Wireless Federation

Smart Communications & Rural Bankers’ Association of the Philippines (RBAP) are in an agreement, aiming to liberalize access to the Smart Money Platform, allowing financial transactions at the speed of a text message. This enables rural bank depositors and borrowers to use their Smart SIM cards for payments and loan disbursement, among others. Smart head for services hub Reynante Banico, said, “By sealing this partnership, RBAP member rural banks now join the ranks of our esteemed Smart Money partners, allowing them to reach over 34 million Smart subscribers; to connect to the country’s more than 7,000 automated teller machines; and to access more than 100 Smart Wireless Centers and thousands of MasterCard and Smart Money fulfilment partners across the country and all over the world.” RBAP-member banks all over the country will be accredited as Smart Money Centers, allowing them to convert electronic cash from their Smart Money wallet into physical cash, or the other way round.
“By liberalizing access to Smart’s tried and tested mobile commerce innovations and solutions, we are optimistic that our partnership will enable us to reach out to more unbanked and underbanked Filipinos in the countryside, and even around the world,” Smart Chief Wireless Advisor Orlando Vea said.
“The RBAP welcomes this partnership with Smart as it will provide RBAP and our member rural banks with more and better opportunities to enhance our services to our clientele. Smart’s advanced mobile commerce technology combined with RBAP’s strong countryside network, will provide our customers with a fast, secure, and efficient way of transmitting funds anytime, anywhere,” RBAP President Tomas Gomez IV said.

Wireless Mobile Telecom Wireless News