Scaling Innovations in Mobile Money - Manila, Philippines
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Company name
Scaling Innovations in Mobile Money
Location
Makati, Manila, Philippines
Website address
Establishment year 2012
E-mail address
Company description
The Scaling Innovations in Mobile Money (SIMM) Project is a two-year initiative that is capitalizing on the past efforts of the U.S. Agency for International Development (USAID) to expand access to financial services through new technologies. By granting the poor and unbanked access to financial resources, they are able to build assets, increase resilience to economic shocks, and participate more actively in the formal economy. Mobile money (m-money) can accelerate the Philippines' progress towards these development goals, as only 26 percent of Filipinos currently have access to formal financial channels. Additionally, 610 out of 1,635 municipalities lack banks. This makes m-money an attractive and secure option for reaching marginalized populations with significant developmental impact.
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It also offers the Government of the Philippines greater transparency and accountability in financial transactions.Listed in categories
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