As partners in giving Filipinos broader access to financial services, CIS Bayad Center Inc. and Rizal Commercial Banking Corp. (RCBC) continue to deploy ATM Go terminals, the bank’s handheld ATM facility that allows basic banking automated teller machines (ATM) services such as cash withdrawal, fund transfer, and balance inquiry to BancNet cardholders.
Recognizing the rising need for more convenient financial transactions in the new normal, the partners are expediting the set-up of 300 ATM Go terminals by the end of the year. Currently, ATM Go services are available in select Bayad Center branches in Metro Manila, Abra, Albay, Antique, Aurora, Bataan, Benguet, Bohol, Bukidnon, Bulacan, Cagayan, Cavite, Cebu, Davao Del Sur, Ilocos Norte, Ilocos Sur, Iloilo, Isabela, La Union, Laguna, Lanao Del Norte, Leyte, Mountain Province, Negros Occidental, Nueva Ecija, Nueva Vizcaya, Pampanga, Quezon, Rizal, South Cotabato, Tarlac, Western Samar, and Zamboanga Del Sur.
Since the joint service rolled out, it has benefitted numerous customers especially those living in remote locations and have limited access to physical or digital financial platforms. In the provinces of Bulacan, Pampanga and Cavite for example, the ATM Go has been a widely used payout platform for the beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps). Endorsed by the Department of Social Welfare and Development (DSWD) in April, ATM Go is also utilized by the Department for the offsite payment facilitation of the conditional cash transfer program and pension for indigent senior citizens.
“We are pleased that ATM Go is being utilized as an alternative platform for government aid in various areas. In this time of crisis, delivering meaningful financial transactions are critical in easing the burden of many Filipinos. RCBC continues to create banking innovations that can help surmount the challenges of quarantine restrictions and health risks.” said Lito Villanueva, RCBC executive vice president and chief financial inclusion and innovation officer. Moreover, ATM Go is set to be a standard service to Bayad Center branches soon.
According to Lawrence Ferrer, president and CEO of Bayad Center, “With synergized network and technology, Bayad Center and RCBC are able to reach out to more Filipinos and enable them to make financial transactions with increased ease and efficiency.” As one of RCBC’s partners for its DiskarTech Lite Disbursement Platform, Bayad Center also contributed to the payout service of DSWD’s second tranche of emergency cash aid.
As the most trusted payment authority in the country, Bayad Center now has 40,000 payment touchpoints nationwide and handles more than 10 million transactions every month. The company has been growing its portfolio of services, which now goes beyond payments and include domestic and international remittance, insurance sales, medical reimbursement, airline ticketing, ATM cash withdrawal, loan disbursement, airtime loading and more.