E-wallet giants GCash and PayMaya won’t be missing e-Sabong operations too much in their respective platforms, according to their top executives.
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“The e-sabong, as we said before, does not have a significant contribution in our transaction value,” GCash president and CEO Martha Sazon said when asked to comment on the impact of the removal of e-Sabong from their offering portfolio.
GCash is coming from its first year of profitability in 2021, which it achieved three years ahead of target.
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“Our revenue and profit trajectory is really doing well, very positive, and we expect to end the year at even better levels than last year,” Sazon said.
PayMaya president Shailesh Baidwan also said the absence of e-Sabong would not have much impact on its business.
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“The impact on our revenues is absolutely minimal,” Baidwan said.
“Just to put a dimension around it, for the first quarter, less than .5 percent of our flow-through or GTV as we call it came from there. So thankfully, there is no impact clearly on our revenue or on our business,” he added.
President Duterte earlier ordered the suspension of online cockfighting or e-Sabong because it was destroying Filipino values.
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