Smart teams up with First Macro Bank for mobile money services

13 December 2012] Leading wireless services provider Smart Communications, Inc. (Smart) has partnered with First Macro Bank, Inc. to bring the benefits of mobile money to more farmers and rural enterprises in Southern Luzon and Metro Manila.

Applications for a Smart Money account will soon be accepted and processed in First Macro Bank’s 15 branches and offices in Cavite, Laguna, Rizal, Las Piñas, Muntinlupa, Pasig, Pateros, and Taguig.

Smart Money is the world’s first electronic wallet service which allows Smart’s 52 million subscribers to transfer money electronically to any Smart subscriber, pay bills using their mobile phone, reload their Smart prepaid accounts, and do cashless shopping online and in more than 32 million MasterCard merchants worldwide.

Smart Money users will soon be able to reload their account and convert electronic money into physical cash in any branch of First Macro Bank.

The rural bank will eventually use Smart Money to disburse commissions, loans, and salaries, as well as to collect loan payments and savings.

“Our partnership with First Macro Bank reinforces our efforts to give more Filipinos a secure, convenient, and fast way of completing different financial transactions. Soon, more farmers and owners of rural enterprises will be able to deposit money and pay loan amortization with a few clicks on their mobile phone. They will save time and effort and can thus focus more on their work and family,” said Maybelle Santos, Smart senior manager for financial services.

“First Macro Bank believes that technology will continue to bring more convenience to our clients. This is just the start of continuous development. With Smart’s platform and dynamism, this is just the beginning of bringing better service to our clients and the communities we serve,” said First Macro Bank president Reginald Ocampo