Working under contract to the
U.S. Agency for Inter-national Development and other foreign aid donors,
Chemonics designs and implements development projects in many of the world’s
developing coun-tries. Integrating a range of consulting capabilities, we offer
solutions in financial services, private sector development, health,
envi-ronmental management, gender, crisis prevention and recovery, democracy and
governance, and agri-culture. Through our work, we promote meaningful change by
helping people live healthier, more pro-ductive, and more indepen-dent lives.
Philippines Microfinance Access to Banking Services Program
The Philippines is the text-messaging capital of the world. About 45 million Filipinos own cell phones and send more than 1 billion text messages a day.
But there is more to text messaging than personal communications. With the help of USAID, Filipinos are using their cell phones to bank. These services, designed by the USAID-support MABS program, allow clients to deposit and withdraw from their bank accounts, receive and pay loans, receive and send remittances and even handle payroll services via their cell phones. The MABS program linked with Globe Telecom to utilize the GCash platform to facilitate the MABS-designed mobile phone banking services. G-Cash essentially turns a cell phone into an electronic wallet that people can use to send and receive payments via text saving clients time and money.
Low bandwidth download version: Right-click and select "Save Target As" to save to your computer: Download MABS Film
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