July 14, 2013 | Posted by: Moneymax | Lifestyle
July 14, 2013
For years, the Bangko Sentral ng Pilipinas has been working with the mobile industries in the Philippines to generate an environment that can facilitate the success of electronic money market.
Our country is one of the most advanced mobile money markets in the world due to the accelerating rate of mobile adoption among the Filipinos. With just a few simple clicks on their mobile phones, they can access and conduct various banking transactions. Who can really resist the desires to own a personal bank that can fit in the pockets and be carried around?
.With just a few simple clicks on their mobile phones, they can access and conduct various banking transactions. Who can really resist the convenience to own a personal bank that can fit in the pockets and be carried around?
In 2001, SMART Communications Inc. launched the SMART Money in partnership with the Banco de Oro (BDO). The SMART Money is an electronic wallet which can replace the role of a regular bank account as users can perform bank account transactions such as bill payments, money transfers, and airtime reloads by using the SMART Money technology via a SMART mobile phone.
With the SMART Money MasterCards, the needs to have a bank account, ATM cards or debit cards will never cross our mind. Yes, we can use the SMART Money technology via either the SMART Mobile Phone or the SMART Money MasterCard.
The SMART Money Menu is available in all SMART mobile phones. Here are three steps to perform the money transactions:
1. Pull out your phone from your pocket (or any places)
2. Open the SMART Money Menu
3. Select your preferred money transaction services
It’s convenient and hassle-free. You can conduct bank transactions with your mobile phones all the time.
The SMART Money MasterCard is a multi-purpose debit card. The functionalities of the SMART Money MasterCards are the following:
There are two types of SMART Money MasterCards in the Philippines. If you wish to learn more about it, let’s proceed to the SMART Money in The Philippines (Part 2): The Features of SMART Money MasterCard.