Tag Archives: bank
Migrant results from teleuse@BOP3 carried in Sri Lanka media
The Sunday Times (English) and Ravaya (Sinhala) carried the results of the migrant component of the teleuse research, making direct reference to the need to set the rules in place, a topic that was addressed in a previous issue of the Times by M. Aslam Hayat. “The challenge for mobile operators is to make a [...]
First instalment of LIRNEasia’s contribution to Lanka Central Bank’s policy making on mobile money
One of the greatest contributions that can be made to help people pull themselves out of poverty is to facilitate safe, secure, low-cost transactions. Mobile payments which are potentially accessible to almost the entire populations of emerging economies need to be encouraged in this regard. At the beginning of the year, the Central Bank of [...]
Colloquium: Mobile 2.0: m-money for the unbanked
Colloquium conducted by Dr. Erwin Alampay of NCPAG, Philippines. Presentation began by looking at the potential for M-money. Why should we use m-money? Improving efficiency: Improve services, financial services. BOP a target. BOP (migrants) relies on various forms of remittances Looking at Filipinos, 9% of BOP had a relative living abroad, and 13% in another [...]
Cellphones as wallets: Royal Bank of Canada, Visa test mobile technology
Royal Bank of Canada and Visa Canada announced Thursday (Nov 1) they are testing technology that would allow people to use their cellphones as electronic wallets. The bank and credit card company said they are launching an Ontario-based pilot project, to be conducted in three stages in 2008, that would allow consumers to simply swipe [...]
Cell Phones Double as e-wallets in RP
Cell phones double as electronic wallets in RP By Oliver Teves Associated Press Last updated 10:42am (Mla time) 09/30/2007 Philippine Daily Inquirer SAN MIGUEL, Philippines–It’s Thursday, so 18-year-old Dennis Tiangco is off to a bank to collect his weekly allowance, zapped by his mother–who’s working in Hong Kong–to his electronic wallet: his cell phone. Sauntering [...]
Mobile money in the Philippines
Cell phones double as electronic wallets – Yahoo! News Mobile banking services, which are also catching on in Kenya and South Africa, enable people who don’t have bank accounts to transfer money easily, quickly and safely. It’s spreading in the developing world because mobile phones are much more common than bank accounts. The system is [...]
More mobile money moves
Close on the heels of Hutch’s mobile-to-mobile payment service and Dialog’s EZ Pay solution, comes a platform-independent solution from the bank which introduced ATMs to Sri Lanka in the 1980s. LANKA BUSINESS ONLINE – LBO Sri Lanka’s Sampath Bank’s has started an electronic cash transfer method lets account holders transfer cash to all mobile brands [...]
Mobile phone banking being piloted in India
Hindu Businessline ICICI Bank is gearing to conduct a test run next month. The bank has tied up with Airtel and mChek for the purpose, said Mr Sachin Khandelwal, Head – Cards Product Group of ICICI Bank. “A virtual card will be created on the phone through which an individual can carry out complete banking [...]
Mobile money transfers services awaiting Govt approval in India
A number of Indian mobile operators have been pilot-testing transferring money using mobile handsets. There are 160 million mobile subscribers in India far outnumbering the bank branches in the country (70,000). The service could potentially allow mobile users to transfer money electronically via the handset directly and instantaneously to another mobile subscriber in the country [...]
Why no toll free numbers?
Sri Lanka completed a major change in the numbering plan in 2003. That included provision for toll free numbers. However, from the report below, it appears that the necessary implementation actions have not been taken. LANKA BUSINESS ONLINE – LBO Though Sri Lanka does not have a toll free number system, HSBC has arranged with [...]
Teleuse and Living Conditions in the North & East (Sri Lanka)
Findings from two surveys The Centre for Poverty Analysis (CEPA) held its twenty-seventh Open Forum, to discuss “Living Conditions of the North and the East” of Sri Lanka in relation to the rest of the country from the findings of the Consumer Finances and Socio Economic (CFS) survey 2003/2004 conducted by the Central Bank. This is the [...]
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