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Cebuana Lhuillier Micro Savings unveils new trio of promos to further encourage Pinoys to start saving money

To urge more Filipinos to save up for their future, Cebuana Lhuillier, one of the country’s top micro financial institutions, is offering three exciting promos for its new and existing micro savings clients that will run until July 31, 2022.

Clients who will open a new micro savings account may purchase their 24k card at half the price for only PHP75. Along with this, they will also automatically earn an entry to Cebuana Lhuillier’s Lucky Savings e-raffle promo, where they can win up to PHP50,000. The raffle is also open to existing clients who will upgrade their micro savings account Quick cards to Cebuana Lhuillier 24k debit cards. On top of these offers, Cebuana Lhuillier micro savings account holders can also enjoy free money transfer services to any of its over 3,000 branches nationwide.

“Cebuana Lhuillier Micro Savings provided ordinary Filipinos with the opportunity to save for their future, and has proved to be essential to many of our kababayans during the intense lockdown periods at the height of the pandemic. Now that we are in the process of rebuilding, I encourage our Ka-Cebuanas to start saving once again. Truly, the mark of a financially-included Filipino is one that can be assured of a nest egg—no matter how small—that they can use for the rainy days,” Cebuana Lhuillier president & CEO Jean Henri Lhuillier said.

Since its launch in 2019, Cebuana Lhuillier Micro Savings has made a difference in the lives of its clients, by making it easy for majority of Filipinos to save money without the usual pain points in opening a bank account. A product of Cebuana Lhuillier Bank and made available nationwide by cash agent Cebuana Lhuillier, Micro Savings enabled clients to open a bank account with just fifty pesos and one valid ID.

Three years after its launch, Cebuana Lhuillier Micro Savings has gained close to 6 million account holders, and has served as a valuable resource for Filipinos who relied on the money they have saved in order to survive at the height of the pandemic.

However, despite the growth in number of savings account holders, majority of Filipinos remain unbanked. In fact in 2020, only 25% of households had any form of savings, most of which are from high-and-middle-income groups.

For more information, go to www.cebuanalhuillier.com or find us on Facebook at https://www.facebook.com/cebuanalhuillierpawnshop.

REFERENCE:

Lariza Garcia

May 28, 2022
5 million Filipinos now have Cebuana Lhuillier Micro Savings

There are now more than 5 million Filipinos who have a Cebuana Lhuillier Micro Savings account. This landmark achievement by Cebuana Lhuillier Rural Bank (CLRB), the banking arm of the leading micro-financial services company in the country, Cebuana Lhuillier, comes after the launch of the leveled up Cebuana Lhuillier Micro Savings product in December of last year.

“We are elated that there are more and more Filipinos every day who are realizing the importance of saving and are taking charge of their future. It is very exciting that these 5 million Micro Savings account holders are not only on the first step to financial wellness, but because of our amped up product, are also Financially Mobile individuals.” said Cebuana Lhuillier President and CEO, Jean Henri Lhuillier.

The Cebuana Lhuillier Micro Savings was launched in February 2019 as a basic deposit account that eliminated the need for numerous documentary requirements and maintaining balance or dormancy charges. The product was made available at Cebuana Lhuillier’s more than 2,500 branches as it acted as CLRB’s cash agent.

Recently, as an enhancement to the product, Cebuana Lhuillier Rural Bank mounted Discover Your Ipon Power: The Cebuana Lhuillier Micro Savings 2.0 Launch which unveiled new features for the Cebuana Lhuillier Micro Savings product. These features are: (1) Cashless Payment possible through UnionPay, (2) ATM access powered by BancNet, (3) Online Transactions made easier through the eCebuana app, and (4) QR Technology.

‘Iponaryos’ are now even more empowered to take command of their future because of the transformation of their Micro Savings account from just a basic cash deposit account to an even more powerful and reliable, full-service savings account.

Through their partnership with BancNet, they now have unrivalled access to their finances beyond CLRB’s cash agent, Cebuana Lhuillier’s more than 2,500 branches nationwide, this is possible through BancNet’s roster of 21,000 ATMs, and 114 member banks.

The bank’s tie-up with UnionPay further allows account holders to make debit payments through over 350,000 POS terminals, as well as partner merchants nationwide. ‘Iponaryos’ can now get the benefit of an enhanced payment security with UnionPay chip cards’ quick payment process with just a tap, using UnionPay Contactless technology.

