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 part of the country, so there is a vested interest in m-money.
At present about 5% is going through informal channels according to the Filipino central bank. According to respondents about 80% sent through banks.
Workers need access to bank accounts in both the remitting and remitted country for remittances through banks. This is a limitation. M-money may not necessarily need an account in the remitting country.
Filipino workers generally prefere formal channels. Todays presentation will focus on…

Dr. Randy Spence spoke of his experiences in Somalia, where there isn’t much government to speak of. But people are using ICTs.


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