Manila, Philippines, April 17, 2023–(BUSINESS WIRE)–Globe, the Philippines’ top digital solutions platform, has partnered with Singapore-based Proxtera, a leading operator of SME Financial Empowerment (SFE) programs and the Philippine Trade Training Center – Global MSME Academy (PTTC-GMEA). ), the training arm of the Department of Trade and Industry, to champion the SFE program, which offers online courses designed to provide financial literacy and skills to micro, small and medium enterprises (MSMEs) nationwide. The digital economy.
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Philippines’ leading digital solutions platform Globe, Singapore-based Proxtera, and the Philippine Trade Training Center – Global MSME Academy (PTTC-GMEA), the training arm of the Department of Trade and Industry, recently launched a partnership to champion financial literacy education. Among MSMEs, which make up the bulk of enterprises in the Philippines. In photo (LR): Agnes Padilla, Head of Marketing at UnoBank; Miguel Bermundo, Globe’s Head of Stakeholder Engagement and Management; Philippine Department of Trade and Industry (DTI) Assistant Secretary Glen Penaranda; Philippine Trade Training Center (PTTC) Executive Director Nellie Nita Dillera, Proxtera Director of Strategy Felix Tang; and Rajan Uttamchandani, Chairman and CEO of Esquire Financing, Inc. (Photo: Business Wire)
Globe’s partnership with the SFE program includes supporting the production of localized content for Philippine MSMEs and extending free passes to its network of MSMEs. This March, free passes were also extended to women-owned businesses celebrating National Women’s Month.
By investing in the SFE program, Globe is committed to supporting the growth and development of MSMEs in the Philippines, regardless of their location.
“We are excited to bring the SME Financial Empowerment Program to micro and small business owners in the Philippines. Through this partnership, we aim to empower local MSMEs with the tools and knowledge they need to thrive and succeed. We believe this program can make it a success. have a significant impact on the lives of Filipino entrepreneurs and contribute to overall economic development,” said KD Dijon, Group Head, Globe Business, MSME Group.
“Since 99.5 percent of Filipino businesses are MSMEs, we need to help them become the best they can be. By unleashing their potential – especially in the era of the digital and cross-border economy, and teaching them how to innovate, we are. How to help them become financially resilient also teaches,” said PTTC-GMEA Executive Director Nellie Nita Dillera.
Saurabh Bhattacharya, CEO of Proxterra, said: “We are excited about our partnership with GLOBE, which will allow us to expand our reach to more MSMEs in the Philippines and provide local content that meets the needs of businesses in the Philippines. Our collaboration with PTTC-. GMEA to build and nurture small businesses and It aligns with our commitment to help them thrive in today’s challenging economic environment.”
SFE is a comprehensive and globally focused initiative by the Monetary Authority of Singapore (MAS), the International Finance Corporation (IFC), and the United Nations Development Program (UNDP). It aims to build basic digital literacy and a better understanding of cross-border financial services relevant to MSMEs.
PTTC-GMEA is the official training partner of the SFE program in the Philippines with the Global FinTech Institute as the educational partner.
The SFE program in the Philippines currently offers three courses aimed at MSMEs looking to expand their businesses and benefit from digital markets and network effects. These courses provide valuable financial literacy insights and decision-making skills, which allow MSMEs to take informed decisions and achieve their business goals.
The Basic Financial Literacy course covers basic financial concepts, financial discipline for success, and starter financial services options. It aims to provide learners with the necessary knowledge on how to manage their finances effectively.
On the other hand, the Global Financial Literacy course delves deep into important financial literacy principles and provides guidance on expanding your business into new markets, adopting new digital financing options, and utilizing digital networks.
The newest addition to the SFE program is the Green Financing for SMEs course, which emphasizes the importance of sustainable development for SMEs. It covers green versus traditional financing and provides learners with tools and options to incorporate green financing into their business operations.
The courses consist of a series of modules with videos of industry experts explaining various concepts followed by a short quiz. Each module has a content summary downloadable as a PDF so users can refer to it as an additional resource.
To get started, interested parties can visit smefe.org, which is accessible via the web and can be downloaded as an app for Android and iOS. They can register for the course on the dashboard and start by watching videos and answering questions. After completing the course, users will receive an instant certification certificate.
To learn more about Globe, visit www.globe.com.ph.
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