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Globe eyes expansion in ASEAN

25 Nov

Globe Telecom, Inc. (GLO) is eyeing to expand operations within the Association of Southeast Asian Nations (ASEAN) to complement the relatively strong economic growth within the region.

Globe CEO Ernest Cu sees Myanmar as a potential expansion area, adding that there are other areas such as financial services and mobile advertising that they could get involved in.

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During the summit, Cu said Globe is considering to offer GCash, its mobile-based banking service, to the Southeast Asian market including groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand and Vietnam.

The service offers BanKO, a mobile-based, microfinance-focused savings bank, along with Bank of the Philippine Islands and Ayala Corp. Globe will offer said services once the ASEAN Economic Community takes place in 2015.

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Posted by on November 25, 2014 in Corporate News, GLO, Stock Market

 

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