Security Bank has teamed up with global electronic payments provider Euronet to roll out co-branded white label ATMs across the Philippines, a strategic move aimed at enhancing payroll services and expanding access to cash for corporate clients.
The initiative underscores a shared focus on innovation and customer-centricity, positioning the ATM not only as a convenience tool, but as a critical component in corporate cash management and payroll delivery. The white label ATMs, placed directly within workplaces and commercial centers, are designed to streamline salary disbursements and improve operational efficiency for employers.
“This partnership allows us to redefine convenience in banking,” said Lucose Eralil, EVP and chief operating officer of Security Bank. “By offering on-site ATM access, we’re simplifying everyday transactions and bringing financial services closer to where they’re needed most.”
Utilizing Euronet’s Ren payments platform and expansive ATM network, Security Bank expects to strengthen its payroll banking portfolio, improve cash access in underserved and high-traffic areas, and attract new business clients. The deployment also supports the bank’s commitment to its BetterBanking brand promise.
“This collaboration positions the ATM as a strategic channel to deliver practical, real-world solutions to our clients,” noted Myla Untalan, SVP and retail channels head at Security Bank.
The two companies have collaborated since 2018, and this latest development marks a milestone in their expanding relationship. “Our partnership with Security Bank reflects our shared mission to offer seamless and innovative banking services,” said Sriram Jayakumar, managing director of Euronet Philippines. “We look forward to even greater success together.”
As both companies look ahead, the co-branded ATMs are expected to play a pivotal role in transforming how Filipino businesses and employees engage with banking services.
