Globe Telecom Inc. makes progress in its desired transformation from Telco to Techco as its non-telco revenues soared 52 percent to ₱2.8 billion in the first half of 2023 versus the same period last year.

From its core telco business, Globe has expanded its portfolio through ventures in financial technology, healthcare, edutech, climatech, entertainment, adtech, e-commerce, manpower, information technology services and investments.

Still, GCash remains as the flagship of its non-telco business. 

The mobile wallet is "five times larger than the next e-wallet", based on statistics from third party provider data.ai.

GCash features the largest digital ecosystem in the country with 6 million merchants and social sellers and over 900 merchant partners hosted in GLife.

Its suite of digital financial services, covering savings (via GSave), investments (via GFunds and the recently launched GStocks and GCrypto), and insurance products (via GInsure).

Backed by its proprietary trust platform and credit scoring via GScore, GCash has provided access to credit to over 3 million borrowers, so far.

Of this total, more than 60 percent are from lower socio-economic classes and over 60 percent are women.

Lending products under the GCash financial app cover credit lines (GCredit), cash loans(GLoan) and buy-now-pay-later (BNPL, viaGGives).

GCash has even gone beyond the nation’s borders and now offers payments in 13 countries through GCash Global Pay.

After GCash, Globe is pushing its healthcare business.

KonsultaMD can potentially become as big as its mobile wallet and be the country’s next unicorn.

Almost half of Philippine barangays have no health centers. KonsultaMD provides accessible healthcare to Filipinos through a one-stop health superapp.

“KonsultaMD fulfills Globe's shared vision of providing healthcare for all. We think this can be the healthcare Super App that Filipinos will use around the country for services, diagnostics, and medicine delivery,” says Globe Group President and CEO Ernest L. Cu.

Late last year, Globe consolidated KonsultaMD with HealthNow and AIDE, creating the country's largest telehealth concern, with the largest user base of over 2 million.

The consolidation brought together KonsultaMD’s expertise in on-demand doctor consultations, HealthNow’s strength in medicine delivery, and AIDE’s mastery of providing health services at home. 

Todate, the new KonsultaMD SuperApp offers the full healthcare experience from 24/7 doctor consultations, pharmacy, to diagnostics at-home. 

With over 1,000 healthcare providers, 40+ specializations, and more than 1,000 pharmacy offers, KonsultaMD serves Filipinos nationwide in 16+ dialects.

Both GCash and KonsultaMD fall under Globe’s wholly-owned corporate venture builder, 917Ventures.

The latter has a diverse portfolio ranging from adtech and tutorial providers to a pet care and lifestyle marketplace.

Its adtech company AdSpark, the largest locally ad-based data powered digital media and creative agency whic launched more than 3,100 digital campaigns, so far.

Loyalty, and e-commerce solutions provider RUSH has over 5 million registered users and 1400 merchant partners.

M360, the largest A2P multi-channel messaging platform, sends messages to over 700 partner network operators in 190 countries via SMS or chat apps and generates over 1.1 billion average monthly traffic.

iNQUiRO offers data-driven products and solutions to create value for enterprises and their customers; 

DeepSea, an ad tech company, enables programmatic advertising capabilities that power agencies, advertisers, and publishers for millions of audiences and various unique audience segments.

EdVenture, an online tutorial platform, connects vetted tutors with K-10 students for private one-hour sessions for Math, English, Filipino, and more.

Edventure now has over 1 thousand active tutors onboarded, almost 10 thousand paid learning sessions and around 10 thousand registered parents.

KodeGo, a study now, pay later tech school, offers bootcamps on different online IT courses plus company matching support. Todate  it has  over 1,200 graduates more than 200 placements.

The Globe Group also includes Electronic Commerce Payments (ECPay) Inc., which now has a general trade retail base of 462,947, exceeding their target of 456 thousand.

Globe's corporate venture capital arm, Kickstart Ventures, is one of the most active venture capitalfirms in the Philippines. 

Kickstart manages two funds for Globe and advises the $180 million Ayala Corporation Technology Innovation Venture (ACTIVE) Fund, the largest fund to come out of the Philippines. 

Out of these three funds, Kickstart now has 63 investments in 9 countries, backing 131 founders.

Finally, Asticom is a tech-enabled shared services and outsourcing company which currently serves over 200 clients in a wide range of industries and employs over 5,000 people nationwide.