The Rural Bankers Association of the Philippines (RBAP) on Wednesday ,September 26, met with the Microenterprise Access to Banking Services (MABS) for a hand over ceremony after years of partnership. MABS is an economic program that seeks to develop the expansion of Philippine rural bank s to micro financing by providing training and technical assistance. …
MANILA, Philippines – In 2011, Philippine rural banks processed over P4.9 billion (roughly $116 million) worth of banking transactions which were enabled by mobile banking. In fact, the former head of the Microentrepreneurs Access to Banking Services (MABS) program John V. Owens said a 58-percent increase in the volume of transactions through mobile banking has …
Philippine Star: Mobile Banking Expands in Rural Areas Read More »
One of the leading proponents of opening up the rural banking industry to foreign ownership made several important points on why active foreign participation will not only enable rural banks, which have been present for 60 years, to better compete with its bigger brethren, but also further improve rural banks’ line of services for its …
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