How one start-up is turning smart phones into “ATMs”

MOUNTAIN VIEW, Calif. – When it comes to dollar remittances, the Philippines is one of the top countries in the world, along with India, China, and Mexico. Last year, remittances to the Philippines reached a record-high of $26 billion. Now tech leaders want to make it even easier for people to transfer money. North America Bureau Chief Paul Henson went to California’s tech capital to know more about a start-up company that wants to put the power of money transfer at your fingertips.