Close  

Cebuana Lhuillier, LBC team up

/ 05:06 AM August 19, 2019

Microfinance services provider Cebuana Lhuillier and logistics provider LBC Express Inc. have teamed up to scale up their footprint in the highly competitive remittance business.

The partnership is seen as a practical step to dominate the last mile in the local money transfer business.

ADVERTISEMENT

Leveraging on Cebuana Lhuillier’s 2,500 branches nationwide and LBC Express’ 1,400 cargo and logistics facilities, the partnership will provide Cebuana Lhuillier clients access to a wider range of domestic remittance facilities, leading to more convenient and more accessible money transfers to their recipients.

“For more than 30 years, we have been committed to ensuring that every Filipino will have access to the financial services they need. This partnership with LBC Express is a testament to our company’s decades-long commitment to provide relevant services by continuously expanding our reach, developing more innovative platforms, and exploring more untapped channels to enable the unbanked and underbanked Filipinos better access to financial services,” said Jean Henri Lhuillier, Cebuana Lhuillier president and CEO.

Cebuana Lhuillier senior executive vice president Philippe Andre Lhuillier added: “Both Cebuana Lhuillier and LBC are known in the industry for providing linkages to Filipinos and their loved ones. Through this partnership, KaCebuanas, regardless of their location in the Philippines, will have access to additional domestic remittance outlets available nationwide through LBC’s network.”

“This joint venture will allow us to expand our services, offer more convenient and innovative solutions and, ultimately, move more lives. This meaningful tie-up is in line with our mission to bring our services closer to everyone,” said Miguel Angel Camahort, LBC Express Holdings president and chief executive.

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Business, cebuana lhuillier, LBC
For feedback, complaints, or inquiries, contact us.
newsinfo

Pregnant woman busted for drugs in Quezon City

September 18, 2019 02:36 PM

newsinfo

Bali-Perth flight diverted to save passenger’s life

September 18, 2019 02:33 PM

lifestyle

Music video review: Charli XCX’s ‘2099’

September 18, 2019 02:30 PM

business

Realty firm expands in Bacolod with 3 projects

September 18, 2019 02:21 PM



© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.