In the Philippines, more and more people are using mobile phones to take out and repay loans, buy goods, make donations, and even purchase fast-food burgers. In 2004, Globe Telecom developed a unique mobile payment platform called “G-Cash,” which transforms a mobile phone into a virtual wallet for secure, fast, and convenient money transfers. By March 2007, there were over 500,000 active users sending and receiving more than $100 million/month in G-Cash related transactions in the Philippines.