Tuesday, January 30, 2007

4 million Filipinos use their mobile phone as virtual wallet

With a growing and maturing user base of Filipino mobile phone users, it is no wonder that we now have 4 million Filipinos using their mobile phone as a virtual wallet.

It reaches the point where we have to doubt on the success of non-bank plastic cards as a money remittance tool if they are not integrated with the mobile phone. Especially so that the country is targeting US$14.1 billion remittance in 2007.

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