The deal follows Ayala’s investment in ePharmacy startup Wellbridge Health.
By Tomas S. Noda III
“More diversity, more points of view would mean more innovation”
Globe Telecom Inc is acquiring a controlling stake in Taodharma Inc, a unit of holding company Tao Corp, all partners of Australia-based phone retail store Allphones.
BPI disclosed all the conditions involving the transactions with its parent firm Ayala Corp and the conglomerate’s mobile carrier subsidiary Globe Telecom Inc have been completed on Tuesday.
The partnership will see AirAsia BIG, the loyalty program for AirAsia and the Tune group of companies, leverage on ZAP’s platform to allow BIG members to earn and redeem points from daily purchases at physical stores with just a mobile number.
For the past two years, the Philippine startup community has consistently made developments, but despite all these, the country has yet to give birth to a startup ecosystem.