A World Bank study has cited the Philippines as a model for mobile banking, which give the poor a tool to access bank services.
The study done by the Consulatative Group to Assist the Poor, a group funded by the World Bank, said mobile banking use mobile phones to bring financial services to people who would otherwise have no access to banks.
It noted that there are more than one billion people worldwide who are unbanked, yet have access to mobile phones. “and by 2012, that number is expected to grow to 1.7 billion people,” it said.
The study estimated the global mobile financial services market at 3 billion people. It projected that 364 million, low-income, unbanked people could use mobile financial services by 2012 and that mobile network operators stand to earn $7.8 billion in direct and indirect revenues from serving clients in 2012.
Among developing countries, the study that the Philippines provides a window to mobile banking. About 1.6 million or half of the active mobile users in the Philippines are unbanked, and 26 percent of active users have incomes below $5 per day. –Roderick T. dela Cruz, Manila Standard Today
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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