tag:blogger.com,1999:blog-7264020219519727946.post6846055632925022357..comments2023-11-02T00:32:19.616-07:00Comments on Law and ICT: The Square That Killed GoliathUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7264020219519727946.post-24068844452418060662010-11-30T17:39:17.340-08:002010-11-30T17:39:17.340-08:00If it's over here, we don't need Square. D...If it's over here, we don't need Square. Due to work far from home, both intranational and international, even LBC has its own Bank now to process "padala."<br /><br />Relative to this, our two biggest TelCos have ATM-via-celphone services provided you set-up the account. It's like setting up a PayPal account through an online credit card provided by a Philippine Bank. Here, you just use the celphone dealership as a bank. You fill up your account there, and you can pay by depositing or by cash transfer via celphone with an additional P10 transaction fee. I'm not sure but you might be able to access G-Cash through BPI since both are within the Ayala umbrella. In any case, given that even garbage collectors have decent celphones here, it shouldn't be a problem. Checking the account balance is real-time, too.<br /><br />The only problem with this system is it's separate from your regular ATM account, unless I am right that there's a way to link the BPI ATM to G-Cash. The problem is that at present it will only be easy when shopping online, either from retailers or buyng used gear from hobby-specific forums (audiophile equipment, photog, etc.) Strolling along and just spotting something isn't likely to be as accessible, however. I mean, who'd keep around 10k in his celphone ATM account, right? Not like you can withdraw that easily when you need to get home, unless the cab driver has SMART Money.Unknownhttps://www.blogger.com/profile/04962347328549657921noreply@blogger.comtag:blogger.com,1999:blog-7264020219519727946.post-63003245534290863292010-11-30T17:25:21.684-08:002010-11-30T17:25:21.684-08:00This comment has been removed by the author.Unknownhttps://www.blogger.com/profile/04962347328549657921noreply@blogger.com