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Singapore and Manila, Philippines November 02, 2022 //
PCHC, or Philippine Clearing House Corporation, is one of the Philippines’ leading payment systems operators that serves as the clearing and settlement gateway of the country. It is a trailblazer in innovations and payments with the aim of making life better for Filipinos. On the occasion of the 2022 Singapore Fintech Festival, the company is pleased to share some details about the PCHC PayGate Application and Checkout services in partnership with Singapore-based Opnfi. These two services, forming part of the PCHC PayGate ecosystem, will enable billers, merchants and institutions to provide more choices to consumers and reduce transaction costs while improving their margins.
Providing a choice for consumers at the point of payment remains key. Bringing the bank account to be the source of funds to pay would unlock considerable value for the economy. For decades, policymakers and the banking industry have put in considerable efforts to increase the banked population in the Philippines. Today, this is showing very real and impressive growth results. It is time to proceed to the next level in inclusive financial services, where billers and institutions are able to accept payment by bank account through a few simple steps. This makes banking more productive giving support to monetary authorities’ goal on financial inclusion.
Making this announcement, Mr Emmanuel Barcena, CEO of the Philippine Clearing House Corporation said – “For decades, PCHC has played the vital role of clearing payment transactions in the Philippines. We recognize the need for making payments to billers, merchants and institutions, more efficient, so that people and institutions could realize cost and time savings. With the PCHC PayGate Hub being central to direct-to-account transactions, we decided to take the next logical step of launching the PCHC PayGate Application and Checkout Services. Opnfi is our FinTech partner in making this a reality. While consumers and billers alike have many different payment options, we offer a single window of payment for all, for a timely clearing and settlement of funds. The user experience makes transactions as easy as a few clicks or through a QR scan. The service is meant to address high volumes of transactions with a wide variety of billers and payment events. More and more people are using digital means to transact. I am glad to say that while there will be many discussions this week on Banking-As-A-Service and embedded payments, we are executing on the promise. We are confident of the future as we continue to build it.”
Opnfi works to remove the persisting friction of high cost and long pay-out cycles for merchants in the Global South. It operates in partnership with financial service institutionsand payment infrastructure providers to transform checkout. Echoing Mr. Barcena’s sentiments, the executive team of Opnfi had these additional comments-“We are privileged to play a small part in contributing to the mission of PCHC. We are committed to supporting PCHC for the long term. Our long experience in anticipating waves of innovation, and riding those to unlock value across sectors in the economy, has prepared us well for this
About PCHC
Philippine Clearing House Corporation (PCHC) was incorporated in July 1977, as a private corporation co-equally owned by all commercial banks enlisted as members of the Bankers Association of the Philippines (BAP). PCHC commenced its LIVE operations on June 06, 1980 and stood proud as being the FIRST Automated MICR Cheque Clearing House in Southeast Asia.
Today, PCHC provides cheque image clearing system (CICS) for the banking industry covering sixty-nine (69) geographical regions processing a daily average of about 500,000 clearing items from more than 9,000 participating branches of banks nationwide. Fulfilling the corporate status as exclusive check clearing service provider for the country fittingly highlights PCHC’s operational existence. Aside from CICS, PCHC also provides electronicpayments clearing services. These include PESONet (Philippine EFT Systems Operational Network), PDDTS (Philippine Domestic Dollar Transfer System) Realty Time Gross Settlement, Payment vs Payment (PvP), Payment Application Secure (PAS) and the PCHC Payment Gateway (PCHC PayGate).
About Opnfi
Opnfi was created by Volante Asia Pacific Services Pte Ltd, a Singapore based digital transformation firm, to be the change platform for checkout services in the Global South. Opnfi has been created on a base of over 25 years of work in the technology sector, addressing the needs of banking and payment companies worldwide.
