Representatives from Sri Lanka and Thailand visit RBAP to learn about Mobile Phone Banking

Sri Lanka and Thailand Delegates

The Microenterprise Access to Banking Services (MABS) in coordination with Rural Bankers Association of the Philippines (RBAP) on its International Study Visit Program once again conducted a lecture on Mobile Phone Banking (MPB) with its partners from different parts of the globe. Participants last July 13-14, 2011 were from Thailand’s Bank for Agriculture and Agricultural Cooperatives (BAAC) as well as representatives from People’s Bank and Central Bank of Sri Lanka.

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The purpose of the study visit was primarily to learn about the rural bankers’ experience with offering mobile banking services to improve the lives of their clients in the rural and remote places who have limited access to financial system.  They were quite interested in the mechanics of how banks made use of mobile money platforms, how the banks educate their customers, and the important role that the Philippine Central Bank played in creating an enabling environment for mobile money platforms and mobile banking services offered by rural banks.

The group also visited GM Bank to learn first hand how rural bank clients make use of mobile phone banking services.