The business arm of the country’s largest integrated telecommunications group and the US government’s lead foreign aid agency have launched the SPEED project, providing micro, small, and medium enterprises (MSMEs) with access to digital tools to support their growth.
What is it?
The SPEED project helps small businesses by teaching them how to use essential digital online tools like e-payments and e-commerce.
The project also connects them to suppliers and resources to expand their reach and includes important training on ensuring consumer protection.
The overall goal is to increase the adoption of digital tools and promote a more technology-driven approach.
Big business insights for small entrepreneurs
“Through our partnership with USAID and the SPEED project, we are reaffirming our commitment to help MSMEs succeed in the digital economy,” said Jay Lagdameo, vice president and head of the enterprise revenue group at PLDT Enterprise.
“We understand the unique challenges these businesses face, and we are here to provide the digital solutions and support they need to grow and succeed,” Lagdameo added.
Meeting entrepreneurs on their turf
Roadshows are one way PLDT connects with small businesses.
For example, joint initiatives like the MSME Day roadshows, held in Iloilo, Dipolog, and Pampanga, allow entrepreneurs to explore new tools that could support expansion or make operations more efficient.
Another program, known as GoDigital Pilipinas, promotes cashless transactions for Filipino entrepreneurs.
Why is USAID doing this?
“USAID’s support signals the US government’s strong commitment to advancing the development of a stronger, more resilient digital economy in the Philippines,” said Amy Lovejoy, USAID Philippines’ director of economic development and governance.
The goal is to “drive long-term, sustainable growth for MSMEs, ensuring that even the smallest businesses can thrive in the evolving digital economy.”
Partnering with the private sector matters
“We recognize that MSMEs are the backbone of the Philippine economy, and by empowering them with the right digital tools, we can significantly enhance their growth potential,” Lovejoy said.
“Our collaboration with PLDT Enterprise allows us to extend our reach and impact, ensuring that more Filipino businesses can access the resources and technology they need to succeed in a digital-first world,” she added.
This is also an extension of past partnerships with the PLDT Group.
In 2022, USAID, RTI International and Smart Communications teamed up for a separate program to distribute tablet computers with learning apps to students in the San Rafael Elementary School in Tarlac City, Tarlac and San Aurelio Elementary School in Balungao, Pangasinan
Tapping strategic alliances and a strong network
PLDT Enterprise and Smart have also built on several MSME-focused programs this year.
This involved past collaborations with the Department of Trade and Industry, the group’s fintech arm Maya, and the PLDT-Smart Foundation.
“By leveraging their collective expertise and resources, PLDT Enterprise and USAID are ensuring that Filipino MSMEs have access to reliable and transformative digital solutions, enabling them to remain competitive and resilient in the ever-evolving digital landscape,” PLDT Enterprise said.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
