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There will soon be 200 new channels for people to get money into and out of a Smart Money account -- the world’s first reloadable payment card linked to a mobile phone.

Leading wireless services provider Smart Communications, Inc. (Smart) has teamed up with CIS Bayad Center, Inc., the country's pioneer in over-the-counter multiple bills payment collection business, to enable all Bayad Center branches all over the country to become ‘money-in, money-out’ (MIMO) centers.

This expands the MIMO network of Smart Money, which already includes over 4,000 Smart Money Centers in every corner of the country, and 100 Smart Stores.    

Now, Smart Money account holders may proceed to the nearest Bayad Center to load funds into his or her Smart Money account. Upon loading, the account holder can start enjoying the benefits of using their Smart Money as an ‘electronic wallet’.

These benefits include the convenience of peer-to-peer mobile cash transfers or buying airtime for their own or their loved-ones’ Smart cellphones, with just a few clicks on their handset, anytime, anywhere.

They may also use the Smart Money card like an ATM card -- to pay for goods and services from partner MasterCard establishments worldwide and online, or withdraw from over 10,000 ATMS in the country and Cirrus ATMs around the world.