The OFWs as bank clients also benefited from the improvements in the country’s payments and settlement systems, such as the full interconnection of the three major automated teller machine (ATM) networks; and the continuing approval by the Bangko Sentral of alternative mechanisms for sending money, such as SMS-based applications for remittances.
The Satavahana king Shalivahana (also identified as Gautamiputra Satakarni) is credited with the initiation of this era known as Shalivahana. The Shalivahana era begins its count of years from the year corresponding to 78 AD of the Gregorian calendar. Thus, the year 2000 AD corresponds to the year 1922 of the Salivahana Era.