KaCebuanas also have full online access with the use of the more efficient and more powerful eCebuana app which allows money transfers via Instapay, bills and utility payments, eLoad, and insurance purchase,the application will be even more powered thanks to new features such as the pawning ticket renewal and jewelry purchases. All these are made even more convenient since the adoption of online sign ups, which is now possible in the eCebuana app.

Cebuana Lhuillier Micro Savings further steps into the future by enabling QR Technology within the eCebuana app. This feature will also be able to make money transfers and retail payments seamless and secure.

“5 million Filipinos are taking a step further into a promising future with our powered up Cebuana Lhuillier Micro Savings, we are confident that even more Filipinos will soon take hold of their Ipon Power.” added Dennis Valdes, President of the Cebuana Lhuillier Rural Bank.

REFERENCE:

John Paulo Ondra Caparros

Public Relations Department

Strategic works, Inc.

+638937472 | +639173068591

john.caparros@stratworks.ph

2nd Floor Zaragoza Building, 102 Gamboa Street, Legaspi Village, Makati City PH

March 17, 2021
A Much More Financially Mobile ‘Iponaryo’

Cebuana Lhullier powers up their Micro Savings Account.

As a champion for financial inclusion, Cebuana Lhuillier recently launched additional features to their existing Micro Savings Account, a product of Cebuana Lhuillier Rural Bank, to help more Filipinos become financially mobile, especially during the onset of the new normal. When the Micro Savings was introduced last year, in 2019, to be exact, it provided unbanked and underbanked Filipinos with easy access to basic savings, regardless of who and where they are. It further empowered the vast majority to jumpstart their savings and directly steer their lives towards a better future. But when the pandemic hit, the progress of the program, along with everything else, was literally brought to a standstill.

Cebuana Lhuillier Rural Bank (CLRB) saw this as an opportunity to make sure that account holders or “Iponaryos” as they’re called, continue to still have full access to their hard-earned money, at their convenience. CLRB president Dennis Valdes said that, “The many challenges and limitations in access, presented by the pandemic to our clients and countless Filipinos, made us look even harder for more opportunities in bringing Cebuana Lhuillier Micro Savings to the next level; pushing our myriad of services farther ahead to immediately answer the needs of our clients.”

And the challenge has been met successfully. The Micro Savings Account now has four (4) new features: Partnerships with two giant financial institutions; BancNet and UnionPay, a link to the eCebuana App, as well as, the addition of QR Technology, for added security.

‘Iponaryos’ now have access to the latest functions transforming their Micro Savings account from just a basic cash deposit account to an even more powerful and reliable, full-service savings account. By partnering with BancNet, they now have unrivalled easy access to their finances beyond CLRB’s cash agent, Cebuana Lhuillier’s more than 2,500 branches nationwide, using BancNet’s roster of 21,000 ATMs, and 114 member banks.

A tie-up with UnionPay further allows account holders to make debit payments through over 350,000 POS terminals, as well as partner merchants nationwide. ‘Iponaryos’ can now get the benefit of an enhanced payment security with UnionPay chip cards’ quick payment process with just a tap, using UnionPay Contactless technology, plus the convenience of not having to carry cash and coins.

Full online access is likewise afforded to Ka-Cebuanas with the more efficient and more powerful eCebuana app allowing money transfers via Instapay, bills and utility payments, eLoad feature, insurance purchase, and coming soon are pawning ticket renewal and jewelry purchases. All these are made even more convenient since the adoption of online sign ups, now being allowed in the eCebuana app.

Lastly, Cebuana Lhuillier Micro Savings steps into the future by enabling QR Technology within the eCebuana app. This feature will be able to make money transfers and retail payments seamless and secure. Money transfers and retail payments via QR code will be available by March 2021.

Jean Henri Lhuillier, Cebuana Lhuillier president and CEO announced, “We are now shifting into a tech-brick company, where our network of branches will take advantage of our proprietary technology to step into new grounds by adapting to the new normal using our enhanced digital business transformation. This will provide unprecedented financial access to millions more of Filipinos wherever they may be, anytime.”

Lhuillier further talks about how they plan to take Filipinos to the next step of their ipon journeys. “Our dream is to digitally and financially include Filipinos by implementing world-class and innovative digital financial solutions for them. This, we believe, is what the future of financial inclusion should be – a future where there is financial mobility for every Filipino, a future where we provide them the capability to manage their finances whenever and wherever they may be, at any time.”

REFERENCE:

John Paulo Ondra Caparros

Public Relations Department

Strategic works, Inc.

+638937472 | +639173068591

john.caparros@stratworks.ph

2nd Floor Zaragoza Building, 102 Gamboa Street, Legaspi Village, Makati City PH

December 18, 2020