Mobile Phone Banking Blog

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Text-A-Withdrawal Makes Access to Mobile Money Easier

Mr. Archiebald “Archie” Beldad owns a pharmacy located in the town center of Cantilan, Surigao del Sur. Archie who is a registered client of Cantilan Bank begun to accept GCASH for payment as well as to purchase and sell small amounts of GCASH for his customers in March 2007. Archie has a good credit record with the bank, where he has maintained a deposit account for several years. He uses the convenience of the Text-A-Withdrawal facility to withdraw from his deposit account and load up on GCASH.

cbalingit :: Sep.26.2008 :: mobile phone banking client stories :: No Comments »

Text-A-Payment Helps Rural Bank Clients Maintain Perfect Repayment Record

Mrs. Erlinda Ramos is one of Cantilan Bank’s KITA clients using Text-A-Payment. “I am a KITA client. I used to walk 3 kilometers every Monday to meet the account officer in Paniquian. I was happy when I was told that I can pay my loan through Text-A-Payment. Now, without leaving my house, I can still maintain a good repayment record with the bank.”

cbalingit :: Sep.25.2008 :: mobile phone banking client stories :: No Comments »

Text-A-Remittance Saves Time & Money

Mrs. Rebecca Congreso shares how the Text-A-Remittance service helps save her time and money. “My husband works in Butuan City and every week, he sends me PhP1,000. He used to send it through a pawnshop but when I learned that getting my P1,000 only costs PhP10 if he sends it through Text-A-Remittance, I told my husband to send the money through GCASH. I get the money right away! With the pawnshop, he would spend PhP125, PhP65 for the service charge and I spend round trip fare of PhP60. In addition, I normally wait until the afternoon before I get my money. It’s so easy with GCASH!”

cbalingit :: Sep.25.2008 :: mobile phone banking client stories :: No Comments »

Mobile Phone Banking Services Expands Access in Rural Communities

Cantilan Bank identified the upland area of Ban-ban - a small sitio in Barangay Paniquian of Carrascal town – as one of the places to promote their Text-A-Payment service. Banban is relatively hard to reach due to rough, dusty roads that zigzag and are quite steep at some stretches. Cantilan Bank’s main branch has around 45 microloan clients in Banban, borrowing in groups or individually. Group loan borrowers gather weekly with their payments on hand to meet and give their payments to the bank’s account officers, who go to the center of Bgy. Paniquian for weekly collections. On the other hand, individual borrowers have to go to the bank to pay.

cbalingit :: Sep.25.2008 :: mobile phone banking client stories :: No Comments »

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.

cbalingit :: Sep.25.2008 :: mobile phone banking client stories :: No Comments »

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