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  • “Global mobile banking set to soar over the next five years... from 20 million users in 2008 to 913 million users in 2014, a CAGR of 89%...”

    Berg Insight, March 2009

  • “GSMA believes international remittance recipients will double to more than 1.5 Billion quadrupling the size of the international remittances market to more than US $1 Trillion by 2012”

    GSMA, February 2007

  • “Mobile phones will be used to conduct almost 300 billion transactions worth over $860 billion by 2013 twelve-fold increase in just five years.”

    Berg Insight, March 2009

  • “Global mobile banking is forecast to hit $202 billion by 2012 60 percent from the Asia Pacific region.”

    The Philippine Star, December 2009

  • “Dying cheques mark changing times most likely to replace the cheque is mobile payments.”

    BBC News, February 2009

  • “Four billion mobile phones in the world and only 1.6 billion bank accounts. By 2011, mobile banking will become more than three times more popular than traditional banking.”

    BBC News, February 2009

  • “Financial institutions can use online and mobile banking to attract small- and micro-businesses representing a $2 trillion opportunity in deposit and loan balances in the US alone.”

    Online Banking Reports

dec 12 2011

MegaLink and TelUPay sign off pilot project for Mobile Banking Facility


MegaLink and TelUPay recently signed a Memorandum of Understanding (MOU) for the pilot use of TelUPay's Mobile Enterprise Solution (MES) by MegaLink. TelUPay also powers the mobile banking system of some of the country's leading commercial banks.

The proposed MegaLink mobile service will enable cardholders of MegaLink members to do balance inquiry, funds transfer, airtime load purchase and bills payment, as well as, tap opportunities in other fields of mobile payments such as remittance and micro financing, servicing both the banked and unbanked.

The significant occasion was held in MegaLink's corporate office at OneE-comCenter, Mall of Asia Complex, and spearheaded by MegaLink President and CEO Benjamin P. Castillo and TelUPay (Philippines) Inc President Jose Luis Romero-Salas.

For more information on MegaLink and TelUPay, visit www.megalink.com.ph and www.telupay.com.

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