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Globe Business gains new partners in rural banks and MFIs PDF Print E-mail
Thursday, 28 August 2008 07:21

IN A bid to help small and medium enterprises, Globe Telecom recently partnered
with three of the biggest microfinancing institutions (MFIs) in the country for
the launching of the Enhanced Micro Text Facility that will give small and medium
enterprises (SMEs) easy access to loan information needed to help their business

Globe, together with GM Bank from North Luzon, Taytay sa Kauswagan Inc. (TSKI) from
the Visayas and Green Bank of Caraga from Mindanao, launched the Enhanced Micro
Text Facility that will enable SMEs to easily and instantly reach these lending
institutions via text. The three MFIs were the first rural banks to avail themselves
of the enhanced microtext service.

According to Tomas Gomez IV, president of GM Bank and current president of the Rural
Bankers Association of the Philippines (RBAP), the enhanced microtext facility
answers the needs of rural banks, allowing them to greatly extend their service
capability and reach out to their clients.

“This service effectively gives our customers access to relevant bank information
like loans, balances, among others, through their cell phones so that even after
banking hours or weekends, and even in the middle of the night, our existing and
prospective customers can access relevant information about our banks and its product
portfolio at the speed of text,” Gomez said.

This was confirmed by Maridol Ylanan of Globe Business, who acknowledged the service
as a facility convenient and hassle-free for rural banks and its clients. It will
allow financial transactions using mobile phones.

“Aside from providing easy access to bank information, the service is also
cost-effective for SMEs as this allows them to cut down on expenses, like
transportation and fuel costs, with fewer trips to the banks,” Ylanan added.

With this service, Globe clients such as GM Bank, TSKI and Green Bank of Caraga can
now offer a text-based service to its customers. They have the privilege of receiving
a directory/list of the MFI branches and their contact numbers, as well as information
on their loan programs, eligibility, documentary requirements, procedures and payment
facilities. This facility also allows clients to inquire on their loan balances and be
reminded when their next payment is due.

To receive a list of services, entrepreneurs can send the following keywords to 2973:
for GM Bank, type MICROGM HELP; for TSKI, type MICROTSKI HELP; and for Green Bank of
Caraga, type MICROGBI HELP. A text message costs P2.50. This service is for Globe and
TM subscribers only.


 Source: www.businessmirror.com

Last Updated on Wednesday, 14 January 2009 09:32

ENCASH Network Services (ENS), the Philippines’ first Independent ATM Network, has recently been accepted by MegaLink, one of the country’s foremost ATM network companies.  A breakthrough in Philippine banking history, this is the first time than an Independent ATM Network has been approved entry by any local Shared-ATM Consortium.

Megalink’s Executive Committee held a meeting last May 4, 2007, and in a letter dated May 7, 2007, announced the approval of ENS’s application as an Affiliate Network member of MegaLink.  Last May 17, ENS and MegaLink officials formally met to discuss the probable partnership.

ENCASH Network Services (ENS) currently has four of the country’s most prominent rural banks as its members, namely GM Bank, the second largest in Nueva Ecija; Bank of Florida, the largest in Pampanga; Bangko Kabayan, the largest in Batangas; and 1st Valley Bank, the fourth largest rural bank in the entire Mindanao.  ENS will install a combination of the latest hardware and software to provide members a secure, advanced, modern, and flexible ATM service, which in turn will bring world-class services to cardholders.

ENS, the country’s only independent ATM Transaction Processor, also allows member banks to enjoy the benefits of advanced ATM services without having to make the significant investments required for a 24/7 operation.  The software will be u/Switchware in its latest release, 3.11.  Among its many unique capabilities, u/Switchware Release 3.11 supports the latest standards of security such as 3DES, EMV (for “Smart” cards) and RSA.  In contrast, many Philippine commercial banks are still on the older, soon-obsolete single DES standard.


encash megalink
Photo shows (L-R) Nilo Agustin – ENCASH Chief Operating Officer, Gie Severino, BDOEPCIB VP Chief Information Officer, Beth Tria – ENCASH Chief Information Officer, Bernadette Arguelles-Ramos MegaLink VP Products & Services, Criselda Santillan – MegaLink VP and General Manager, Benjamin Castillo - MegaLink President, Eric Severino – ENCASH President, Francis Ganzon – Bangko Kabayan President, Teresa David-Carlos – Bank of Florida President, Nicolas Lim – 1st Valley Bank President, Ives Nisce -  Rang-Ay Bank President, Mitch Gomez – GM Bank President, Mike Mapa – ENCASH Director, and Odessa Salvador from Bank of Florida.
Source: Encash News


Last Updated on Wednesday, 27 August 2008 02:33
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