Globe, PSBank forge GCASH partnership

Globe, PSBank forge GCASH partnership
By EMMIE V. ABADILLA
July 27, 2011, 2:50am

MANILA, Philippines — Globe Telecom has partnered with over 70 banks across the country, the most recent being the Philippine Savings Bank (PSBank) and its electronic money transactions has surpassed the P5-billion mark so far.

The telco’s most recent partnership with the thrift banking arm of the Metrobank Group will enable Globe subscribers with registered PSBank accounts to access PSBank’s electronic banking service anywhere they are, anytime of the day.

They can enjoy doing various financial transactions such as payments, account inquiries and reloading from their PSBank account to their enrolled GCASH wallet and vice-versa.

PSBank account holders who have enrolled for subscription, on the other hand, can also receive bank alerts for debit transactions, below-minimum-balance advisories, and bills payments, among others. Account holders will also receive relevant and up-to-date information and important announcements through text from PSBank.

The partnership will also enable Globe subscribers and PSBank account holders to use the prepaid service of PSBank for reloading their Globe Prepaid or TM accounts. This service is available through www.psbank.com.ph, over 400 PSBank ATMs, and over 180 PSBank branches nationwide. Very soon, it will also be available through its mobile banking service.

This is in response to customers’ demand for speed in delivery, efficiency, convenience and reliability of banking services. Through this partnership with Globe, PSBank will be able to offer more value-added services to all its clients while they are on the go, anytime, anywhere.

“We are proud to have PSBank as a partner in the expansion of its mobile banking channel and we value the opportunity to offer relevant services to thousands of PSBank and Globe customers,” remarked Ernest Cu, President & CEO of Globe, “PSBank’s network of ATMs nationwide also gives Globe and TM subscribers another means to reload their prepaid numbers anytime they want.”

In addition, strong retail partnerships and compelling offers have prompted a surge in service revenues for Globe Telecom. The company posted service revenues of 16.5-billion in the first quarter of 2011, up 8% year-on-year. Total prepaid subscribers in the 1st quarter, which include Globe Prepaid and TM, grew 14% year on year to 26.173-million subscribers.

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