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CTBC Bank and Fexco Philippines enlist M.Lhuillier to offer more cashout channels

September 27, 2019

CTBC Bank (Philippines) Corp. and Fexco Philippines Inc. recently reinforced their ongoing partnership to provide cash withdrawal services to ATM/debit cardholders with the signing of a memorandum of agreement (MOA) with Michel J. Lhuillier Financial Services (Pawnshops), Inc. Under the partnership terms, M. Lhuillier will be able to dispense cash through a Pin Entry Device (PED) enabled by Fexco’s EasyDebit MicroATM solution. With the deployment of the PED units in M. Lhuillier branches, CTBC Bank and Bancnet cardholders will have more convenient access to cash withdrawal services nationwide.

Powered by market leading technology, EasyDebit is a mobile-based solution which enables any merchant to offer cash withdrawal and accept card payments for goods and services. EasyDebit is a flexible solution which can be used by large franchises or even the smallest of Sari-Sari stores. It is powered by Fexco, one of the world’s leading independent financial technology providers.

Photo: Signing the agreement are (seated from left) Michelle O. Co Lin, CTBC Bank vice president and VisMin Business Center Head; Michael L. Lhuillier, Michel J. Lhuillier Financial Services, Inc. president and CEO; Remo Romulo M. Garrovillo, Jr., CTBC Bank senior vice president and Retail Banking Group Head; Ana Marie C. Foley, Fexco Philippines chairperson. Also present to witness the signing are (standing from left) Cecilia B. Lumapas, Michel J. Lhuillier Financial Services, Inc. Financial Services Division Manager; Jocelyn A. del Rosario, CTBC Bank Banilad Business Center Manager; Nick J. Foley, Fexco Philippines vice president for Sales and Strategic Partnerships.

About Fexco
Recognised as one of the world’s original and most established fintech organisations, Fexco employs over 2,400 people across its suite of companies headquartered in Killorglin, Co. Kerry located in the South West of Ireland. Founded in 1981, Fexco now has operations in 29 countries across Europe, the Middle East, Asia-Pacific, North America and Latin America. Since inception, Fexco has been driven by an entrepreneurial and innovative spirit. This ethos has brought the company to new regions and industries of growth, connecting customers with exciting new opportunities. Through its commitment to partnership and innovation, the company has built an international network of customers.