Tag: GCASH

MABS FeaturesSuccess Stories

Mobile phone banking merchant partners help ease banking in Surigao

A growing number of store owners are collaborating with rural banks and connecting to the GCASH network from Cantilan to Butuan City and across the region. These store owners are providing cash-in and cash-out services to support mobile phone banking services as well as mobile money transfer in these areas.

The partnership between RBAP-MABS and G-XChange, Inc. (GXI), Globe Telecom’s wholly owned subsidiary, has helped develop and implement mobile phone banking applications and m-commerce services for rural banks and their clients.  Based on a secure GCASH menu, mobile phone banking clients of accredited rural banks can receive loans, make payments and deposits, withdraw funds from their deposit accounts, receive money from relatives and friends, and even buy and sell goods remotely via GCASH.

Merchant-partners provide the opportunity for rural bank clients to conveniently deposit cash into or withdraw cash from their mobile wallets.  While rural banks in turn help to …

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GCASH and Guagua Rural Bank Formalize Partnership

Guagua Rural Bank (GR Bank) officially joins the Philippine mobile phone banking community as it formalized its partnership with G-Xchange Inc. in utilizing the GCASH platform to facilitate its mobile phone banking services (MPBS).

Developed under the Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (RBAP-MABS) program, MPBS involves the use of mobile phones in performing bank transactions such as deposits, withdrawals, remittances and loan payments, among others.

Facilitated by the USAID-supported RBAP-MABS program, GR Bank signed a memorandum of agreement with G-XChange, Inc., Globe Telecom’s mobile commerce subsidiary, on February 18 during the Central Luzon Federation of Rural Bank Management Conference in Hotel Stotsenberg, Clarkfield, Angeles City, Pampanga

With this partnership, GR Bank will utilize GCASH to expand its banking operations. Initially, the bank will accommodate cash-in and cash-out and GCASH Remit services.  With these new services available to its banking clients, GR Bank can now further …

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MABS Features

RBAP plans for big time mobile phone banking services expansion this 2010

The Rural Bankers Association of the Philippines (RBAP) projects a substantial increase in mobile phone banking services this year as G-Xchange, Inc. (GXI) plans to activate Globe Telecom’s nationwide sub distributer network of over 18,000 cash-in and cash-out outlets.

Combined with the mobile phone banking services developed by USAID-supported RBAP-MABS program, this will provide the rural banks with a virtual ATM network that more than doubles the current count of about 8,000.  “We see this as an opportunity to leapfrog the rural banking sector’s outreach in the countryside and we are gearing up to accomplish this in 2010,” said RBAP President Joseph Omar Andaya.  

RBAP also has an application pending with Bangko Sentral ng Pilipinas (BSP) to utilize its own closed-loop merchant network. This network will provide cash-in and cash-out locations for RBAP banks’ clients in areas that the sub distributor network does not reach. “We are confident that we …

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Story Archive

From Rags to Reaching New Heights through Mobile Payments – Hazel the Seamstress

Hazel is a seamstress at Bibota Industries, a garments shop that began many years ago making rags that sold at 2 US cents per piece.

With the help of microfinance loans through Green Bank, the company gained reliable and prompt access to credit which kept the business going and growing.

In the past, Green Bank’s account officer would travel 45 minutes by motorcycle to collect loan repayments. A recent innovation of Green Bank now allows Bibota Ind to send payments using their mobile phone via the bank’s Text-A-Payment service. Transactions are cheaper and almost instant for both the borrower and the bank. Mobile payments allow borrower and bank to use their time and resources for more productive work.

Bibota has come a long way and now supplies garments to some of the the country’s leading signature clothing chains.

Truly, a story from “Rags” to “Reaching new heights” through mobile payments …

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Story Archive

Mobile Money Expands Pizza Business

Mrs. Sheila Milan owns W’s Pizza, a pizza parlor with branches in three Mindanao towns (Cantilan, Madrid, and Tandag). In March 2007, Sheila, a borrower and depositor of Cantilan Bank since 2005, agreed to become a bank partner-merchant and started accepting GCASH from her customers. Since then, Sheila has seen her sales expand because of mobile payments.

Now, she is able to accept orders for delivery that are paid through GCASH. All three of her parlors now accept GCASH as payment; the cashiers of the other two branches send their GCASH sales to her at the end of each day phone-to-phone. Early in March 2008, Sheila started selling a popular donut brand in her store. Because she finds mobile phone banking services a more convenient and affordable mode of making payments and money transfers, she talked her supplier into accepting GCASH as well. Sheila said the arrangement has been working …

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Story Archive

Mobile Phone Banking Services Expand Business Opportunities in Surigao del Sur

Loida Llamas owns and operates Pawnshop de Madrid – Madrid, Surigao del Sur’s “homegrown” pawnshop. On the side, she makes and sells trinkets and fashion accessories. Loida, a depositor of Cantilan Bank, decided to accept GCASH from her customers in March 2007; she now uses the mobile phone banking services of the bank for practically all of her business transactions. Loida gets the raw materials for her trinkets from Manila-based suppliers. She now pays them through Text-A-Payment instead of making inter-branch bank deposits. Her sub-dealers likewise remit their sales purchases by sending her GCASH. Loida also sends money phone-to-phone to relatives via Text-A-Remittance.

Loida finds the mobile phone banking services offered by Cantilan Bank  “very convenient”. Through Text-A-Withdrawal, she can withdraw from her deposit account whenever she needs to cash-in or “load” GCASH unto her electronic wallet.  Loida prefers to keep enough GCASH balance so that she can serve customers …

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