Digital platform leaders pledge support for MSMEs, nano-preneurs

At a glance

  • Digital platforms leaders say the Philippines needs to improve ease-of-doing-business for small businesses and infrastructure and connectivity.

  • Concepcion says digital technology will make the Philippine economy more inclusive.

Leaders in the digital platforms industry in the Philippines met with Go Negosyo last May 19 to discuss how digital technology can aid the country's micro, small, and medium enterprises (MSMEs) and even nano-entrepreneurs.

Digital platforms Go Negosyo
INNOVATION - Go Negosyo founder Joey Concepcion holds a discussion with digital platform leaders to discuss aiding small businesses in the country. (Go Negosyo)

In a meeting with Go Negosyo founder Joey Concepcion and senior advisers Dr. William Dar and Josephine Romero, the group explored potential pathways and solutions and gathered insights into digital platforms' challenges in integrating MSMEs into digital services.

"Digital technology will play an important role in making the economy more inclusive," Concepcion said.

He cited, in particular, the Kapatid Angat Lahat sa Agri Program (KALAP) and shared that digital technology will be an essential strategy in achieving competitiveness and raising productivity in the country's agriculture sector.

For their part, the digital platforms expressed willingness to help the MSMEs and cited it as a fast-growing segment.

They shared that the country needs to improve ease-of-doing-business for small businesses, as well as infrastructure and connectivity, especially in the far-flung areas of the Philippines.

Among the digital platforms represented in the meeting were Grab, Angkas, Shopee, Lalamove, Maya, Maya Bank, GCash, Packworks, LaunchGarage, Peddlr, Gentree Fund, Sarisuki, Kickstart Ventures, and Ideaspace. Agri-focused digital platforms Mayani, Agrabah Ventures, and Farm Konek were also in attendance.