AllBank and CycleHouse collaborate to enable digital payments for Riders and Customers
In a significant stride toward transforming the digital payment landscape, AllBank (A Thrift Bank), Inc. is proud to announce the launch of its partnership with CycleHouse. This partnership embraces financial inclusivity by allowing users with smartphones to participate in the digital economy, even without access to traditional banking services. This feature has the potential to empower individuals from all walks of life, from urban centers to rural communities.
“This collaboration marks a pivotal moment in the evolution of financial technology, enabling seamless, secure, and convenient transactions. Through this partnership, we are streamlining the payment process and enhancing the overall user experience for our customers.” Jesus Vicente O. Garcia, President of AllBank
“The vision for this business is to make things better for the customer, aspiring entrepreneurs, and riders through this mobile app. We want to provide customers with a wider range of “lutong bahay” food concepts and more affordable parcel delivery options. Aspiring entrepreneurs who want to enter the mobile app food and parcel delivery business can now franchise this business without spending millions. For the riders, we have incorporated a system to reduce and eliminate fake bookings. And this wouldn’t be possible without the men and women of AllBank who have worked tirelessly to help achieve this vision.” Jefferson Chua, President and CEO of CycleHouse Philippines.
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About AllBank
AllBank is a leading innovator in the financial technology sector, dedicated to simplifying and enhancing the way people manage their finances. With a commitment to innovation and customer-centric solutions, we are reshaping the digital payments landscape and making financial services accessible to all.
Currently, AllBank has 2300+ QRPh Terminals and 100+ Merchants all over the country. AllBank also offers 42 different products and services to its customers and its market – the working-class individuals, as well as Entrepreneurs, Business Organizations, and Micro, Small, and Medium Enterprises (MSMEs).
Providing extended banking services for the convenience of its customers, AllBank has commenced its transformation towards Digitalization. To date, AllBank already has 14 digital banking products and services, with thousands of individual and business users across the country.
About CycleHouse
Cyclehouse started its first store in 2010 and launched its franchising business in 2016 as an expansion strategy. CycleHouse now has the largest number of motorcycle and bike stores in the country since 2018, together with its online franchisees, it now has more than 200 franchisees nationwide. Cyclehouse is a proud member of distinguished franchise associations like the Philippine Franchise Association. In 2017, Cyclehouse was awarded by the Association of Filipino Franchisers, Inc. as the “Most Promising Member”.
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In 2019, Cyclehouse was recommended by former DTI Sec. Ramon Lopez, as one of the few franchise concepts to be included in the Franchise ng Bayan Concept endorsed by the Department of Trade and Industry.
Cyclehouse was featured in top-rated business-oriented shows, “Swak na Swak” and “My Puhunan.” CycleHouse was also rated as Top 11 Most Sought After Franchises in 2020 by Franchise Market PH joining brands like McDonald’s, Red Ribbon, etc.