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Showing posts from October, 2024

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