LBC and PisoPay strike alliance to meet rising remittance and e-com needs
LBC continues to expand its service reach by partnering with companies who share their vision of bridging Filipinos, wherever they may be. Last November 20, it signed an agreement with PisoPay.com to be their newest remittance partner, during signing rites held at Two Ecom center, at the Mall of Asia Complex.
The LBC Team was represented by Oliver Valentin, SVP Philippine Branch Operations and Eduardo Ibazeta, Money Sales Manager for Domestic Operations. Pisopay signatories were Chairman Jae Jung Jang, Managing Director Mr. Jin Su Kim and President Ariel Surca.
A financial technology company and a licensed remittance and transfer company regulated by the Bangko Sentral ng Pilipinas, PisoPay aims to deliver a fully unified and secure financial and payments cloud-based application to enable organizations with end-to-end payments capabilities. A trusted payment platform which is now taking a more aggressive stance in the e-commerce platform, PisoPay.com provides gateway platforms to their remittance partners in Japan, Hong Kong and Korea.
Negotiations on commercials and system integration of the two companies began in 2017 when PisoPay contacted LBC to propose a fulfillment partnership of their remittance and e-commerce services. A year after, PisoPay became an official payout partner of LBC and soon, an e-commerce pay collect service will be launched.
With the alliance, LBC and PisoPay hopes to build a formidable network that will help meet the needs of Filipinos, especially individuals without bank accounts, so they can send and receive money without worrying about steep fees and secure transactions.
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