ENCASH, Ayannah Team Up for Panalo Express SuperPOS - TeknoGadyet
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Friday, September 13, 2019

ENCASH, Ayannah Team Up for Panalo Express SuperPOS

Leading non-bank ATM deployer ENCASH has joined forces with fintech applications provider Ayannah to bring the Panalo ExpressPOS to Filipinos, either banked or unbanked.

ENCASH, Ayannah Team Up for Panalo Express SuperPOS
ENCASH, Ayannah Team Up for Panalo Express SuperPOS

The Panalo Express SuperPOS is the very first electronic POS device in the country that allows agents (retailers or enterprising individuals) to process both cash in and cash out services.

With the service, cash withdrawals will will now be possible through the same POS device that can process prepaid mobile “load” top ups, Smart Padala acceptance and encashment, PayMaya, GCash, WeChatPay and AliPay top ups, Bayad Center bills payment, as well as cash remittance through Panalo Express’ agent network and Ayannah’s growing network of leading remittance companies which now includes LBC, MLhuillier, Tambunting, Raquel Pawnshop, and RD Pawnshop.

The Panalo Express SuperPOS also brings an all-in-one access across all payment acceptance methods.

Retail merchants using the Panalo Express SuperPOS will be able to process Visa and Mastercard credit card and debit card payments via Chip & PIN, PayWave “tap to pay” and process PayMaya, GCash, WeChatPay and AliPay payments by scanning QR codes.

“The SuperPOS gives our growing network of agents the ability to accept all types of electronic payments as well as perform most if not all types of electronic transactions for their customers,” said Panalo Express chairman Ramon Lapez Jr.

Apart from introducing the SuperPOS, the two companies also agreed to work jointly to make financial products and services such as insurance and credit more accessible and affordable, especially to the majority of Filipinos who are unbanked and who live in the countryside.

Through ENCASH’s membership in the BancNet network, Panalo Express customers are given more options, including withdrawing from their ATM accounts through ENCASH’s ATM sites, Easydebit 700 mPOS, and soon from over 5,000 participating Panalo Express agents nationwide,” said ENCASH president Juan Miguel Mapa.

For Ayannah, the partnership brings about a shared vision of providing accessible and affordable digital financial services and products that will improve the lives of Filipinos.

“We are confident that in combining our award-winning fintech application with ENCASH’s tried and tested ATM cash withdrawal service, Panalo Express will be in the best position to spur financial inclusion to majority of Filipinos," Ayannah president Richard Alikpala noted.

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