|
Security Bank Corporation (SBC) has forged a partnership with Asian FX Money Exchange
(AsianFX) and Travelex Money Transfer (TMT) Ltd. to expand the latter’s money remittance operations in the Philippines.
The partnership agreement which was signed, by and among Joven B. Hernandez, senior vice president and Maximo
Madridejos, Jr., first vice president of Security Bank; TMT CEO Mohit Davar and Regional director for Asia-Pacific Nelson Leung and Pepo Nuñez, Jr., AsianFX president, effectively put within the reach of eight million overseas Filipinos Security Bank’s 114 branches nationwide, through TMT’s network of more than 59 countries worldwide.
Known internationally for its customer-focused and can-do attitude, Travelex offers easy-to-use, secure and fast internet-based remittance system which customers’ payouts can be assured. Aside from competitive remittance fees, TMT is the only international money remitter in the Philippines that can do cash-to-cash, cash-to-prepaid and ATM cards, cash-to-bank accounts and home delivery transactions.
“Our partnership with AsianFX and TMT not only augurs well for our bank, but for the Filipinos as well, because of Travelex’s vast global reach and international recognition,” said Joven Hernandez of Security Bank.
Travelex said the partnership with Security Bank is a major breakthrough in its bid to strengthen its presence in the Philippines. “We foresee a speedy growth in this country in the coming years because of each of our organization’s proven expertise, dedication and commitment in satisfying our clients,” said Mohit Davar of
Travelex.
“Inasmuch as business expansion is going as planned, foremost of our concerns is still customer service. And positive responses from our customers will definitely propel us to greater heights,” said Pepo Nuñez, who was the first appointed master agent of TMT in the country.
Nuñez said AsianFX knows that Travelex is already an established brand abroad, and that it will soon make a name here in the Philippines through its efforts to bring world-class remittance services at a very competitive cost to Filipinos.
TMT is a member of financial giant Travelex plc, the world's largest foreign exchange specialist, with over 650 retail branches and 16,000 business customers. There are retail branches at key airport, seaport and rail locations, in addition to tourist and business centres around the world. Around 40% of the world's airline passengers, over 1.3 billion people, pass through airports at which the business operates including the major gateways at London, New York, Hong Kong, Frankfurt and Sydney.
Travelex is the world's largest non-bank provider of commercial foreign exchange services, providing integrated solutions for businesses. The Group is also one of the world's leading providers of outsourced travel money to banks, travel agencies and other financial institutions and the world's oldest issuers of Travellers Cheques. Travelex acquired the world-wide business of Thomas Cook Financial Services in 2001
With its strategic partnership with Security Bank, AsianFX is expected to continue to increase the number of TMT locations in the country based on the rosy outlook of an immediate TMT brand acceptance among Filipinos. TMT targets opening at least 1,500 outlets in the country in the next three years.
“Security Bank’s success can be attributed mainly to our shift in emphasis to gearing up for the future, by enlisting top-caliber banking professionals and employing new technology to improve our ability to build business and generate value, like this partnership with AsianFX and
TMT,” Maximo Madridejos said.
Existing for more than 50 years now, Security Bank is controlled by the family of its chairman, Frederick Y. Dy. It is among the top 10 private domestic universal banks in the country. It has total assets of P73.5 billion and P10 billion in capital funds and has one of the lowest non-performing loans (NPLs) ratio in the industry.
|
