Miguel Warren, Payoneer Philippines country manager (3rd from left), discusses the firm’s goal in holding the forum. Michael Cubos, Performance 360 Global Service Inc. CEO, and Piccina Alvarez, Purple Click Phil. Inc. CEO, (4th and 5th from left, respectively) were among the speakers of the forum.
CDN PHOTO/LITO TECSON
Payoneer gives stakeholders in 2 sectors an alternative to go global
A global cross-border payments company, Payoneer, is trying to tap into Cebu’s growing small medium enterprises (SMEs) and the booming business process outsourcing industry as they introduce their services to stakeholders in both sectors in last week’s forum.
“The Philippines is one of the top 5 online outsourcing countries globally,” said Miguel Warren, Payoneer Philippines country manager.
“We see many opportunities to work with cross border service providers, freelancers and start-up entrepreneurs, and to help them grow their business internationally,” Warren said.
Through their cross border payments services, Warren said Payoneer can empower people and firms in these industries by helping them enter the global market.
Warren also cited the reasons for their interest in Cebu’s SME and IT-BPM sectors.
He said that this is the 15 to 18 percent growth of the information technology-business process management industry in 2016 and Cebu’s large population with the growing BPO sector that pays them well.
Warren also tagged Cebu as a haven for SMEs with close to 3,000 SMEs earning at least P5.5 billion in sales and employing about 180,000 workers.
Warren said that Payoneer, which was launched last year in Manila, and recently its country office in Bonifacio Global City in Taguig, had been serving 200 countries since 2005.
“Small BPOs and SEO agencies in the Philippines have long used other options to receive funds from international clients. Payoneer can help them receive more pesos through lower fees and higher foreign exchange rates; thus offering additional ways to receive cross-border payments,’ said Warren.