To advance the use of technology among rural banks, RuralNet Inc. and G-Xchange Inc., the mobile commerce subsidiary of Globe Telecom, signed a Memorandum of Agreement on May 16, 2014 to launch the CashKo money card, a 3-in-1 card that works as an ATM card and allows rural bank clients make transactions through the internet or mobile. From left to right: Mr. Eulogio Castillo; Mr. Butz Aquino; GXI Marketing Director Franchette Cardona; GXI President Paolo Eugenio Baltao; RuralNet Chief Executive Officer Daniel Arcenas; GXI Sales Director Don Alair; Ms. Renia Solinas; and Rural Bankers Research and Development Foundation Inc. Chairman Edward Leandro Z. Garcia, Jr.