SINGAPORE–(BUSINESS WIRE)–Aug 9, 2018–ODX Pte. Ltd (ODX) has announced its partnership with YouDeal, the world’s largest peer-to-peer services marketplace. A subsidiary of Xurpas, the largest consumer technology company in the Philippines, ODX’s mission is to solve what is perhaps the most basic problem of all for consumers in emerging economies: internet access.
Based out of China, YouDeal has over 50 million users, seven million sellers and $60 billion in trading volume. In China, YouDeal connects users with more than 300 industries including fitness, yoga instructors, masseurs, hairstylists, information technology programmers, user interface designers and financial advisors. They now have set their sights on Southeast Asia with a free internet strategy powered by ODX.
“Data free access is a critical advantage in emerging markets. Your app becomes the default choice for most people most of the time,” said Nix Nolledo, ODX Founder and CEO.
YouDeal understands that success in emerging markets requires dealing with a fundamental problem – that most users are offline most of the time. Mobile data is expensive in these markets, costing as much as six times what the average user can afford. As a result, consumers are offline over 80 percent of the time.
Through this key partnership with ODX, YouDeal solves this issue by providing users free internet access to their services. Customers will be able to access the app 24/7, even when they have no mobile data plan or mobile airtime credits.
ODX is a blockchain-based data marketplace backed by an impressive cast of crypto heavyweights: Andromeda, Blocktower, DNA, Genesis, Hexa, Pantera and Strong Ventures. Through its data marketplace, ODX unites internet service providers and publishers from across the globe to offer consumers free internet access via sponsored data packages.
ODX’s parent company is Xurpas, the largest publicly listed consumer tech company in the Philippines. With over 17 years experience and more than 900 employees across Southeast Asia, Xurpas has already built a vast network of publishers and Telcos.
About ODX Pte. Ltd.:
ODX PTE Ltd. powers Open Data Exchange (ODX), a global marketplace where publishers and internet service providers (ISPs) can transact at scale to deliver free internet access to consumers in emerging markets. Leveraging on blockchain technology, ODX creates a network of trust, generating a truly open ecosystem. It was established by the co-founder of Xurpas, the Philippines’ largest consumer tech company.
For more information, please visit www.odx.network and join the conversation on Facebook, Reddit, Telegram and Twitter.
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for ODX PTE Ltd.
KEYWORD: ASIA PACIFIC CHINA SINGAPORE
INDUSTRY KEYWORD: TECHNOLOGY INTERNET
SOURCE: ODX PTE Ltd.
Copyright Business Wire 2018.
PUB: 08/09/2018 03:44 PM/DISC: 08/09/2018 03:44 PM
Copyright Business Wire 2018.