BusinessWeek: Filipinos Are Getting The Message

This Business Week Online article captures the essence of Filipino ingenuity, especially that of local telcos, in providing fund-transfer services over-the air. In a country where the mobile phone penetration rate is about 24%, and foreseen to grow to about 45% to 50% by 2005, and whose primary export is its labor force, the telcos have hit it right on the mark with offering such value-added services. The ordinary Filipino seems to have jumped over e-commerce, and went straight to m-commerce (noting that PC-penetration rate is only about less than 1%).

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