Mobile solution for Philippines

[img_assist|nid=7125|title=|desc=|link=none|align=left|width=100|height=100]Owing to Mobile Money Transfer partnership more than 8 Mio of Filipinos from abroad will be able to furnish a financial assistance for their families without unnecessary losses for themselves. Paybox and Globe Telecom, pioneer mobile operator in the Philippines have joined their efforts for enlarging the range of their remittance network solutions. For the present the main task of the partnership is extending and optimizing paybox mobile Commerce Portfolio and also fixing and intensifying Globe Telecom's leading remittance service GCASH.

Both companies teamed up strategically to offer Overseas Filipinos all over the world more convenient and cheaper way to send money home. In 2007 the total sum of all remittances sent to the Philippines reached more than US$ 14billion that is 14% of the Philippines GDP.

Paybox via its portfolio of products introduced mobile Commerce, mobile Payment services with mobile operators and financial service providers in countries both of developed and emerging markets. Applying mobile commerce and mobile money opportunities in developed markets, the transfer becomes faster and costs less which provides convenience and security to foreign workers.

And in emerging markets such as Philippines remittance motivated the creation of GCASH. Remittances act as a catalyst for mobile Money solutions providing an effective way for customer sign ups and loading money into accounts. At any of the 6000 GCASH partner outlets in Philippines people could pay their bills and pay for purchases and services just by sending a text message.

The strategic partnership interfaces the paybox Mobiliser Platform and Globe Telecom's remittance service GCASH to provide mobile Money Transfer Channels for mobile operators and financial service providers.

"Jointly with Lari Exchange, the leading financial exchange in the U.A.E., paybox and Globe Telecom have already opened the first channel successfully" states Eckhard Ortwein, CEO of paybox. "Now, we are enabling further mobile Money Transfer channels between the Philippines and sender markets in Asia and the Middle East."

From the 20th to the 22nd of May paybox will be put into public use in Australia and from the 17th to the 20th of June - at the CommunicAsia in Singapore.