Wallstreet of the Philippines
Home The Cities eTrade eTourism Archive About Us Contact Us
No Ads
eTrade Contacts
Major ProductsLocation Of SuppliersExport Markets
Trade FairsForeign Buyers GuideEmbassies
Trade Related Government Regulations & PoliciesCalendar Of EventsGovernment Offices Directory
General Info

eTourism Contacts
MuseumsHotelsResorts
HospitalsCity FestivalsEmergency Numbers
Tourist OperatorsTourist AttractionsSpecial Areas Of Interest
Accredited Travel AgenciesTourism Related Government Regulations & PoliciesUniversities
TransportationGovernment Tourism OfficesGeneral Info

Calendar of Events Contacts
Cultural Calendar

Cultural Calendar Contacts

eTrade Contacts

News: Netpreneurs reap benefits of Yehey!?s payments scheme - 11 Jan 2008
The new generation of entrepreneurs is starting to realize the benefits of having a presence on cyberspace as local Internet users turn into "cyber consumers." 

"Going online is almost a requirement nowadays," said Dustin Andaya of Islandorse.net, the website of one of the country’s largest local rose suppliers, Philippine Cut Flowers Corporation (PCFC). Island Rose started delivering bouquets, harmony wreaths and gift items to anywhere in the Philippines through the Net, with prices inclusive of fixed shipping rate and VAT. Its online basket also brims with reward points and discounts for Island Rose members.

While not a newbie in the healthcare industry, Medicard Philippines found the same need to establish an online presence. "It was in 2001 when we formulated a new IT plan, and our design was really to digitize everything," Medicard’s assistant vicepresident for information technology Lorena Benipayo said.

Both companies have partnered with Yehey.com’s Kaban Internet Payments (www.kaban.com.ph), an online payment gateway system that enables small businesses to accept customer payment through ATM, credit card or electronic cash modes such as Globe GCash.

Yehey!’s attraction to online vendors like Island Rose and Medicard is its over 30 million page views a month and nearly 300,000 registered users, ranking among the top three most-viewed website in the country.
"With the onslaught of new competition and a tougher operating environment, you can’t expect to compete as a small business today without using an arsenal of marketing tools," says Jonas R. delos Reyes, eCommerce Manager of Yehey.com, one of the leading Filipino Internet portals.

With Internet usage growing annually by an average of 42 percent in the past five years, the Net now brims with promises for the local papaya soap dealer, the barako coffee supplier or the flower farmer who used to merely ply their trade downtown and rely on their satisfied customers to get the word out that their businesses exist.

"We were like a guinea pig for PayPlus," Island Rose’s Mr. Andaya said, referring to Yehey.com’s service that preceded the newly reengineer Kaban payment system. "And I’ve always worked well with Yehey! It’s secure, and I know their website delivers many hits," he added. Island Rose now has a steady OFW and migrant Pinoy customer base. Along with sturdy ties with major hotels, restaurants and flower shops, the online store serves a strong business lifeline.

Ms. Benipayo said the "very minimal set-up fee" led Medicard towards Kaban. "Unlike other payment systems where we have to maintain a minimum balance, in Kaban we don’t have to pass on the cost to our online buyers," she said.

Medicard developed all back-office system before fortifying its e-commerce strategy. Now, all prospective individual and family clients have to do is visit the site, fill out an online application form, and the accomplished forms will be directed automatically to its underwriting department.

Ms. Benipayo said ecommerce is important in "providing value-added service" and promoting "people empowerment and information sharing."

