Philippines lags behind peers in bank penetration, survey shows

Philippine Daily Inquirer – The Philippines is considered one of the laggards in the Asia-Pacific region in the area of financial services reach, ranking only 12th out of 15 countries in terms of the proportion of working-age population who have accounts with banks or other financial institutions. Results of a regional survey, done recently by [...]

PH market prepares for mobile banking boom

Manila Times - FOR those wondering about the prospects of mobile banking—a key tool for the Rural Bankers Association of the Philippines (RBAP)—this year, Information and Communications Technology (ICT) research firms have made a prognosis that is sure to make any rural bank executive excited. According to its 2012 predictions for the Asia Pacific Region, ICT [...]

Mobile Money for the Developing World

The Asia Foundation – A rapidly increasing number of people across the globe are now staying connected to one another via a mobile phone device – whether it’s an iPhone, Nokia, or Samsung. In fact, the United Nations reported earlier this year that the worldwide figure for cell phone subscriptions had topped five billion at [...]

Conditional Cash Transfer Improves lives

More than a thousand people waited in line to receive their second cash payment from the Conditional Cash Transfer (CCT) or Pantawid Pamilyang Pilipino Program (4Ps) in Tabogon, Cebu last July 26, 2011. Green Bank, a participating bank of the United States Agency for International Development (USAID)-supported Rural Bankers Association of the Philippines-Microenterprise Access to [...]