Igloo protects Southeast Asia's multi-billion dollar coffee industry with innovative weather insurance for farmers

Following the success of its Weather Index Insurance for rice farmers launched in November 2022, Igloo expands its reach to coffee farmers in Vietnam

Igloo’s Weather Index Insurance helps protect coffee farmers and their crops against extreme weather conditions

Igloo plans extend this protection to more markets, more communities, and more indices

Regional insurtech Igloo expands its blockchain-based parametric index insurance to coffee farmers in Southeast Asia, showing commitment to covering more underinsured communities and industries after successful product implementation with rice farmers.

Southeast Asia - a part of what is called the coffee belt - is one of the biggest coffee producers in the world. While Vietnam and Indonesia are responsible for the majority of global coffee output, the Philippines is also an important global producer with industry revenue expected to reach US$6.7 billion in 2023, according to statistics portal Statista. The local market is also expected to grow annually by 5.69% until 2025.

Pouch.ph and Neutronpay join forces to offer lightning-fast remittance services to Filipino in Canada and Vietnam

Canadian-based digital payment platform Neutronpay today announced its partnership with Pouch.ph to enable fast, secure, and low-cost money transfers from Canada and Vietnam to the Philippines.

The partnership allows Filipino workers living in Canada or Vietnam to send money directly to a Philippine bank or eWallet instantly and with far better exchange rates than was previously possible.

Through Bitcoin's Lightning Network, Canadian dollars or Vietnamese dong are converted into Bitcoin. Pouch.ph then converts the Bitcoin into Philippine pesos and directly transfers to the recipient’s bank or mobile money account.

Globe elevates global 5G experience, expands coverage in Vietnam and Saudi Arabia

Globe continues its push for 5G dominance as the company sealed partnerships in Vietnam and Saudi Arabia. Together with roaming allies Viettel of Vietnam and STC of Saudi Arabia, the two telcos join Globe’s growing list of 5G-ready roaming partners in its quest to own the widest 5G coverage worldwide.

This confirmation also comes after Globe’s most recent milestone of officially launching 5G connectivity with the largest telcos in Asia and the Middle East: Singtel in Singapore, CSL in Hong Kong, and Ooredoo in Kuwait.