Philippine Daily Inquirer — WANT TO MAKE deposits into your bank account without actually dealing with a bank? How about paying bills, or cashing in the money your mother, father, brother or sister sent your from abroad by simply taking a few steps out of your front door?
These things, which used to be impossible unless you lived right in the center of the Makati Central Business District, could soon be the norm for the rest of the populace.
This is the idea behind Globe Telecom Inc.’s plan to create the country’s largest financial services network with the help of its 15,000 vendors.
Globe will turn its sub-dealers, or vendors who distribute products like prepaid credits or SIM cards to be sold to consumers, into cash-in and cash-out points for the company’s electronic money service GCash, creating a network of informal automated teller machines (ATMs) throughout the archipelago. Read the rest of the article on Inquirer.net.