Posted By: Manila Bulletin Online 
 
Date  Title  Action
Article 
03 Dec 2010  Top 10 Pinoy Sports Icons  View
26 Nov 2010  Fujitsu Laboratories Assesses Possible Reductions in CO2 Emissions in High-Tech R&D  View
10 Oct 2010  Boat & Yatch Charters/ Shipping Companies  View
10 Oct 2010  BUSINESS DIRECTORY: ORGANIC, HERBAL & NATURAL PRODUCTS  View
05 Oct 2010  BUSINESS DIRECTORY: WEARABLES  View
04 Oct 2010  LIST OF STATE UNIVERSITIES & COLLEGES IN NCR  View
26 Sep 2010  DIRECTORY: Suppliers of IT & IT Enabled Services/Electronics  View
19 Sep 2010  DIRECTORY OF DOMESTIC SUPPLIERS OF BEVERAGES  View
01 Jun 2008  Export Markets in Germany  View
15 Feb 2008  Important Numbers to Remember  View
20 Jan 2008  PhilCTTIS Business Directory: Rattan Suppliers  View
14 Jan 2008  Exporters Guide: MARKET INFORMATION  View
14 Jan 2008  MINDANAO Product Guide  View
01 Nov 2007  PHILCTTIS Business Directory: Hotels in Makati  View
22 Oct 2007  Museums and Art Gelleries in Makati  View
Event 
29 Mar 2011  Spain-RP Investment & Business Cooperation Forum  View
24 Aug 2010  Important Events  View
30 Sep 2009  22nd trade fair of ANP (Oct-3-8)  View
News 
14 Apr 2011  BOI-listed investments up 205% in Q1   View
19 Mar 2011  Wal-Mart renews interest in RP venture  View
12 Feb 2011  DBP to issue up to $300-million bonds  View
08 Feb 2011  Philippines pushes for more Indian trade and investments  View
07 Feb 2011  ASEAN trade link technology framework complete  View
13 Oct 2010  High ore grade, metals prices boost Philex shipments  View
27 Sep 2010  Philippine Stocks Touch New Highs on Growing Optimism in Local Equities  View
13 Sep 2010  Smart Supports Mindanao Festivals  View
10 Sep 2010  Proponents renew call for Philippine cybercrime bill  View
05 Sep 2010  Makati City Air Quality Shows Improvement  View
25 Aug 2010  Siemens eyes RP wind energy projects  View
19 Aug 2010  OTOP food products enhanced   View
17 Aug 2010  PSE Income Surges 91% to 148M  View
16 Aug 2010  BOI expects exports to reach $50 Billion this year  View
05 Aug 2010  Panda Cleaners is proof that greening a business is not only good for the environment but the bottom  View
04 Aug 2010  RP urged to initiate free trade pact with EC  View
02 Aug 2010  Crops Growing in City Buildings  View
31 May 2008  Most Asian firms want modern telecom systems  View
31 May 2008  SMC to put up 3 Indochina plants  View
10 May 2008  PCCI DEFENDS GOV?T INFRA DEV?T EFFORTS  View
04 May 2008  Phoenix posts P122M in net profit  View
04 May 2008  Government prepares plan for recycling industry  View
27 Apr 2008  Garments exporters push for prompt start of talks on free-trade deal  View
20 Apr 2008  Security Bank sees increased consumer spending  View
05 Apr 2008  Ayala bares P55.3-B investment program  View
30 Mar 2008  Galaxy Reef: A P35-B marine park project  View
21 Mar 2008  DBP EXPANDS LENDING PORTFOLIO  View
08 Mar 2008  RP call center seat capacity projected to grow 23% in 2008  View
23 Feb 2008  IBM and SAP bare to develop their first joint software product codenamed ?Atlantic?  View
17 Feb 2008  Favila says RP still best investment site in Asia  View
09 Feb 2008  BPO firm offers 5,000 seats  View
09 Feb 2008  Automotive sales surged 17% in January?Campi  View
24 Jan 2008  Anscor to buy US nursing recruitment agency for $14M  View
23 Jan 2008  Electronics exports seen growing 5%  View
17 Jan 2008  ADB to extend co-financing to TransCo, Calaca plant  View
12 Jan 2008  BPI Family to hike lending in consumer, SME markets  View
11 Jan 2008  Netpreneurs reap benefits of Yehey!?s payments scheme  View
11 Jan 2008  Gov't pushes innovation strategy for RP competitiveness  View
03 Jan 2008  Gov't aims to further reduce backlog in TCC issuance  View
23 Nov 2007  Mandarin diversifying to hotel management  View
15 Nov 2007  PAL boosts local, international flights  View
01 Nov 2007  Pfizer?s ?Alagang Sulit? campaign helps ensure patient compliance  View
27 Oct 2007  Hard Rock Café chain mulls hotel, casino in RP  View
22 Oct 2007  Gaming industry: A force of nature  View
01 Oct 2007  Ayala Center prepares to break ground for new hotel  View
No Ads
   
Logos and trademarks are the property of their respective owners.
Philippine Cities Trade & Tourism Information Service (c) Copyright 2007, all rights reserved.