Mobile Phone Banking Blog

By Lawrence Agcaoili

Philippine Star – The Bangko Sentral ng Pilipinas (BSP) is very bullish on the prospects of mobile banking next year as telecommunications giants Smart Communication and Globe Telecom booked P9 billion worth of transactions in the second quarter this year.

BSP officer-in-charge Nestor Espenilla Jr. said in an interview with reporters that more consumers, particularly families of overseas Filipino workers (OFWs), are starting to appreciate the use of electronic transactions.

“We are bullish on mobile banking. We expect volume of transactions through the electronic money system to grow next year,” he said.

e-transactions involve the payment of goods purchased and services rendered but could also be a conduit for the money sent home by Filipinos working abroad.

“The amount of e-money transactions is already huge, and we expect it to grow further,” the BSP official added.

Read the rest of the article on Philippine Star online.

cbalingit :: Nov.16.2009 :: News :: No Comments »

The Philippines has the “most acclaimed and mature” mobile money programs in the world; thus, there could be no better place in the world to hold a conference of international mobile money technology (MMT) leaders. This was according to the organizers of the Asia Pacific Mobile Money Transfer Conference to be held in Manila this December.

The world’s pioneer in mobile phone banking, the Philippines has one of the most organized, sophisticated and successful mobile money systems in the world. With over PhP 13 Billion worth of mobile money transactions each month, the Philippines exhibits outstanding performance in terms of effective use of mobile phones, mobile money and mobile phone banking services. Read more »

cbalingit :: Nov.13.2009 :: MABS reports & updates, conferences & dialogues, events :: No Comments »

Philippine Star – It is estimated that by 2013, mobile money will be worth about $202 billion, of which 60 percent will be from the Asia-Pacific and Far East regions.

In the Philippines alone, a whopping P13-billion per month worth of mobile money transactions were recorded.

“It exhibits outstanding performance in terms of effective use of mobile phones, mobile money and mobile phone banking services,” organizers of the Asia Pacific Mobile Money Transfer Conference said in a report.

Proponents of mobile money transactions in the region will be holding an international mobile money technology (MMT) in Manila next month.

Read the rest of the article on PHILIPPINE STAR online.

cbalingit :: Nov.10.2009 :: News :: No Comments »