Sri Lankan Bankers Study RBAP-MABS Mobile Phone Banking Initiative

The Rural Bankers Research and Development Foundation Inc. (RBRDFI) played host to senior officers from Sri Lanka’s Bank of Ceylon on January 12-13. Composed of seven managers and information technology officers from the bank, the study group visited the Philippines to learn about the country’s renowned remittance and mobile phone banking industry and operations.
Facilitated by the RBRDFI and Utiba, the mobile wallet developer that enabled the implementation of Globe X-Change Inc.’s (GXI) GCASH platform, the study tour included visits to RBAP-MABS, the Bangko Sentral ng Pilipinas (BSP), PR Bank and Greenhills Shopping Center.
MABS gave a presentation on the MABS Program and its mobile phone banking initiative to orient the bankers on the MABS-designed mobile banking services. These services are offered by more than 860 rural bank branches and other banking offices in the Philippines. Likewise, the BSP presented its approach to improving the regulatory framework and supervision capability in supporting E-banking and E-money services.
On January 12, the Sri Lankan delegates got to experience mobile banking and mobile commerce services in action by witnessing GCASH cash-in and cash-out transactions at PR Bank. They also made mobile commerce purchases using GCASH with merchants at the Greenhills Shopping Center.
Through observation of operations, presentations from stakeholders, and field experiences, the Sri Lankan delegates determined the factors that contributed to the success of the mobile banking and remittances using mobile wallets such as GCASH. They studied how mobile phone banking has helped the lives of people in the rural and remote areas of the Philippines, particularly those that could not be reached via traditional brick-and-mortar bank branches.

Bank of Ceylon visit

The Rural Bankers Research and Development Foundation Inc. (RBRDFI) played host to senior officers from Sri Lanka’s Bank of Ceylon on January 12-13. Composed of seven managers and information technology officers from the bank, the study group visited the Philippines to learn about the country’s renowned remittance and mobile phone banking industry and operations.

Facilitated by the RBRDFI and Utiba, the mobile wallet developer that enabled the implementation of Globe X-Change Inc.’s (GXI) GCASH platform, the study tour included visits to RBAP-MABS, the Bangko Sentral ng Pilipinas (BSP), PR Bank and Greenhills Shopping Center.

MABS gave a presentation on the MABS Program and its mobile phone banking initiative to orient the bankers on the MABS-designed mobile banking services. These services are offered by more than 860 rural bank branches and other banking offices in the Philippines. Likewise, the BSP presented its approach to improving the regulatory framework and supervision capability in supporting E-banking and E-money services.

On January 12, the Sri Lankan delegates got to experience mobile banking and mobile commerce services in action by witnessing GCASH cash-in and cash-out transactions at PR Bank. They also made mobile commerce purchases using GCASH with merchants at the Greenhills Shopping Center.

Through observation of operations, presentations from stakeholders, and field experiences, the Sri Lankan delegates determined the factors that contributed to the success of the mobile banking and remittances using mobile wallets such as GCASH. They studied how mobile phone banking has helped the lives of people in the rural and remote areas of the Philippines, particularly those that could not be reached via traditional brick-and-mortar bank branches.