On January 19, 2024, South Bank Incorporated and Allbank, Inc. inked an agreement and initiated a collaboration to provide a wider range of financial solutions through digitalized banking solutions.
The strategic alliance, allows the use of facilities such as ATM, POS, and P2M of AllBank’s networks to be linked with the digital capabilities of SBPay, a digital payment system developed by iCORE Technologies. By combining Allbank’s auxiliary services and Southbank’s experience in digital banking solutions, the partnership will not only provide unparalleled convenience but also empower individuals and businesses to thrive financially. The enhanced digital banking capabilities of the two (2) banks ensures greater market outreach leading to a more effective and efficient banking services nationwide.
SBPay is a digital payment solution, developed by iCORE Technologies, Inc. that allows cash-less financial transactions, designed to deliver exceptional customer experience combined with personalized support.
AllBank, Inc. is a thrift bank wholly owned by the Villar Group and operates mainly in the Central Luzon and Cavite areas. SouthBank, Inc. on the other hand, is a prime Rural Bank with operations in the Visayas and Mindanao areas.