Research report on mobile money in the Philippines

I need you to do research and write a 4 - 6 page report on the current state and the developments related to mobile money in the Philippines. In particular, I'd like you to cover the SMART Money and the GCASH services in greater depth. Please focus on the unique challenges and opportunities that the local market presents and try to get to the root of why mobile money has been so successful in the Philippines in recent years.

Other than the finished report, I also need a 1 - 2 paragraph summary that would get people excited about reading it.

Separately, you should provide an annotated list of all resources that you have used.

Your style should strike a balance between academic and popular - not too dry but not too chatty either. Audience will be well educated, and a percentage of them will also be quite well versed in the subject matter, although most will not be very technically adept, so concepts need to be explained clearly, with appropriate background.