AllBank and SouthBank sealed a partnership to bring digital banking solutions in parts of Mindanao
AllBank officially announced the groundbreaking of its partnership with SouthBank, a rural bank based on Mindanao. This partnership intends to transform the financial services in the rural areas, aiming to provide accessible and convenient financial transactions to customers.
Under the agreement, AllBank and SouthBank will work together for the deployment of POS Cash-Out Terminals, a Cash Management Solution for Cash Withdrawals and Balance Inquiries of Bancnet Cardholders.
“This partnership with SouthBank promotes financial inclusivity and efficiency in the rural areas. We are excited to see the success of this partnership, as we provide extended banking services for the convenience of our customers.
As the two highly digitalized financial institution collaborates, it is expected to create a significant impact in the financial system in the country as we empower the social progress of our fellow countrymen.” Jesus Vicente O. Garcia President and Executive Director of AllBank said.
“We share with AllBank the excitement and optimism that this partnership will enable us at Southbank to offer our clients and the public a different kind of elevated banking experience.
This collaboration will further enhance our pursuit of becoming an effective agent of financial inclusivity in this part of the country.
We extend our heartfelt thanks to the Board and Management of AllBank, most especially to President Vic Garcia for their trust and confidence.” Wilhelmino R. Mendoza, President and Executive Director of SouthBank said.