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 particularly useful for the 8 million Filipinos — 10 percent of the country’s citizens — who work overseas and send money home, like Dennis’ mother, Anna Tiangco. Previously, she sent money via a bank wire transfer, which costs $2.50 and takes two days to clear. The cell phone method costs only 13 cents and is nearly instantaneous.
Powered by ScribeFire.
2 Comments
Floyd Buenavente
Wow this is really goodnews!
text messaging
we use G-cash or Smart Money in the Philippines
Insights from our first Book Club
The first installation of the book club was based on the book ‘Whole Numbers and half Truths: What data can and cannot tell us about modern India’ by Rukmini S. The book was an exploration of the data landscape in India by answering ten fundamental questions about how India operates – from what India ‘thinks, feels, and believes’ to how much money it earns and spends, to how its demography is changing.
Call for Expressions of Interest: Building digital tools to strengthen public discourse
LIRNEasia is pleased to issue a call for expressions of interest (EOIs) to build digital tools to strengthen pluralist, inclusive and fact-based public discourse in Sri Lanka. The detailed call for EOIs can be found here.
LIRNEasia introduces Dissect: a fact-checking tool empowered by AI
LIRNEasia recently unveiled “Dissect” – a cutting-edge web tool employing advanced artificial intelligence (AI) tailored for effective fact-checking. What sets this tool apart is its compatibility with Sinhala websites, and its accessibility to anyone from anywhere in the world, making fact-checking accessible to a wider audience.
Links
User Login
Themes
Social
Twitter
Facebook
RSS Feed
Contact
12, Balcombe Place, Colombo 08
Sri Lanka
+94 (0)11 267 1160
+94 (0)11 267 5212
info [at] lirneasia [dot] net
Copyright © 2023 LIRNEasia
a regional ICT policy and regulation think tank active across the Asia Pacific