PLDT Global Corp. teamed up with the Overseas Filipino Bank (OFBank) to bring digital services closer to Filipinos living overseas through TINBO (Tindahan ni Bossing).
“This exciting collaboration further strengthens our shared commitment to fostering a sustainable future for overseas Filipinos and their families. It also adds to our portfolio of services that address the financial needs and uplift the lives of Filipinos abroad,” said Albert Villa-Real, president and chief executive of PLDT Global.
TINBO users with registered Smart Virtual Numbers (SVN) can enjoy seamless banking services available through the OFBank Mobile App. Users can conveniently receive one-time PINs (OTPs) through their SVN for a secured mobile banking transaction even when outside the country.
The partnership provides overseas Filipinos with relevant financial services to help them effectively manage their funds, protect their assets and achieve financial stability through OFBank. The first branchless and digital-only banking institution in the Philippines, OFBank is a subsidiary of the Landbank of the Philippines, and is also the official digital bank of the Philippine government.
“We are genuinely happy because this gives us the opportunity to improve our customer experience. We are elated that our existing and prospective clients will be able to own SVNs and use the same for OTPs, without the intervention of consolidators and even perhaps, regulatory controls in their host countries,” said Reo Andarino, OFBank officer-in-charge.
“With our partnership, we pave the way toward financial inclusion as we make digital banking the norm among overseas Filipinos,” Andarino said.