{"id":3535,"date":"2022-09-06T08:27:06","date_gmt":"2022-09-06T00:27:06","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=3535"},"modified":"2022-09-06T08:27:07","modified_gmt":"2022-09-06T00:27:07","slug":"daily-markup-582-peddlr-empowers-neighborhood-stores-to-offer-financial-services-to-the-unbanked-in-the-philippines","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=3535","title":{"rendered":"Daily Markup #582: Peddlr empowers neighborhood stores to offer financial services to the unbanked in the Philippines"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/Kxq3xOyH-SuZTntQQE_boLushY3dHsv3tSZJDHgNDShDbUXimrgqpPsol58WwtzqEmpam5-BtvDx5boAeePwA5U74MeW5xnneiQdZ26z-BgVefYq9L59a7wnHmlMPvvOsru2F-yJEBwhWO4GnX2mQTMVR1IEJ2VRaH031kv-HnqvLpG6WAEJJl1Ecw\" alt=\"\" \/><figcaption>Credit: Peddlr<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Power in the people\u2019s hands<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u201cThe majority of the population in the Philippines are unbanked, meaning they can\u2019t make online payments as they don\u2019t have credit cards or e-wallets. Also, many people don\u2019t have easy access to stable internet connections or mobile data,\u201d said Nel Laygo, Founder &amp; CEO of 500-backed fintech startup <a href=\"https:\/\/www.peddlr.io\/\">Peddlr<\/a>, adding that many also don\u2019t have the technological literacy and savviness to use mobile apps.<\/li><li>These are the reasons why consumers in the Philippines prefer paying their utility bills at brick-and-mortar stores over fintech mobile apps. But <a href=\"https:\/\/bit.ly\/3RfWBeQ\">Peddlr is looking to change all of that<\/a>.<\/li><li>The team\u2019s success is evident. They have raised US$4.9M so far \u2014 an impressive feat for a startup headquartered outside of Metro Manila \u2014 and their app has been downloaded 2 million times since launching in July 2021!<\/li><li>Peddlr currently offers digital bookkeeping and inventory management, and in the next two months, the team will be releasing a bill pay feature on their app, allowing MSMEs, especially <em>Sari Sari<\/em> (neighborhood convenience stores), to receive payment for utility bills and essential services from their customers.<\/li><li>The company also recently launched a pilot \u201ce-Supplies\u201d feature, a B2B e-commerce function that allows <em>Sari Sari<\/em> stores to purchase fast-moving consumer goods and consumer packaged goods automatically using the Peddlr POS app.<\/li><li>What\u2019s next? \u201cWe\u2019ll look at converting <em>Sari Sari<\/em> stores into banking agents, so they can start accepting \u201cCash In\u201d and \u201cCash Out\u201d transactions from our partnering banks. We will also provide financing for small and micro merchants that are using our app,\u201d Nel shared.<\/li><li>Read the full interview <a href=\"https:\/\/bit.ly\/3RfWBeQ\">here<\/a>.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Power in the people\u2019s hands \u201cThe majority of the population in the Philippines are unbanked, meaning they can\u2019t make online payments as they don\u2019t have credit cards or e-wallets. Also, many people don\u2019t have easy access to stable internet connections or mobile data,\u201d said Nel Laygo, Founder &amp; CEO of 500-backed fintech startup Peddlr, adding [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3536,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[500],"class_list":["post-3535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-peddlr"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #582: Peddlr empowers neighborhood stores to offer financial services to the unbanked in the Philippines - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=3535\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #582: Peddlr empowers neighborhood stores to offer financial services to the unbanked in the Philippines - Markup\" \/>\n<meta property=\"og:description\" content=\"Power in the people\u2019s hands \u201cThe majority of the population in the Philippines are unbanked, meaning they can\u2019t make online payments as they don\u2019t have credit cards or e-wallets. Also, many people don\u2019t have easy access to stable internet connections or mobile data,\u201d said Nel Laygo, Founder &amp; CEO of 500-backed fintech startup Peddlr, adding [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=3535\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-06T00:27:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-06T00:27:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2022\/09\/Peddlr.png\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ching Yee Ho\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=3535#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2022\/09\/Peddlr.png\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2022\/09\/Peddlr.png\",\"width\":750,\"height\":500},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=3535#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=3535\",\"name\":\"Daily Markup #582: Peddlr empowers neighborhood stores to offer financial services to the unbanked in the Philippines - Markup\",\"isPartOf\":{\"@id\":\"https:\/\/dailymarkup.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=3535#primaryimage\"},\"datePublished\":\"2022-09-06T00:27:06+00:00\",\"dateModified\":\"2022-09-06T00:27:07+00:00\",\"author\":{\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f\"},\"breadcrumb\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=3535#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dailymarkup.com\/?p=3535\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dailymarkup.com\/?p=3535#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dailymarkup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Daily Markup #582: Peddlr empowers neighborhood stores to offer financial services to the unbanked in the Philippines\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f\",\"name\":\"Ching Yee Ho\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g\",\"caption\":\"Ching Yee Ho\"},\"url\":\"https:\/\/dailymarkup.com\/?author=5\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Daily Markup #582: Peddlr empowers neighborhood stores to offer financial services to the unbanked in the Philippines - Markup","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailymarkup.com\/?p=3535","og_locale":"en_US","og_type":"article","og_title":"Daily Markup #582: Peddlr empowers neighborhood stores to offer financial services to the unbanked in the Philippines - Markup","og_description":"Power in the people\u2019s hands \u201cThe majority of the population in the Philippines are unbanked, meaning they can\u2019t make online payments as they don\u2019t have credit cards or e-wallets. 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