There are plenty of actors who talk about the unbanked and financial inclusion but there is only one company operating in the Philippines that is active in doing the hard work it takes to reach this clientele. And that company is PIL; walking the walk and not just talking the talk.
By definition the unbanked are not on any database so they are not easy to reach. PIL's network of Bizmoto agents and riders is the PERFECT, and I mean PERFECT, business model to reach the 70 million unbanked in the Philippines.
This deal with Turnkey is so so sweet as management of the bizmopay back end was always going to be a challenge....and now it's all sorted.
Before long, every business in the Philippines that has aspired to connecting with the unbanked but has been unwilling to do the hard yards it takes to achieve that will be clambering all over PIL to get a piece of the action.
PIL Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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