A technology company building a digital ecosystem for small local businesses recently announced that it was expanding its efforts to bring micro, small and medium enterprises (MSMEs) in the Philippines onto its digital platform to support their recovery efforts from the coronavirus disease 2019 (Covid-19).
With the Philippine economy predominantly made up of MSMEs (99.52 percent of total businesses as of 2018) and a high internet penetration rate among citizens (72.7 percent), Lemi believes that conditions are favorable for MSMEs to embrace digitalization efforts. The company’s suite of digital solutions is expected to supplement ongoing government initiatives to boost digital adoption among MSMEs and help them find new markets for their goods.
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