MABS Launches Website for Mobile Phone Banking Clients of Rural Banks
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The MABS Program and the Rural Bankers Association of the Philippines (RBAP), with the support of Globe Telecom mobile commerce subsidiary GXchange (GXI), launched a new mobile phone banking website www.mobilephonebanking.rbap.org - an online resource of mobile phone banking services and a directory of accredited rural bank outlets and merchants accepting mobile cash payments.
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From the website, rural banks and merchants applying for accreditation to offer mobile phone banking and mobile commerce services can download the forms required for accreditation and access instructions and guidelines. Step-by-step instructions and requirements are also available to users of the new mobile phone banking services. The website lists bank branches and merchants that are offering mobile phone banking services and accepting mobile payments, allowing users to easily locate bank branches and merchants nearest their localities.
MABS and RBAP started developing mobile phone banking applications in 2004 to give rural bank clients more convenient, affordable, and secure modes of repaying microloans; sending money; paying for goods, services, and bills; and making deposits and withdrawals. The new mobile phone banking applications give partner banks and merchants fee-based income opportunities. All mobile phone banking applications are short-messaging services (SMS)-based and currently utilize Globe’s electronic money platform, GCash.
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