For more information about PCHC, please visit: www.pchc.com.ph
For more details, please contact the following:-
Philippine Payment Clearing House Corporation
11th Floor Sagittarius Bldg.,
111 H.V. Dela Costa Street
Salcedo Village, Makati City, Philippines.
philclear@pchc.com.ph
Opnfi c/o Volante Asia Pacific Services Pte Ltd
328 North Bridge Road, #02-20, Raffles Hotel Arcade, Singapore 188719
Email- info@volante.asia
About Volante
Volante is a pioneering consulting firm focused on helping innovative organizations achieve meteoric growth in the Asia Pacific region. Volante is focused on providing technology consulting and advisory services to guide companies through digital transformation, align their organizational strategies for innovation and growth, and help them achieve meaningful, measurable change. Volante strives to understand our client’s operations, competition, and challenges, then provides the tools needed to overcome those challenges and gain an unfair advantage over their competition. We are driven by delivering absolute satisfaction through the success of our clients.
For more information about Volante, please visit: www.volante.asia
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Singapore and St. Louis, Missouri USA - Oct. 6, 2020 //
Volante Asia Pacific Services Pte Ltd, a boutique consulting firm in Singapore, and the Intelligence Factory, an Artificial Intelligence powerhouse headquartered in St Louis, Missouri, announce a partnership to deliver skills-based training as a strategic pathway for achieving Digital Transformation. Through the partnership, Volante is now able to provide insights and guidance for companies in Digital Transformations, infuse organizations with data science practices, and deliver high-level digital skills education and AI workforce training throughout the region. Volante’s focus on Digital Transformation services leverages the Intelligence Factory’s expert teams and experience across all sectors including finance and banking, insurance, oil & gas, technology, automotive, manufacturing, and consumer goods.
“We’re excited to partner with Volante,” said Matthew Lamons, Managing Partner of the Intelligence Factory, “there is a huge need for expert guidance through Digital Transformations. Most companies don’t know how to navigate the process, and very few achieve transformations with measurable ROI without outside help. We’re hyper-focused on helping businesses gain authentic value from transformation.”
“We bring the ability for employees to learn all about applied Artificial Intelligence,” continues Lamons, “supplementing their work experience and giving companies a significant competitive advantage. Forward-thinking organizations want their employees to be trained to understand AI and the other emerging technology standards that all businesses will need to leverage for success in the new digital economy.”
The Partners of Volante agree, “Volante seeks to bring a fresh approach to Digital Transformation. One of the keys for successful implementation is equipping and empowering employees. Training helps transition people into more effective roles and allows companies to maximize their value from each employee. We believe our partnership with The Intelligence Factory will provide best-of-breed Artificial Intelligence technology training, reskilling, and learning solutions for companies across all industries.”
About Volante
Volante is a pioneering consulting firm focused on helping innovative organizations achieve meteoric growth in the Asia Pacific region. Volante is focused on providing technology consulting and advisory services to guide companies through digital transformation, align their organizational strategies for innovation and growth, and help them achieve meaningful, measurable change. Volante strives to understand our client’s operations, competition, and challenges, then provides the tools needed to overcome those challenges and gain an unfair advantage over their competition. We are driven by delivering absolute satisfaction through the success of our clients.
For more information about Volante, please visit: www.volante.asia
About the Intelligence Factory
The Intelligence Factory was established in 2018 to create a single, cohesive Fellowship from all of the top minds in Artificial Intelligence and Machine Learning. Assembling a single body of industry experts merges and aligns all of the talent and tools needed to significantly affect every business seeking Digital Transformation and every client with the need for real solutions. It also creates an optimized career path for industry professionals looking to grow and demonstrate their skills and provides opportunities for students making their way through university programs.
For more information about The Intelligence Factory, please visit: www.tif.ai
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Volante Asia
info@volante.asia
www.volante.asia
The Intelligence Factory
Matthew Lamons
Managing Partner
matthew@tif.ai
www.tif.ai
+001-618-210-5547
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