The Philippines: Mobile Money
Categories
Production Date
Video Length
00:04:45
Asset Language
English
Summary

More than ten million Filipinos work abroad, sending home more than $20 billion a year. But how does it reach their families in remote rural areas when three quarters of Filipinos do not have bank accounts?

Description

More than ten million Filipinos work abroad, sending home more than $20 billion a year. But how does it reach their families in remote rural areas when three quarters of Filipinos do not have bank accounts? Well, every Filipino does have a mobile phone. This new innovative system turns the mobile phone into a mobile wallet, giving people instant access to the money sent to them from abroad.