UBX Philippines and I Process now in Bacolod to enable banking, financing firms to expand services to rural, remote communities

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anks, financial and other institutions can now serve remote communities, and even offer expanded and additional financial services, by using the I Process / i2i platforms and network, and its i2i Bangko sa Baranagay.

Now open in Bacolod City to serve Negros Occidental and Oriental, residents in far-flung villages need not go to the town or city proper to withdraw cash, claim remittances, send money, do realtime fund transfers and bill payments, or avail of ATM services.

i2i is the fastest growing banking as-a-service platform and open finance network that enables all financial service providers and merchants from cities and towns to rural and remote areas. Currently it has over 2,400 rural banks, cooperatives, sole proprietorships, and other institutions with roughly 2,000 branches as its partners.

Merchants, institutions and financing companies signing up as Network Partner of i2i will be able to offer in remote areas, domestic remittances like money transfer to any branch of i2i network member and the 6.750 offices of cebuana huillier, Pera Hub, and LBC, with palawan Pawnshop soon to hook up its system.

Also, services like realtime InstaPay Fund Transfer to any of the 47 InstaPay participants; PESONet Fund Transfer to any of its more than 53 participants; U-transfer bulk disbursement and payments to any active Unionbank deposit account; and Bills payment collection services for more than 230 biller-merchants such as utilities and credit card companies.

Included as a Network Partner is the Alternative Credit Scores service which evaluates the credit worthiness of all customer segments including those who were previously underbanked; Mobile ATM access to more than 80 million BancNet ATM/debit and prepaid cards for cash withdrawal and balance inquiry; and Loan Engine financial services for end-to-end loan originations tools for going digital – bringing loan products to counters, providing additional source and bringing necessary financial services to communities.

Benefits of Joining the i2i Network

In joining the i2i Network, banks can generate new sources of revenue to generate fees, not only from disbursing 4Ps cash transfer through prepaid cards, but also through personal, business or motorcycle loans. Also new business from additional foot traffic as branch sales will be able to engage new customers in previously underserved areas because the presence of the network partner will enable nearby residents to save time and extra expenses just to avail of banking and financing services.

Other advantages and revenue generating opportunities for network partners are detailed by i2i representatives.
i2i offices

Learn more about i2i’s unlimited services that enable additional revenues. Visit its offices at Block 66, Lot 68, # 404 San Roque, Barangay Tangub, Bacolod City, or contact (034) 4699287 or (0906) 0565650.*