AllBank, CycleHouse collaborate to enable digital payments for riders, customers
IN a significant stride toward transforming the digital payment landscape, AllBank (A Thrift Bank) Inc. proudly announces 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,” says Jesus Vicente Garcia, president of AllBank.
Jefferson Chua, president and chief executive officer of CycleHouse Philippines, says: “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 (home-cooked) 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.”