AllBank, V5Pay collaborate for customer seamless payment experience
ALLBANK (A Thrift Bank) Inc. officially announces the launch of its groundbreaking QR Payment partnership with fintech company V5Pay.
AllBank and V5Pay collaboration will offer their customers a seamless payment experience. This will allow both the customers and the partners of V5Pay to experience safe and secure cashless transactions through QRPh. V5Pay shall be able to send and receive payments in near real-time from various banks and e-wallets with the interoperability of QRPh.
AllBank President and Executive Director Jesus Vicente Garcia says: “With the steady rise of digital banking in the Philippines, this partnership with V5Pay marks another accomplishment for AllBank in achieving our goal to reach the digital payment landscape. In addition, the integration aligns with the Bangko Sentral ng Pilipinas (BSP) objective of promoting digital payments nationwide.”
V5 Philippines Corp. is a fintech technology company focused on delivering multifunctional, user-friendly payment solutions supported by robust security systems. V5 provides a safe, convenient and affordable digital payments platform to facilitate transactions between merchants, consumers, banks and other financial institutions.
AllBank (A Thrift Bank) Inc. provides specialized financing products and services, aimed at working-class Filipinos and business owners. This partnership is a step forward in AllBank’s move to support financial inclusion. Integrating the QrPH payment system will make transactions more accessible to a broader population segment.
The two companies sealed the partnership at the AllBank Head Office in Shaw Blvd, Mandaluyong City last Aug. 22, 2024.