According to Pyramid Research, mobile users in the Philippines use their phones less for talking, and more for texting (the country is the first to see money spent on SMS surpass that spent on voice). Now, network provider Globe Telecom is offering a mobile credit loan system that caters to its customers’ usage habits. With their Share-A-Load program, Globe allows its users to send (via SMS) their phone credits or “loads” to others running low. The service costs PHP 1 (about US .024) for each transaction and is available to prepaid and postpaid Globe subscribers. Donors simply contact an automated number, punch in their pin code, the recipient’s number, and how much money they’re giving and both parties are notified upon receipt. Share-a-Load is a good example of the applicability of SMS beyond just text messaging – something service providers can use to their advantage if they’re clever enough.
[via Springwise]
Facebook
Twitter
Digg
Reddit
StumbleUpon
This news is sooooooo old, just like the mobiles in your pic.
We’ve been doing this in Manila for years!
February 5th, 2008 at 7:55 pm
This looks great..a grand welcome to mobile peer-to-peer lending…
March 2nd, 2008 at 1:04 pm
hi,musta? how can i lend or loan money through sms text or tru text.I badly need money nowadays,iam seeking lending institution to lend me money.How can i lend through text.
tnx,e-mail me ASAP for i need money ASAP.
THANKS.MORE POWER TO YOUR SITE!
August 26th, 2008 at 8:14 am
hello!!!
i would like to borrow 50thou, in 5 months i can give this back to u, and i pay u 10thou every month… u will get 5thou as the accrued interest… ok ba? send me info at my email add: aisemclife@yahoo.com
February 1st, 2009 at 7:24 am
please send me details on how to avail loan amounting to 300,000 for 48 months payments..need it urgently thanks
please email details at hazel_lopez8@yahoo.com
February 27th, 2009 at 7:22 am
hi. i need money soonest possible time with a low interest and long tenure of payment.if there’s someone who can help me pls. call me in 09277892400/09277892402
March 19th, 2009 at 2:11 am
i would like to borrow 30thou with low interest i pay you every months..i need it urgent…please email april_2313@yahoo.com thanks…pls..response asap
March 29th, 2009 at 8:53 am
please send me a mail regarding of borrowing money tru text.about 20 thou. only.
tnx.
May 5th, 2009 at 12:15 pm