The country’s largest microfinancial company teams up with the country’s largest rural bank, One Network Bank, to provide more avenues for easier domestic remittance to Filipinos in the south through a Memorandum of Agreement signing held recently in Makati City.
Through the partnership, Filipinos can easily send and receive money to and from their relatives who are based in any part of the country. With Cebuana Lhuiller’s extensive network of branches and plus One Network Bank’s dominance in the Mindanao region, clients can enjoy efficiency and convenience when it comes to domestic remittance.
“We at Cebuana Lhuillier are very happy to be part of this exciting venture with One Network Bank. With their help, we can expand our reach in Mindanao and bring financial services closer to our fellow Filipinos in areas where banks cannot reach them. This is in line with the company’s goal – which is to help the unbanked and underbanked Filipinos increase their financial awareness and give them the means to stand up on their own,” Cebuana Lhuillier Services Corporation General Manager Noel Cristal said.
ONB President Alex Buenaventura shared, “Over the years, we have expanded our initiatives to enhance service delivery especially in countryside locations that have limited financial infrastructure. Through the remittance solution forged with Cebuana Lhuillier, rural areas of Mindanao and Panay will be able to enjoy more options for sending and receiving money.”
One Network Bank is the country’s largest rural bank after the consolidation of three (3) rural banks, namely: Rural Bank of Panabo, Network Rural Bank (Davao), and Provident Rural Bank of Cotabato. As of February this year, the bank has a network of 106 branches strategically located in Mindanao and in Panay with 171 PeraAgad ATMs.
For more information about Cebuana Lhuillier’s money remittance services, visit any of the more than 1,700 Cebuana Lhuillier branches nationwide. You may also visit the official Cebuana Lhuillier Facebook page and follow its official Twitter account: @kaCebuana.
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