AllBank Expands QR Payment Facility with Salmon Partnership
AllBank signs partnership with Salmon to transform the digital payments ecosystem and make payments more convenient for all. Seated from left to right : Ms. Fritzie V. Loayon, Chief Finance Officer of AllBank, Mr. Jesus Vicente O. Garcia, President of AllBank, Mr. Rafael Luigi S. Montemayor, Co-Founder and Philippines Business Head of Salmon, and Ms. Ma. Theresa R. Palomares, Branch Manager of AllBank.
Manila, Philippines – AllBank (A Thrift Bank), Inc. has announced its partnership with consumer fintech Salmon to provide a convenient mode of payment for customers using QR Ph, which enables payments to merchants from consumers’ accounts.
The partnership agreement, signed on September 1, 2023 at the AllBank Head Office in Mandaluyong City, will unlock an opportunity for customers to make payments to thousands of merchants
across the Philippines, with international payments capability to follow in the near future.
“I am very happy with this partnership with Salmon, as it provides a great opportunity for AllBank to broaden our QR Payment Facility. This is another breakthrough for AllBank towards our mission of boosting our digital payments initiatives for a cash-lite environment,” said Jesus Vicente O. Garcia, President of AllBank.
“We are excited to grow the fintech ecosystem in the Philippines with the support of such stellar partners such as AllBank. We are working together to provide a seamless payment experience and hope that our work will help expand financial inclusion for all,” said Raffy Montemayor, Philippines Business Head and Co-Founder of Salmon.
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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+ QR Ph 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 Salmon
Fintech Holdings
Ltd (“Salmon”) was founded in July 2022 by banking and fintech veterans Pavel
Fedorov, George Chesakov and Raffy Montemayor. The company doubled its client
base in only 2 months and more than 90% of customers use the Salmon app for
payments.
Salmon acts as a
platform that allows customers to access financial products from the following
partners that are registered with the SEC in the Philippines:
·
Sunprime Finance Inc. – SEC
Registration Number CS201916698 with Certificate of Authority Number 1241
(Online Lending Platform)
·
FHL Financing Company, Inc. – SEC
Registration Number 2022100071291-07 with Certificate of Authority Number
F-22-0038-29 (Service App only)
Please read the terms and conditions before availing any loan from
Salmon’s financing partners.
Media contacts Salmon: [email protected]