Major Philippines’ Telco Banks On Rapid Digital Services Uptake, CEO Says

Philippine telecommunications conglomerate Globe Telecom Inc. is ramping up expansion of its e-wallet unit and online medical business by capitalizing on the widespread adoption of digital services in the Southeast Asian nation, the firm’s chief executive told Caixin.

The uptake of digital services for transactions surged during the Covid-19 pandemic — especially in the fintech, medical, and healthcare sectors — and the trend has continued even after the Philippines relaxed virus controls, Globe Telecom President and CEO Ernest Cu said in an interview on the sidelines of the Asia New Vision Forum in Singapore Monday.