Smart hikes Voyager investments to P5.47b
Smart Communications Inc. has infused additional money to Voyager Innovations to fund capital expenditures.
Smart invested P3.48 billion in voyager last year and P1.33 billion in 2015.
“The additional equity is intended to be used for Voyager’s various investments, as well as capital expenditures and working capital requirements,” PLDT Inc. said in a report submitted to the Philippine Stock Exchange.
The total investment of Smart in Voyager amounted to P5.47 billion as of last year.
Established less than four years ago, the Voyager group has introduced pioneering services running on mostly over-the-top platforms in the areas of access, commerce, finance and marketing technologies.
Through eCommerce platforms such as TackThis!, Takatack and the Virtual eCommerce Marketplace, Voyager powers the online stores of thousands of leading companies including Philippine Airlines, Uber, MyPhone, ShopTV, and top fashion brands like Giordano and Folded & Hung.
Its Takatack Rewards is enabling the likes of UnionBank and a host of business process outsourcing companies to engage their employees with rewards and benefits.
Voyager’s freenet has allowed more brands and companies to digitally engage customers with free sponsored data access to their apps and sites.
Last year, millions of Filipinos downloaded the freenet app as more than 70 companies such as BPI, Citibank, RCBC, Cebu Pacific, Philippine Airlines, UnionBank and OLX signed up to sponsor their customer’s mobile internet access.
Voyager’s PayMaya, the leading mobile payments acquirer in the Philippines, allowed the country’s top companies to accept card payments through their mobile app, website, or physical point-of-sale terminals.
Most recently, in collaboration with Metro Pacific Tollways Corp., PayMaya Business enabled the first Mastercard contactless and beep card payments acceptance in NLEx, with CAVITEx up next.