Wednesday, September 18, 2019

BCB Blockchain Powers Payment Infrastructure Of Metro Manila’s Biggest Spa


Metro Manila’s biggest spa is now starting to accept crypto currency as mode of payment.

Building Cities Beyond Blockchain (BCB Blockchain), the world's first blockchain protocol for the development of smart city solutions, providesits mainnet blockchain technology to support Yatai Spa’s payment infrastructure.

Yatai Spa is a three-floor development of a modern facility with business & commercial center showcasing a relaxation, entertainment and wellness destination located in the transportation hub Newport City, Pasay City.  It covers an area of more than 7,000 square meters and operating 24/7.  The Yatai Spa possesses a set of variety functions such as entertainment leisure catering business negotiation cultural exchange, party venue, SPA health and private living space

“BCB will enable Yatai Spa to a faster, transparent and more secure payment. This will also allow them to have less infrastructure transaction fees which cost only around 0.06 Chinese Yuan or 0.45 pesos,” Vanessa Koh, BCB Blockchain Chief Technology Officer said.

In addition, using BCB allows the spa to save on outdated servers and the cost of operating multiple software payment solutions.

The cost savings in return, allows Yatai spa to offer 20% discount on all spa services by using BCB.

“As the largest spa in Manila with a huge customer base, this gives BCB an advantage to reach its goal of mass adoption. BCB hopes to have more merchants and businesses onboard as well, ”Koh added.

Aside from providing payment infrastructure, BCB enables creation of smart contracts and Dapps (Decentralised Applications), community voting, and many other auditable services. By providing high liquidity and low transaction costs, BCB holders enjoy transparency and improvement of settlement efficiency of payments and transactions in its supported smart cities and establishments.

Earlier in June, BCB Blockchain signed partnership with Philippine’s leading tech incubators QBO Innovation hub and DLSU Animo for joint projects on incubations, hackathons, and smart city solutions.



Data science and consumer awareness used to safeguard digital transactions




The digitization of money, widespread access to the Internet, and mass-adoption of smartphones are positive headwinds in the Philippines' journey towards a digital economy. While the potential is undeniable, there is also concern that cyberattackers are shifting their focus to Asia-Pacific.[1]

Cybercriminals are growing in sophistication, and they are constantly finding new ways to victimize consumers and breach enterprises. This calls for a re-evaluation of safeguards against cyber threats.
“For consumers, there is really no subsitute to awareness,” said Nagesh Devata, General Manager of Southeast Asia Cross Border Markets for PayPal. “For enterprises, we need to move from reactive to predictive models in risk management.”

PayPal, the global leader in digital payments, outlined five consumer tips to secure online payments: (1) protect your personal information; (2) choose a strong password that combines alphanumeric characters; (3) share personal information only through authentic online banking features (4); opt for a 2-factor authentication, where a user is granted access only after successfully presenting two or more pieces of evidence to an authentication mechanism; and (5) ensure that authentic apps are downloaded for payment. 
According to PayPal consumer research, 43 percent of consumers in Asia-Pacific identify security as the primary motivation when choosing a payment method while 38 percent choose convenience.[2]
With over 286 million active accounts made up of consumers and merchants. PayPal has a foothold on both equations of the purchasing process. “This puts us in a unique position to find insights [for consumers and merchants] in the entire process. Cybersecurity is a team sport, and everyone has a part to play.” described Devata.

Using data to mitigate risk
PayPal anchors its risk management on data science as it bridges technology and business. Through its two sidednetwork, it is able to study both sides of the transaction while providing buyer protection, data encryption, and a seamless experience for its customers.

For PayPal, data not only enables better customer experiences, but also enables it to take on more risk. “At the heart of everything we do with data, we do for our customers and to help our customers connect better,” said Devata. 

“There is a strong network effect in the digital payments business. And we want to enable the good guys while keeping the bad guys out. This allows us to provide security and value to both merchants and consumers,” added Devata.

Story-based analytics for risk assessment
Matching users poses a series of analytical and technical challenges, PayPal uses advanced machine learning combined with proprietary story-based analytics to drive better risk decisions. “We run multiple models and rules before making decisions on transactions—all within milliseconds,” Devata added.

PayPal leverages the network effect for risk management by evaluating all the accountsit recognizes for its customers when making real-time assessments. According to Devata, the task is to identify accounts with suspicious fraudulent behaviors, and that requires a lot of science and analytics.

“There is a human story behind every transaction, and we combine data analytics and human oversight to find this story and try to protect our customers,” said Devata.




[2]On behalf of PayPal, Ipsos interviewed approximately 34,000 consumers from 31 markets to examine how people shop online and across borders. Research in the Philippines was carried out with 1,006 respondents between 16 to 27 April 2018. Data was weighted to adjust for panel bias based on external trend data on incidence of online shoppers in the country

Monday, August 5, 2019

Get the latest Nokia 3.2 for only ₱6990, available exclusively on Shopee



Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, partners with HMD Global to launch the brand-new Nokia 3.2 exclusively on Shopee for only ₱6,990 until August 14, 2019. Consumers can also use the GDGTZONE8 voucher to get an additional 8% off when buying the phone until September 30, 2019.

Martin Yu, Associate Director, Shopee Philippines said, “We are very excited to partner exclusively with HMD Global to feature the Nokia 3.2. Much like Nokia, we at Shopee share the same belief in making affordable products accessible in the most convenient way possible. We look forward to continue working with HMD Global to provide quality devices to our users.”

Sancho Chak, HMD Global, General Manager for the Philippines, Hong Kong and Macau, said, “We continue to strengthen our partnership with Shopee to give our consumers affordable deals and easy access to our promise of a pure, secure, and up-to-date Android experience. HMD Global prioritizes consumer feedback focusing on improving the lives of our Filipino fans through Nokia phones that just keep getting better – this means continuous OS updates and security patches that do not slow you down.”

Filipinos will surely enjoy streaming their favorite shows and playing games with the Nokia 3.2’s big HD+ display and two-day battery life. The smartphone also boasts a 13-megapixel rear camera that captures great pictures in all lights, and a 5-megapixel front camera, perfect for selfies.

Get the Nokia 3.2 now by visiting the Official Nokia Store on Shopee at https://shopee.ph/nokiaphstore.

Visit the Shopee website at https://shopee.ph/ and download the Shopee app for free via the App Store or Google Play.