Filipino Numbers with Bank Accounts Grow - Industry Comments

Sudhesh Giriyan, COO of Xpress Money:

“Just like many other countries around the world today, the Philippines is taking major steps toward enhancing financial inclusion – and, during the coming years, we can expect to see a much better banking availability throughout the country. However, as the adoption of mobile devices continues to sky rocket, there is a huge potential for mobile money in the Philippines. Following the success we’ve seen in Africa’s embrace of mobile money, and given the tech savvy nature of many Filipinos, we anticipate a significant increase in the number of transactions on mobile devices there in the near future.”