Fortune 500 company looking to expand in PH

Posted at 07/14/2014 6:18 PM

MANILA - A Fortune 500 company focused on providing banking and payments technology services is looking into expanding to the Philippines.

Jose L. Cuisia, Jr., Philippine Ambassador to the United States, welcomed FIS Global's interest in investing in the Philippines.

“We welcome the interest of Florida companies, particularly FIS Global, to collaborate and invest in Philippine businesses and institutions,” Cuisia said.

Trade Representative Naria Roseni Alvero said that the company has been serving bank clients from the Philippines for the past two decades.

Among factors that made FIS Global consider the expansion include the Philippines' favorable investment climate, and the support it is receiving from the government.

Aaron Bowman, Senior Vice President for Business Development of JAX USA Partnership, said that there are a number of companies interested in doing business in the Philippines.

According to Bowman, they are looking into exploring areas like agricultural research, food product testing, aviation, and manufacturing.

“There are various areas that we would like to explore – from agricultural research and food product testing to opportunities in aerospace and aviation, particularly on the maintenance and manufacturing side,” Bowman said.

FIS Global is listed as No. 1 in the annual FinTech 100 list and is ranked 434 on the Fortune 500.

They currently employ 37,000 worldwide, with more than 1,700 employed in the Philippines