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Visa launches second transit project in the Philippines, continues to collaborate with Good Transport and GHL to enable contactless payments in Bacolod City

Visa, a global leader in digital payments, has partnered with Good Transport Solutions Inc. (GTSI), a transit mobility solutions provider, and GHL, a leading nationwide payment service provider and payment acquirer, to enable the use of Visa cards for payments on modern jeepneys in Bacolod City. This marks Visa's second transit project in the Philippines, following its first transit project launch in Cebu. Today, Visa unveiled this initiative during the annual MassKara Festival, together with representatives from GTSI, GHL, and EastWest Bank, featuring 45 modern jeepneys equipped with Visa payment terminals. Passengers can now enjoy seamless, cashless transactions by tapping their Visa cards. The modern jeepneys also feature bus wraps promoting the EastWest Pay app, allowing users to link their EastWest Visa credit cards to Android smartphones for easy tap-to-pay purchases. Jeff Navarro, Country Manager for Visa Philippines, said: "We are thrilled to launch our second transit

Igloo on Driving Insurance Growth in the Philippines Through End-to-End Digitalization

   End-to-end digitalization of insurance is becoming a crucial strategy to boost insurance penetration in the Philippines, especially as recent data indicates a decline in coverage across the country. In 2023, insurance penetration in the Philippines sank to 1.6%, lower than the 1.73% recorded in 2022. This decline highlights the urgent need for innovative solutions to make insurance more accessible and appealing to a broader population. Igloo, a regional insurtech, addresses low insurance penetration by leveraging technology and partnerships to streamline operations across the entire insurance value chain–from insurance and intermediaries to consumers. By digitalizing processes throughout the ecosystem, Igloo enables faster, more efficient services, seamlessly integrating insurance into everyday digital interactions such as e-commerce and travel bookings. driveEmpowering Intermediaries with a Digital Platform One key aspect of this digital transformation is the creation of digital

Stronger Together: The Intertwined Relationship Between Mental and Physical Health

As we approach World Mental Health Day on October 10, an international day for raising awareness on mental health, LAC Philippines is highlighting the inseparable connection between mental and physical health. As we strive for a healthier life, it's crucial to recognize that these two aspects of well-being are intricately intertwined. The Mental Health Crisis in the Philippines Mental health conditions are a global concern, affecting approximately one in eight people worldwide as reported by the World Health Organizations (WHO). In the Philippines, according to the National Statistics Office (NSO) mental health illnesses rank third in terms of morbidity. Studies also indicate that stress, anxiety, and depression are prevalent mental health issues in the country. These statistics underscore the need to prioritize mental health and seek support when needed. The Relationship of Mental Health and Physical Health Mental health conditions can significantly impact physical health. Accor

SM City Baguio's rainwater treatment facility: A model for water sustainability

SM City Baguio is making significant strides in water stewardship with its innovative rainwater treatment facility (RTF), launched in July 2023. In the months since, the facility has already processed over 17,111.80 cubic meters of rainwater – equivalent to 7 Olympic-size swimming pools, or enough to fill over 6,800 standard water tankers – into potable water for the SM mall’s operations and for their lessees’ use. SM City Baguio's groundbreaking rainwater treatment facility has treated over 17,000 cubic meters of rainwater into drinkable water. This initiative supplements the mall's water supply from the Baguio Water District and significantly contributes to the city's water security and the safety of its residents. Located at the mall’s basement level, the RTF provides 30% of the mall’s total monthly average requirement for clean water that is safe for consumption and food preparation. "There is a critical need for reliable and safe water sources," said B

SM Prime: Engineering a sustainable future

  SM Prime leads the way in sustainable development, integrating sustainability into its core business strategy. Sustainability has become a driving force across every industry. For SM Prime Holdings, Inc. (SM Prime), one of Asia’s leading integrated property developers, sustainability is elevated through a strategic framework that leverages the company’s extensive operations, significant economic impact, and cultural influence. SM Prime’s sustainability journey began in the 1990s, guided by a focus on resilience and practicality. The company has always valued substance over style, favoring strategies grounded on real-world application rather than flashy, short-term fixes. Its strategy is built on what truly matters to the business and the community it serves, ensuring that its sustainability efforts are both effective and enduring. In its 2023 Annual Integrated Report, SM Prime introduced its Sustainability Ambition Roadmap with a clear and powerful message: Together for a sustainabl

Create waves of positive change with SM at the 2024 International Coastal Clean-Up

  The International Coastal Clean-Up (ICC) is back for another year and is shaping up to be the biggest one yet, taking place simultaneously on September 21 in 15 different SM Supermalls across the country: SM By the Bay at SM Mall of Asia Complex, SM Tuguegarao Downtown, SM City Tuguegarao, SM City Bataan, SM City Olongapo Central, SM City Olongapo Downtown, SM City Sorsogon, SM City Legazpi, SM Daet, SM City Puerto Princesa, SM City Roxas, SM City Cebu, SM City Seaside Cebu, SM City Mindpro, and SM City General Santos. Together, we can make a significant impact on our oceans and create a cleaner, healthier environment for all. In 2023, SM Cares recorded more than 100,000 kg of trash collected with the help of an estimated 17,000 total volunteers from 15 SM Supermalls nationwide. This year, in celebration of its 20th year of supporting communities and creating a positive impact on the environment, SM Cares aims to double the amount of solid waste collected to 200,000 kg, eyeing a volu

Embracing net zero: The Philippines' urgent call to climate action

  SM Supermalls have enhanced natural lighting and improved insulation, reducing energy needs for lighting, heating, and cooling, leading to more efficient and environmentally friendly operations. As we enter the typhoon season, recent extreme weather events have once again underscored the Philippines' vulnerability to such conditions. As the nation grapples with the potential aftermath, it is clear that being part of the global conversation on achieving net zero emissions is imperative. This typhoon has highlighted the urgency for the Philippines to be an active participant in the fight against climate change, not only to mitigate future impacts but to also contribute to global solutions. The concept of net zero refers to balancing the amount of greenhouse gases emitted with an equivalent amount removed from the atmosphere. For the Philippines, a country frequently in the crosshairs of severe weather, achieving net zero is a crucial step towards enhancing climate resilience. The r