The ball is rolling fast for SAM PH. Bangko Sentral ng Pilipinas (BSP) granted its
initial endorsement for the company to proceed with the registration with the
Securities and Exchange Commission (SEC) and other government agencies for
amenabilities.
The SAM Digital E-wallet, a subscription-based platform, shares and provides economic opportunity. In line with this, one of the company’s 2021 projects include OFW subscribers as the primary beneficiaries of a livelihood program.
SAM Digital Technologies is the parent entity of SAM and it’s registered as digital currency exchanger in Australia under AUSTRAC. SAM is into digital and conventional businesses.
SAM founder, Rommel Santos said he wants to widen the company base in the Philippines to help his fellowmen, seeing how financial technology or fintech is slowly becoming more inclusive in recent years.
Mr. Rommel Santos, SAM Founder |
He has a vibrant outlook for e-commerce
in the Philippines, specifically for online businesses, which is expected to
grow approximately five times from US$1.1 billion in 2015 to US$4.6 billion by
2025. Subscribers from Malaysia,
Indonesia, Japan and other southeast
Asian countries along with those in Europe and Saudi Arabia, have active
participation in SAM.
SAM’s aim is to reverse the conventional method of entrepreneurial journey through economy sharing in which a subscriber can directly engage in conventional business if he so desires.
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