- POSIBLE sees bright prospects in 2019 with new offerings
- Filipino Fintech Company Teams Up with Celebrity MomPreneur Neri Naig-Miranda
POSIBLE, the country’s leading community-based digital transactions provider, announces its partnership with celebrity mommy blogger Neri Naig Miranda at the Phoenix National Convention held at the Marriott Hotel.
With its “POSIBLE Generation 2,” the revised business package and several new features like the Shop Box, Neri is the first celebrity/mompreneur who will help the general public gain awareness and understanding about the business opportunities afforded by POSIBLE. Among her many business ventures are Neri’s Gourmet Tuyo, Ang Paboritong Suka ng Asawa Ko, Very Neri’s Sleepwear and Neri’s Bakeshop.
“Neri is the perfect Ka-POSIBLE retailer that can help business-minded moms, young professionals and millennials alike who have the drive and the capability to attain their goal of economic independence,” JG Puzon, POSIBLE CEO, said. “And, with the new features of the POSIBLE 2.0. we are a viable alternative for them to achieve that goal.”
POSIBLE Generation 2 offers a significantly upgraded device package from its previous counterpart. Its centerpiece is a sleeker Device capable of more digital transactions than ever before.
More possibilities for business growth
The second-generation POSIBLE machine offers the usual repertoire of its comprehensive services including utility bills payment, select government fees, money services, micro-insurance, mobile loading, online gaming credits, and ticketing.
With its larger touchscreen display, POSIBLE Gen 2 now offers inventory management for small and medium businesses. It is now also possible to create and implement loyalty and rewards programs—tools essential for growing existing and start-up businesses.
On top of this is the opportunity to own and operate an online retail store, right within the Device itself. The POSIBLE SHOPBOX feature offers access to a variety of online and traditional retailers and instantly converts a business location into an online shopping hub for the community.
“What we want for this new generation of POSIBLE device is to give our young entrepreneurs the tools they need to succeed in the marketplace,” Puzon added. “Giving our second-generation package more customer-friendly features means more possibilities that we can offer kanto-preneurs and micro-syantes not only in the future, but even today.
New generation of kanto-preneurs
According to the 2016 List of Establishments of the Philippine Statistics Authority (PSA), the Philippines has a total of 915,726 business enterprises operating nationwide. This was 1.64% more than the 900,914 business establishments reported in 2015. Micro, small and medium enterprises (MSMEs) account for 99.57% (911,768) of the total establishments, of which 89.63% (820,795) were microenterprises, 9.50% (86,955) were small enterprises, and 0.44% (4,018) were medium enterprises. Large enterprises made up the remaining 0.43% (3,958).
It is this generation of business-minded people that Puzon and POSIBLE hopes to tap in their overall aim of reaching the unbanked communities across the country. Currently, the Bangko Sentral ng Pilipinas (BSP) pegs this number as up to 36 percent of towns and cities in the Philippines that still do not have access to banks or payment centers.
“With their energy and optimism, we want to partner with young entrepreneurs, so we can achieve the vision of a financially-inclusive Philippines,” Puzon said. “Their business acumen and digital-savvy will help connect more Filipinos to an increasingly digital financial system.
“More so, with POSIBLE SHOPBOX we want to enable the Filipino consumer in the barrio to enjoy online retail shopping, connecting them to the digital economy and spurring local economic growth,” Puzon added.
For its efforts in making financial inclusion happen in the Philippines, POSIBLE was recognized as one of the Top 15 ventures in Asia at the DBS-NUS Social Venture Challenge held in Singapore last October 2017.
Currently, POSIBLE offers more than 300 digital services to over a million Filipino consumers and has already generated close to P5 billion worth of transactions. With over 2,000 retailers nationwide to date, POSIBLE is on-track to achieve its goal of connecting every Philippine town and city to the digital economy within the next five years.