MABS facilitates One Network Bank’s partnership with GCASH

On May 15, 2009, MABS facilitated One Network Bank’s (ONB) signing of a memorandum of agreement with Globe’s whole-owned subsidiary, G-Xchange Inc. (GXI). Through this partnership, ONB shall be able to provide remittance services using the GCASH platform for its clients and customers.

ONB is among the largest rural banks in the country. With 75 branches in Mindanao and five more branches in the pipeline, it has the widest rural banking network in the Philippines and the largest banking network in Mindanao which serves more than 500,000 clients.

During the signing ceremony, ONB President Alex Buenaventura stated: “We look forward to the partnership with GCASH as I have seen the great work they have done with RBAP-MABS. I am personally excited to see how we can further improve the lives of people in Mindanao through the innovative technology that is GCASH. This is very much in line with our vision to provide state-of-the-art technology and quality banking services to the countryside.”