Digital solutions provider Globe said that they continue to expand its beyond-telco initiatives with a growing portfolio of digital companies, leading to record-high non-telco revenues of ₱4.2 billion in 2022 from ₱2 billion the previous year.

According to Globe, this was mainly due to the outstanding performance of Electronic Commerce Payments, Inc. (EC Pay), Yondu, and Asticom Group of Companies.

“We are proud of the progress we have made in our non-telco initiatives. Our commitment to delivering innovative digital solutions has allowed our portfolio companies to be at the forefront of disrupting traditional industries, providing more opportunities and value to our stakeholders,” Globe Group President and CEO Ernest Cu said.

It said that ECPay reported significant growth in digital merchant partners as many Filipinos shifted to digital channels.

It has a general trade retail base of 423,761, exceeding its target of 400,000. Top-notch IT solutions company Yondu provides Philippine businesses with cloud services and software development, among other innovative technology solutions.

Asticom, a tech-enabled shared and outsourcing services company, now manages more than 5,000 employees from a mere five employees in 2015 and serves over 200 clients from all over the country.

It now operates as the Asticom Group of Companies with four subsidiaries: Asti Business Services Inc. (ABSI), HCX Technology Partners Inc. (HCX), Fiber Infrastructure and Network Services Inc. (FINSI), and its newest venture, Acquiro Solutions and Tech Inc.

Globe’s venture into digital solutions through 917Ventures has also produced remarkable results with GCash, the only Philippine unicorn valued at over $2 billion.

GCash sustains its market leadership with 76 million registered users, 5.8 million merchants, and 855 GLife merchant partners.

It has pioneered and scaled digital financial services, including loans, credit, savings, and insurance, disbursing over ₱57 billion in loans to 2 million unique borrowers.

Telehealth service providers KonsultaMD, HealthNow, and AIDE, the three largest players in the digital healthcare industry, last year consolidated to uplift the healthcare journey, providing easy, reliable, and affordable end-to-end patient care. It now has a base of 2 million users and is available in over 50,000 retail outlets nationwide.

AdSpark and RUSH have also seen impressive growth and success. AdSpark, the award-winning and largest local ad-based data-powered digital media and creative agency, has launched more than 3,100 digital campaigns.

Loyalty and e-commerce provider RUSH has made it to the Top 10 e-commerce solutions companies for 2022 of APAC CIO Outlook, the only Philippine firm on the index. RUSH has an aggregated base of over 6 million registered users across 7,000 locations nationwide, proudly serving more than 1,000 merchant partners for its e-commerce solutions.

CURRENPH NEWS SERVICE