Present during the signing ceremony were officers and working teams from both institutions led by Security Bank President & CEO Alfonso L. Salcedo, Jr. and M. Lhuillier President & CEO Michael L. Lhuillier.
Security Bank Corporation (SBC) and M. Lhuillier partnered for a credit-to-bank remittance agreement using Security Bank’s Interbank Fund Transfer, Auto Credit, and Bills Payment facilities. The partnership will allow SBC clients to utilize all 2,300 branches of M. Lhuillier nationwide to make deposits to Security Bank accounts and do bills payment to SBC’s merchant partners. The signing ceremony was held at the Security Bank Centre in Makati City.
Security Bank is widely recognized for its product innovation and technology-based financial solutions. The Bank was recognized by The Asset Triple A Transaction Banking Awards as the Best Cash Management Bank in 2016 and as the Best Service Provider – eSolutions Partner Bank from 2013 to 2016. In addition, The Asset Triple A Digital Enterprise Awards 2015 and 2016 awarded Security Bank as the Best Electronic Bank for the Philippines. The Bank has also been named as “Bank of the Year-Philippines” for 2016 by The Banker, a distinction which it also won in 2015 and 2012.
M. Lhuillier is considered to be the pioneer and one of the biggest and most reliable pawnshops / remittance companies in the country today. It has over 2,000 branches nationwide and has growing presence in the US with an extensive network of global partners.