Wednesday, July 6, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Technology Business

Global Mobility Service is representative case in Asian Development Bank report

Manila StandardbyManila Standard
February 19, 2021, 9:35 pm
in Business
Reading Time: 2 mins read
A A
77
SHARES
Share on FacebookShare on TwitterShare on Email

Global Mobility Service Inc., a Finance-Technology startup which provides IoT-based fintech services for financial inclusion to the world's 1.7 billion poor and low-income people who cannot afford to own a car, announced that its efforts have been featured in a report published by the Asian Development Bank titled “Asia Small and Medium-Sized Enterprise Monitor 2020—Volume III: Thematic Chapter—Fintech Loans to Tricycle Drivers in the Philippines”

GMS Philippines president and CEO Kazumasa Nakashima

The study identified that fintech services help tricycle drivers improve their living standards and social welfare as well as support the development of country’s local economies. It also emphasized the importance of fintech services for self-employed people (drivers) in surviving the post-COVID-19 or “new normal.” 

The report discussed the case of GMS's fintech services for financial inclusion, which have enabled the company to solve social issues left behind in the analog era through digital transformation and provide finance to poor and low-income people who had so farno access to financial services.

ADB Report Summary:

• Through fintech, financial institutions will be able to provide finance to poor and low-income people who had so far no access to financial services.

ADVERTISEMENT

• Fintech illustrated by GMS's self-developed technology enables financial institutions to monitor vehicles accurately and ensure that loan and lease payments are made on time.

• The IoT based fintech service can track work behavior on self-employed people (drivers) and has a potential to build further credit scores and bringa better life for drivers.

With the widening disparities caused by COVID-19, there is a growing need for GMS's services. GMS, together with its partner companies, financial institutions, and finance companies, will continue to provide services that enable people who are willing to work hard to improve their lives through finance.

GMS will continue to promote truly sustainable business in Japan and in countries part of ASEAN by creating economic rationality while solving social issues such as poverty, considered to be one of the most important issues of the United Nations’ Sustainable Development Goals (SDGs). 

GMS is a fintech startup working for financial inclusion by creating credit for the 1.7 billion poor and low-income people in the world. By analyzing vehicle data (driving status, speed, etc.) collected by the MCCS, an IoT device equipped with technology to remotely control vehicles, and financial data (payment status, etc.) obtained in conjunction with financial institutions, GMS visualizes the creditworthiness of drivers and create opportunities to utilize financial services such as loans and leases for those who are unable to qualify for conventional credit screening. As of October 2020, GMS has raised a cumulative total of 5.6 billion yen in recognition of its business model of addressing social issues by creating job opportunities for poor and low-income people in Japan and in ASEAN countries (Philippines, Cambodia, and Indonesia).

Tags: Asian Development BankCOVID-19fintechGlobal Mobility Service Inc
ADVERTISEMENT
Manila Standard

Manila Standard

Related Posts

Today’s customers crave happiness—and they want brands to deliver it

byMST Tech
July 1, 2022, 6:53 pm
0
155
Today’s customers crave happiness—and they want brands to deliver it

By Nicola Fairhead, Content Marketing Specialist, Oracle Advertising and CX They say you can’t buy happiness, but that doesn’t mean...

Read more

PLDT Enterprise, BaishanCloud announce joint business partnership

byMST Tech
June 29, 2022, 12:41 pm
0
195
PLDT Enterprise, BaishanCloud announce joint business partnership

MANILA/SINGAPORE – PLDT Enterprise, the B2B arm of the country's largest fully integrated telecommunications provider PLDT, and BaishanCloud, a global edge cloud...

Read more

GCash enables young professionals, MSMEs to unlock financial goals

byMST Tech
June 27, 2022, 3:11 pm
0
213
GCash enables young professionals, MSMEs to unlock financial goals

GCash, the Philippines’ number one financial super app, is enabling young professionals and micro, small, and medium enterprises (MSMEs) to...

Read more

Build generational wealth for your family via online trading

byMST Tech
June 23, 2022, 2:48 pm
0
160
Build generational wealth for your family via online trading

As a father, your top priority is to create a better future for your children. For many of us, salaries...

Read more

3 ways to build a sustainable, digital Asia-Pacific

byMST Tech
June 21, 2022, 9:37 pm
0
165
3 ways to build a sustainable, digital Asia-Pacific

By Baifeng Lin Many countries in the Asia-pacific have released digitalization strategies. Cloud Computing technologies are the cornerstone of the...

Read more

GoGo Xpress helps your online business grow

byMST Tech
June 21, 2022, 6:16 pm
0
181
GoGo Xpress helps your online business grow

Not all social sellers are tech-savvy and can navigate websites easily. To help micro, small and medium-sized enterprises, E-commerce and...

Read more
ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App