Strong proponent of mobile banking

Mobile banking has grown tremendously over the last five years, thanks mainly to the efforts of rural banks.

Based on the Philippines report of the Bangko Sentral ng Pilipinas (BSP) to the Regulatory Environments to Promote Financial Inclusion in Developing APEC (Asia-Pacific Economic Cooperation) and Other Regional Economies forum held in Melbourne, Australia in March, over 56 rural banks are now engaged in electronic banking—mostly mobile banking utilizing electronic money or e-money—from totally zero in 2005.