Mobile Phone Banking for Microenterprise Clients of Rural Banks
|
|
|
The RBAP and Globe Telecommunications signed a Memorandum of Understanding to pilot-test the collection of microcredit loan payments and the encashment of remittances utilizing Globe’s G-Cash short messaging service (SMS or text messaging) technology. G-Cash allows Globe subscribers to use their phone as a mobile wallet facilitating sending and receiving money person-to-person as well as domestic and international remittances. Globe has over 11 million mobile phone subscribers.
|
Rural Bankers Association of the Philippines (RBAP) President Senen Glorioso (seated, second from left) and G-Xchange, Inc. President, Jose Roberto V. Mendoza (seated, third from left) sign a Memorandum of Understanding to pilot test the collection of micro credit loan repayments and encash remittances utilizing Globe’s GCash SMS (text messaging) technology. This is in coordination with RBAP, with support from the United States Agency for International Development (USAID)-funded Microenterprise Access to Banking Services (MABS) program. The signing was witnessed by MABS Chief of Party John Owens (seated, extreme left) and USAID Cognizant Technical Officer Teresita Espenilla (seated, extreme right). Also present were: (standing, left to right) MABS Deputy Chief of Party Meliza Agabin, RBAP Corporate Secretary Mark Ernest Rosario, RBAP Treasurer Jobel Chua, MABS Management Information Systems (MIS) Specialist Nixon Mahilum, MABS MIS Manager Anthony Petalcorin, and Globe Wireless Sales and Distribution Business Development Manager Roy James Villanueva.
|
|
|
|
Events / Announcements |
|
|
| |
Downloads |
|
|
|
|
