Security Bank and Cebuana Lhuillier signed an agreement for a credit-to-bank remittance transfer in a ceremonial signing held on September 18 at the Cebuana Lhuillier head office in Makati.
Through this partnership, Cebuana Lhuillier customers can remit cash to their loved ones with increased security and convenience, in real-time, through Security Bank’s cash management facility, DigiBanker Interbank Fund Transfer (IBFT). A customer just needs to remit cash at any Cebuana Lhuillier branch and nominate a BancNet member-bank from which the recipient would claim the money.
Cebuana Lhuillier Pawnshop is the country’s largest pawnshop chain with over 1,700 branches nationwide. The company attributes its dominance in the industry to its robust network of local and international industry partners, and steadfast commitment to nurturing market-leading businesses for its growing clientele.
Leading the signing ceremony were (from left): Cebuana Lhuillier Services Corporation Vice President Andre Lhuillier, Security Bank Chief Executive Officer and President Alberto Villarosa, PJ Lhuillier, Inc. Chief Executive Officer and President Jean Henri Lhuillier, Security Bank Wholesale Banking Segment Head Eduardo Olbes, and Security Bank Corporate Banking Group Head Mariza Arcilla.