A glimpse at 5G entertainment in the Philippines
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Commercially available 5G is expanding across the Philippines, raising the connectivity bar on consumer entertainment just like industrial use cases
Until very recently, wireless internet coverage was not the best in the Philippines, but the situation is changing swiftly since 5G connectivity has been progressively introduced on the archipelago over the past couple of years.
Like the rest of Southeast Asia and a big segment of the developing world, internet accessibility and all the advantages of being a part of the connected ecosystem in the Philippines is driven by the availability of affordable smartphones and accessible pricing for data plans.
Is Asia leading the fintech revolution in banking?
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Asia has grown into one of the hotspots of the fintech revolution
The large unbanked population and its openness to new technologies drive the proliferation of the fintech ecosystem
All over Asia, financial technology or fintech is catching on. From fast-growing economies, like China and India, to mature markets, like Australia and Japan, advanced fintech systems in banking are rapidly becoming part of the fabric of everyday life.
In every market where consumers have smartphones – and, in Asia, the majority do – people are gaining access to a growing range of virtual financial services, and at a faster rate than in most of the world’s other markets.
5G will be a crucial strategic tool for Philippines businesses
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The connected Archipelago – 5G adoption is an “important strategic business direction” for businesses in the Phillippines
5G has been the most anticipated development in consumer and enterprise telecommunications over the past few years, and with 5G rolling out in select parts of the Philippines, the country has become an unexpected frontrunner for the next-generation connectivity standard in Southeast Asia.
Between commercial 5G services aimed at businesses and those targeting the average consumer, it is safe to say that the high speed, low latency benefits of the connectivity standard will be more enticing for enterprises in the immediate future.
Alibaba and Shopee heading for e-commerce faceoff in Vietnam
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2 Asian e-commerce titans, SEA Group’s Shopee and Alibaba-backed Lazada, are going to war, and Vietnam’s crowded marketplace is the battleground
Vietnam is considered the fastest-growing digital economy in Southeast Asia, and the Vietnamese e-commerce market is emblematic of that tech-propelled growth. Even before the pandemic set in last year, Vietnam’s e-commerce market was already set to reach US$15 billion in profits.
Vietnam has faced an accelerated digital transformation journey, being classified as a digital nation within just three years of aspiring towards that goal. The nation has quickly embraced a host of transformative initiatives, from exploring smart city implementation in its urban hubs to looking into sustainable energy output to already turning out commercial 5G applications.