast to the export-driven economies seen in much of Asia. Recent figures indicate that over 70 percent of the Philippines’ GDP comes from consumption. Several key characteristics of the Filipino economy present an especially lucrative market for online sales. This alone is a critical advantage for foreign online retailers: companies entering the market have significantly less work to do in adapting their sites to the local language, culture and market.Ī, for example, ranks among the top 20 most visited sites among Filipinos, despite having no local presence in the country.įilipinos are also the biggest users of social media worldwide, and the most common activities completed on smartphones in the country include posting frequent status updates and checking news feeds. The total number of internet users in the Philippines, an estimated 37 million people, makes the country the single-largest English-language online market in Southeast Asia. The country stands out from other ASEAN countries for having the fastest growing Internet population in the world, with 531 percent growth over the last five years. The Philippines is quickly becoming one of the hottest e-commerce markets in the ASEAN region.
Despite this, some foreign investors believe they may have spotted an opportunity that could turn the country into Asia’s next tech tiger.
Ronak Jain and Rajesh Parupalli are presently associated as directors.The Philippines may have the fastest-growing economy in Southeast Asia, but it also has the slowest internet speed in the region. Ronak Jain and Ra.Ģ Directors are associated with the organization. It's a company limited by shares having an authorized capital of Rs 1.00 lakh and a paid-up capital of Rs 1.00 lakh as per MCA.Ģ Directors are associated with the organization. The Company's status is Active, and it has filed its Annual Returns and Financial Statements up to (FY 2020-2021). Its registered office is in Bangalore, Karnataka, india. Apptivate Solutions Private Limited is a 1 year 8 months old Private Company incorporated on.
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