Philippine telco PLDT buys S'pore e-commerce company Paywhere

Singapore

THE digital innovations unit of Philippine Long Distance Telephone Company (PLDT) and Smart Communications, Inc. has announced its purchase of Singapore-based e-commerce platform start-up Paywhere Pte Ltd, for an estimated price of US$5 million.

The acquisition by Voyager Innovation will boost its mission of enabling the growth of the digital economy in the Philippines and other emerging markets, it said on Tuesday.