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
Nov 16 – International Day for Tolerance
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Invoke Article 33 of the ILO Constitution
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against serious violations of
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November
Nov 2 – Intl Day to End Impunity for
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Nov 9 – World Science Day for Peace
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Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
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Filipino Values Month
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Nov 19-25: Global Warming and
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Population and Development Week
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18-Day Campaign to End
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Week 2: Week 3: Drug Abuse Prevention
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Last Week: Safety and Accident
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