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
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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