Delegates from Pacific Islands study Philippine mobile phone banking

A joint study group of 9 members from the Alliance for Financial Inclusion (AFI) and the Pacific Island Central Bankers visited the Philippines on June 21-23, 2010 to learn about Philippine mobile phone banking. Specifically, they were interested in the regulatory approach adopted by the Bangko Sentral ng Pilipinas (BSP) for its successful implementation.
RBAP-MABS, a USAID-supported program, presented to the study group its experiences with rural banks and microfinance clients in developing and implementing its mobile phone banking initiatives using the GCASH platform. The RBAP-MABS team also shared the lessons learned over the past 5 years or so of experience. To date, there are already 62 rural banks with 906 branches offering mobile phone banking services to their clients in the countryside.
The study tour, led by Ms. Alyson Slater from Alliance for Financial Inclusion (AFI), is composed of officials from the Reserve Bank of Fiji, Central Bank of Samoa, Reserve Bank of Vanuatu, Bank of Papua New Guinea, Banking and Payments of Timor Leste, and Pacific Financial Inclusion Programme. AFI is a global network of policymakers in developing countries that provides its members with the tools and resources to share and develop policies which promote financial inclusion.

A joint study group of 9 members from the Alliance for Financial Inclusion (AFI) and the Pacific Island Central Bankers visited the Philippines on June 21-23, 2010 to learn about Philippine mobile phone banking. Specifically, they were interested in the regulatory approach adopted by the Bangko Sentral ng Pilipinas (BSP) for its successful implementation.

RBAP-MABS, a USAID-supported program, presented to the study group its experiences with rural banks and microfinance clients in developing and implementing its mobile phone banking initiatives using the GCASH platform. The RBAP-MABS team also shared the lessons learned over the past 5 years or so of experience. To date, there are already 62 rural banks with 906 branches offering mobile phone banking services to their clients in the countryside.

The study tour, led by Ms. Alyson Slater from Alliance for Financial Inclusion (AFI), is composed of officials from the Reserve Bank of Fiji, Central Bank of Samoa, Reserve Bank of Vanuatu, Bank of Papua New Guinea, Banking and Payments of Timor Leste, and Pacific Financial Inclusion Programme. AFI is a global network of policymakers in developing countries that provides its members with the tools and resources to share and develop policies which promote financial inclusion.