The Rural Bankers Research and Development Foundation Inc. played host to senior officers from Sri Lanka’s Bank of Ceylon January 12-13, 2010. Composed of seven managers and information technology officers from the bank, the study group visited the Philippines to learn about the country’s renowned remittance and mobile phone banking industry and operations.
The USAID-funded Microenterprise Access to Banking Services Program
(MABS) has played a key role in establishing and advancing rural banking services and mobile phone banking since 1998.
Facilitated by the foundation and Utiba, the mobile wallet developer that enabled the implementation of Globe X-Change Inc.’s GCASH platform, the study tour included visits to the Rural Bankers Association of the Philippines (a close partner of the MABS program), Bangko Sentral ng Pilipinas, PR Bank, and Greenhills Shopping Center.
MABS representatives gave a presentation on the MABS Program and its mobile phone banking initiative to orient the bankers on the MABS-designed mobile banking services. These services are offered by more than 860 rural bank branches and other banking offices in the Philippines. Likewise, Bangko Sentral ng Pilipinas presented its approach to improving the regulatory framework and supervision capability in supporting E-banking and E-money services.