1st Valley Bank Highlights its Mobile Banking Services

The officers and staff of 1st Valley Bank Zamboanga Del Norte branch welcomed officials of the United States Agency for International Development (USAID) composed of Director Andrew Plitt (ASIA/Special Project Office), Myra Stokes and Teresita Espenilla of USAID/Philippines on July 20, 2011.  On hand to provide the briefing on the USAID-supported Rural Bankers Association of [...]

Mobile Phone Banking and New Technologies: Providing New Channels to Serve Clients Better, Faster, and 24/7

Alternative ways of delivering banking services are changing the way rural banks are servicing their clients. Not only that, these innovations are also helping the Philippine Government reach families at the bottom of the economic pyramid. During the 2011 RBAP-MABS National Roundtable Conference, rural banks shared how technology has been useful to them in expanding [...]

A Fresh Perspective on Mobilizing Micro–Deposits

Micro-deposit generation is a key strategy in building more stable banks to support their credit operations and service the savings needs of the public, particularly the lower income groups. Banks unable to execute an effective micro-deposit strategy are risking being left behind in the marketplace, especially if they do not consider the perspective that broadening [...]

1st Valley Bank expands Mobile Phone Banking Services

In November 2010, 1st Valley Bank, a Northern Mindanao-based rural bank, launched a channel management initiative to support its mobile phone banking services with technical assistance from the USAID-supported RBAP-MABS Program and the Bill & Melinda Gates Foundation through a grant to Mercy Corps and MICRA Philippines. The bank assigned three channel officers to promote [...]