[Virtual] Philippine Tech Market Opportunities

Overview

This 1-hour virtual event will provide an overview of the considerations for doing business in the Philippines, particularly in the tech industry. Further, the event aims to provide an in-depth discussion on FinTech, Remittances, Open Finance, Cybersecurity, and InsurTech, as well as the business/regulatory environment in the country.

The Philippine Government is proactively pushing towards the new eGovernance framework, which aims to enable government agencies in streamlining and improving their services for Filipinos, through the eGov Super App, eGovPay for e-payment, e-Travel, and eGOVcloud.

Join us to learn more about Philippine tech market opportunities, and gain insights into the government and

private sector’s thrust towards the digital transformation of the country!

Fun Facts

• The average Filipino spends almost 11 hours online on a daily basis, and 68% of the total population of the Philippines are internet users. More interestingly, 82% of the total population are present on social media platforms!
• The Philippines is leading in e-wallet & Fintech adoption with over 58 million active users as of end-2022. The number of unique, active e-wallet users in the country is expected to increase reach 81 million by 2025!
• The Philippines is actively strengthening the cybersecurity capabilities of both the public & private sectors! The country aims to enhance its capacity to deter & respond to cyber-attacks, as well as to ensure the continuous operations of its critical infrastructure, public and military networks despite attacks. 
• As early as 2019, the Philippines had already crafted the Philippine Artificial Intelligence Roadmap.
• The Philippine Department of Trade and Industry reported that 62% of Philippine consumers are ready for AI adoption! AI in the country applies to many industries, such as InsurTech, Financial Services, Cybersecurity, and more.

Event Details

The ICT sector is one of the Philippines' strongest industries and has one of the best prospects for trade. This session will discuss some of the key ICT verticals of interest for Canadian companies, which include Artificial Intelligence (AI), FinTech, Cybersecurity, and InsurTech.

The Philippines’ ICT sector presents immense opportunities for Canadian companies to expand their businesses in. This 1-hour virtual event will provide an overview of the considerations for doing business in the Philippines, including an in-depth discussion on AI, FinTech, Remittances, Open Finance, Cybersecurity, and InsurTech, as well as the business/regulatory environment in the country.

The speakers and panelists of this session will be represented by key stakeholders from the Philippine government and private sector, and will provide unique learnings that will help Canadian companies identify and understand opportunities in the Philippine tech market. Canadian companies that already have a significant presence in the Philippines will likewise discuss their experience in the ease of doing business in the country, as well as share their success stories. After the panel discussion, there will be an opportunity for all participants to ask questions to the speakers and panelists.

Agenda

- Welcome Remarks from the Embassy of Canada to the Philippines, CABC, and Digital Pilipinas

- Panel Discussion: Philippine Tech Market Opportunities

       - Usec. Rafaelita “Fita” Aldaba, Department of Trade and Industry [Artificial Intelligence]

       - Mr. Robertson Chiang, Founder & Chief Executive Officer, Dragonpay

       - Mr. Rico Bautista, President and CEO, Etiqa

       - Moderator: Ms. Amor Maclang, Convenor, Digital Pilipinas

- Success Spotlight: Telus’ Growth and Success in the Philippines by Mr. Nalakumar RS Vice President for Digital Solutions Telus International - Philippines

- Q&A: Moderated by Mr. Jeff Paine, Managing Director, PS-engage

- Closing Remarks