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Asticom's pivotal role in elevating the Philippines' largest mobile e-wallet through strategic KYC partnerships and Digital-First solutions.

Empowering Growth with Strategic Digital-First KYC Solutions

Jul. 16, 2024

Empowering growth with strategic Digital-First KYC Solutions, has been Asticom’s cornerstone in supporting the growth and market leadership of the Philippines’ largest mobile e-wallet service, boasting over 81 million registered users, representing nearly 70% of adult Filipinos. Over the past five years, Asticom’s pivotal role in providing essential “Know Your Customer” (KYC) solutions has contributed significantly to the client’s unicorn status and sustained growth within the digital ecosystem.

 

Focused on delivering robust KYC services, Asticom’s collaboration with the client ensured compliance with Anti-Money Laundering regulations and fraud prevention measures, further solidifying the client’s position in the market. Asticom’s seamless implementation of KYC processes, from customer application to approval, underscored their commitment to critical business processes, emphasizing governance, efficiency, and compliance.

 

The impact of Asticom’s partnership with the fintech giant is evident in the tangible results achieved. Partner merchants experienced substantial growth, with a notable increase of 75,000 new partners. Asticom’s B2B KYC services facilitated a seamless process for enterprise and company applications, contributing to the client’s sustained growth and enhanced utilization of digital products and services among users. Furthermore, Asticom’s support enabled the expansion of the client’s B2B transactions, further cementing their position in the digital landscape.

 

This success story exemplifies the importance of seamless Digital-First KYC processes in the financial sector and highlights Asticom’s dedication to efficiency, compliance, and supporting critical business operations. As an integral partner in driving growth and fostering financial inclusion, Asticom continues to play a vital role in empowering the country’s leading digital ecosystem and expanding its presence in the enterprise landscape.

 

Our Impact:

  • Helped fintech company’s partner merchants grow by 75,000
  • Facilitated seamless KYC process for enterprises and companies, from application to approval
  • Contributed to client’s sustained growth and unicorn status
  • Increased utilization of digital products and services among users
  • Enabled expansion of client’s B2B transactions through B2B KYC

Learn more about our Digital-First Shared Services and Outsourcing Solutions here.

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