To help more Filipinos become financially mobile, Cebuana Lhuillier recently launched additional features to its existing Micro Savings Account, a product of Cebuana Lhuillier Rural Bank.
Micro Savings, introduced in 2019, provides unbanked and underbanked Filipinos with easy access to basic savings, regardless of who and where they are. It’s basically a regular savings account that does not require a maintaining balance. Account holders can deposit and withdraw anywhere at their most convenient time with Cebuana Lhuillier’s network of more than 2,500 branches nationwide.
Here are the four new features of the Cebuana Lhuillier’s Micro Savings Account:
Iponaryos or account holders now have easy access to their finances beyond Cebuana Lhuillier branches. Thanks to its partnership with BancNet, account holders can now access their money through 21,000 ATMs and 114 member banks nationwide.
Debit payments through UnionPay
A tie-up with UnionPay further allows account holders to make debit payments through over 350,000 POS terminals, as well as partner merchants nationwide. ‘Iponaryos’ can now get the benefit of an enhanced payment security with UnionPay chip cards’ quick payment process with just a tap, using UnionPay Contactless technology, plus the convenience of not having to carry cash and coins.
Link to eCebuana app
Full online access is likewise afforded to Ka-Cebuanas with the more efficient and more powerful eCebuana app allowing money transfers via Instapay, bills and utility payments, eLoad feature, and insurance purchase. Coming soon are pawning ticket renewal and jewelry purchases. All these are made even more convenient since the adoption of online sign ups, now being allowed in the eCebuana app.
Transactions through QR technology
Cebuana Lhuillier Micro Savings steps into the future by enabling QR Technology within the eCebuana app. This feature will be able to make money transfers and retail payments seamless and secure. Money transfers and retail payments via QR code will be available by March 2021.