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Published April 15, 2021, 5:00 AM
Security Bank Corporation has sealed a deal with its global partner MUFG Bank, Ltd. (MUFG) that will allow MUFG’s corporate clients to gain access to the bank’s cash management system, DigiBanker.
In a statement, Security Bank said “The agreement aims to provide MUFG’s clients with products and services that are suited to the domestic front while complementing its current product offerings.”
“After months of extensive and fruitful discussions, we are honored to be entering into a Cash Management Partnership Agreement with MUFG,” said Security Bank President and CEO SanjivVohra.
He added that, “With this, MUFG’s corporate clients will gain access to the full range of Security Bank’s cash management portfolio. Our partnership is an incredible opportunity for us to take the best of Security Bank and MUFG and raise the bar for financial service excellence in the region.”
By TED CORDERO, GMA News
Published April 7, 2021 7:05pm US-based international cross-border and remittance payments processor UniTeller Financial Services Inc. on Wednesday announced its partnership with local lender Security Bank Corp. In a statement, UniTeller said that with Security Bank as its payer, Filipino immigrants living in the US will be able to send money to the Philippines “within a matter of minutes via direct account deposit.” Cash pick-up is also available at any Security Bank branch or any automated teller machines (ATMs) across the Philippines. With 314 branches and 777 ATM’s in its network, the addition of Security Bank as a payer of UniTeller increases the accessibility of digital payment channels for users, eliminating traditional pain points experienced by remittance customers in the past such as travel time and in-person transactions at remittance agent locations, the remittance payments processor said.