Globe, PSBank tie up for electronic banking

By Mary Ann Ll Reyes, The Philippine Star

Posted at Jul 26 2011 07:01 AM | Updated as of Jul 26 2011 03:01 PM

MANILA, Philippines - Globe Telecom has entered into a strategic partnership with Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, to further enhance its electronic banking channels.

With the partnership, Globe subscribers with registered PSBank accounts can access PSBank’s electronic banking service anywhere they are, anytime of the day. They can enjoy doing various financial transactions such as payments, account inquiries and reloading from their PSBank account to their enrolled GCash wallet, and vice-versa.

PSBank account holders who have enrolled for subscription, on the other hand, can also receive bank alerts for debit transactions, below-minimum-balance advisories and bills payments, among others. Account holders will also receive relevant and up-to-date information and important announcements through text from PSBank.

The partnership will also enable Globe subscribers and PSBank account holders to use the prepaid service of PSBank for reloading their Globe prepaid or TM accounts. This service is available through, over 400 PSBank ATMs, and over 180 PSBank branches nationwide. Very soon, it will also be available through mobile banking service.

This is in response to customers’ demand for speed in delivery, efficiency, convenience and reliability of banking services. Through this partnership with Globe, PSBank will be able to offer more value-added services to all its clients while they are on the go, anytime, anywhere.

“We are proud to have PSBank as a partner in the expansion of its mobile banking channel and we value the opportunity to offer relevant services to thousands of PSBank and Globe customers. PSBank’s network of ATMs nationwide also gives Globe and TM subscribers another means to reload their prepaid numbers anytime they want,” Globe president and CEO Ernest Cu said.

With over 70 partner-banks across the country, Globe’s GCash has bridged a number of communities in the Philippines by making financial transactions secure, faster and easier with just a text message. So far, GCash transactions at accredited banks have surpassed the P5-billion mark, and are still growing exponentially.