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November 28, 2023

AllBank and CycleHouse revolutionize digital payments for financial inclusivity

AllBank (A Thrift Bank) Inc. has taken a significant step forward in revolutionizing the digital payment landscape by announcing its collaboration with CycleHouse, an innovative endeavor aimed at benefiting both riders and customers.

This partnership is not only about embracing financial inclusivity but also about empowering individuals from diverse backgrounds, whether they reside in bustling urban centers or remote rural communities.

It opens up the world of digital payments to smartphone users who may not have access to traditional banking services, thereby expanding the reach and impact of the digital economy.

“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,” said Bankero Jesus Vicente Garcia, the President of AllBank.

Meanwhile, Jefferson Chua, President and Chief Executive Officer of CycleHouse Philippines, shares the vision behind this collaboration, which goes beyond digital payments. He envisions a better experience for customers, aspiring entrepreneurs, and riders through the CycleHouse mobile app.

It not only offers a broader array of ‘lutong bahay’ (home-cooked) food concepts to customers but also provides more affordable parcel delivery options.

Aspiring entrepreneurs looking to venture into the mobile app food and parcel delivery business can now consider franchising this venture without the need for substantial investments.

For riders, a system has been incorporated to reduce and eliminate fake bookings, enhancing the security and reliability of their work.

Chua also acknowledges the dedication of the AllBank team, whose tireless efforts have been instrumental in bringing this vision to life.

This collaboration between AllBank and CycleHouse represents an exciting leap forward in the evolution of digital payments and services, with the potential to make a positive impact on a wide range of individuals and businesses.