Alibaba Cloud has announced a new fintech program that hopes to provide support to finance-related companies by providing them with the tools for their digital transformation.
The Fintech ONE program will offer participating fintech companies in the Philippines easy access to advanced cloud technologies, free technical training, and professional consultations. Each eligible company will receive up to $10,000 in cloud coupons which it can use to redeem Alibaba Cloud products and services.
Eligible companies will benefit from streamlined access to technology solutions from Alibaba Group’s ecosystem and its affiliated company Ant Group—including those that facilitate e-commerce and payment processes—to help participating companies maximize emerging opportunities in the Philippines.
Alibaba Cloud will also assist fintech companies in engaging with local and global investors and accelerators to help grow their businesses.
“By leveraging Alibaba Cloud’s IT infrastructure and innovative fintech products, digital financial services can reach more of the country’s unbanked Filipinos,” said Allen Guo, country manager for the Philippines, Alibaba Cloud Intelligence.