Aimed at revolutionizing the accessibility of bill payments across the Philippines, Cebuana Lhuillier and BDO Unibank, Inc. (BDO), have deepened their partnership. This alliance between the country’s foremost microfinance institution and the leading bank aims to provide unparalleled convenience to billers and customers.
“TBG-Cash Management Services, in collaboration with our Institutional Banking Group, worked closely with Cebuana Lhuillier to enable them to accept bill payments for all BDO merchants, which include real estate, insurance, among others. This partnership extended our reach to serve more corporate and retail customers by making the bill payment experience easier, more convenient and accessible,” according to Carol Garcia, BDO’s Cash Management Services Commercial Banking Segment Head.
Expanding their collaboration into the domain of payments, Cebuana Lhuillier and BDO have amalgamated their extensive networks, boasting over 5,000 strategically positioned outlets nationwide. This merger empowers clients with the liberty to select and settle bills at their discretion, extending beyond traditional banking hours to encompass weekends and holidays.
“This collaboration is a testament to our shared dedication of fostering financial inclusion and providing convenient and accessible services. It is a continuous effort to strengthen our ties with BDO, a company that very much shares a similar vision of empowering Filipinos financially. Joining forces with them not only supports our goal, but also strengthens our capacity to provide solutions that have a significant impact and cut across conventional lines, especially when it comes to bill payments and improving Filipino lives. With that, we are enthusiastic about all the opportunities this partnership will lay ahead for us and our fellow Filipinos,” said Jean Henri Lhuillier, Cebuana Lhuillier President and CEO.
The significance of this partnership extends beyond mere convenience. By offering billers additional avenues to receive payments, the collaboration augments efficiency and practicality in the bill payment process. This symbiotic relationship between Cebuana Lhuillier and BDO underscores a mutual commitment to refining and elevating the bill payment experience for all stakeholders involved.
“Joining forces with Cebuana Lhuillier exemplifies our commitment to innovation, client-centric solutions, and the shared vision of shaping the future of financial cash management for Filipinos. Together, we will find ways to leverage our collective strengths as we usher in a new era of financial excellence that elevates the traditional payment transactions. With this development, we are excited to what our institutions can jointly achieve in the future,” said Charles Rodriguez, BDO’s Executive Vice President and Head of Institutional Banking Group.