Tanzanian and Burundi Central Bankers visit the Philippines to study Mobile Money and Mobile Phone Banking

A study group of 10 key officers from the Bank of Tanzania and the Bank of the Republic of Burundi visited the Philippines on April 5 to 13 under a Knowledge Exchange Program arranged by the Alliance for Financial Inclusion (AFI) and the Bangko Sentral ng Pilipinas (BSP). The representatives came to study the policy and regulatory enviroment around electronic money issuers, as well as the country’s experiences on GCASH and Smart Money.
The Rural Bankers Association of the Philippines Microenterprise Access to Banking Services (RBAP-MABS) program presented its experiences in mobile phone banking supported by USAID/Philippines. The delegates were keenly interested in learning from the experiences of the rural banks in using mobile money platforms to facilitate greater access to banking services.
The delegates visited the BSP to learn about the supervision and regulation of electronic money issuers. They also visited the two pioneering mobile money providers, SMART, which manages the Smart Money services, and Globe’s G-Xchange Inc. (GXI), which operates the GCASH platform.
The Bank of Tanzania delegation was led by Atty. George Sije, Legal Counsel of the Directorate of National Payments Systems. The Burundi delegation, on the other hand, was led by Mr. Innocent Ndabarushimana, Bank of the Republic Burundi’s Chief of the Microfinance Supervisory Department, and Mr. Emery-Gaspard Simbahwanya, Technical Advisor of the Minister of Finance of Burundi.
The delegates were quite impressed with the country’s enabling policy environment, which is both convenient for electronic money issuers and conducive to mobile phone banking services implementation. They also expressed appreciation to rural banks, who shared their experiences and lessons learned in promoting better access to banking services through GCASH.  Since 2006, 60 accredited rural banks with over 900 branches and other banking offices have already processed more than PhP6 billion in mobile phone banking transactions via GCASH, and the banks and transactions are expected to increase substantially in 2010.

A study group of 10 key officers from the Bank of Tanzania and the Bank of the Republic of Burundi visited the Philippines on April 5 to 13 under a Knowledge Exchange Program arranged by the Alliance for Financial Inclusion (AFI) and the Bangko Sentral ng Pilipinas (BSP). The representatives came to study the policy and regulatory enviroment around electronic money issuers, as well as the country’s experiences on GCASH and Smart Money.

The Rural Bankers Association of the Philippines Microenterprise Access to Banking Services (RBAP-MABS) program presented its experiences in mobile phone banking supported by USAID/Philippines. The delegates were keenly interested in learning from the experiences of the rural banks in using mobile money platforms to facilitate greater access to banking services.

The delegates visited the BSP to learn about the supervision and regulation of electronic money issuers. They also visited the two pioneering mobile money providers, SMART, which manages the Smart Money services, and Globe’s G-Xchange Inc. (GXI), which operates the GCASH platform.

The Bank of Tanzania delegation was led by Atty. George Sije, Legal Counsel of the Directorate of National Payments Systems. The Burundi delegation, on the other hand, was led by Mr. Innocent Ndabarushimana, Bank of the Republic Burundi’s Chief of the Microfinance Supervisory Department, and Mr. Emery-Gaspard Simbahwanya, Technical Advisor of the Minister of Finance of Burundi.

The delegates were quite impressed with the country’s enabling policy environment, which is both convenient for electronic money issuers and conducive to mobile phone banking services implementation. They also expressed appreciation to rural banks, who shared their experiences and lessons learned in promoting better access to banking services through GCASH.  Since 2006, 60 accredited rural banks with over 900 branches and other banking offices have already processed more than PhP6 billion in mobile phone banking transactions via GCASH, and the banks and transactions are expected to increase substantially in 2010.