RP gets grant to promote e-commerce - INQUIRER.net, Philippine News for Filipinos

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RP gets grant to promote e-commerce

INQUIRER.net
First Posted 20:02:00 09/24/2009

Filed Under: Technology (general), Internet

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• RP gets grant to promote e-commerce
• Teachers, police to help study poll system
• Vilma is like Sarah Palin ‘but with substance’
• A millionaire at 28 thru e-commerce
• As election nears, DICT campaign continues
• RP declines in IT competitiveness study
• Hackers exploit “Hayden” sex videos
• Google chief eyes new acquisitions
• Roxas vows to wage war on ‘SOPs’
• Son offers sexy photos of mom on Internet

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MANILA, Philippines – The Philippines has been chosen as one of the first recipients of the Mobile Money for the Unbanked (MMU) Fund by the GSM Association, an international organization of telecommunications operators.

The grant aims to create an electronic and mobile money scheme in areas with a population that does not have bank accounts.

The MMU Fund also considers using applications developed by operators in different countries.

In a statement, the GSMA said the MMU Fund should help the organization reach its goal of having 20 million “unbanked” users worldwide to start using e-commerce for their payment schemes.

The MMU Fund is also supported by a $12.5 million grant from the Bill and Melinda Gates Foundation

In the Philippines, telecommunications firm Smart Communications will be one of the four initial recipients of the MMU Fund.

Smart will use the funds to expand its Island Activations Program, which provides microfinance institutions with systems that allow for mobile payment and mobile banking.

The Island Activation Program was started in 2008 in Pollilo Island, Quezon.

The other three recipients of the MMU Fund are Axis in Indonesia, Oi in Brazil, and Roshan in Afghanistan. Alexander Villafania

via technology.inquirer.net

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