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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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