Eleven (11) Enterprise Bank ATMs were activated as of September, 2014, mostly in offsite, bringing the total number of operational ATMs to 30 from 19 at the close of 2013.
Enterprise Bank has, likewise, expanded its range of remittance products with the inclusion of Dollar Buy Back program for Western Union and Transfast as well as Credit to Account facility in partnership with IME, Transfast and I-Remit Global.
The expansion of the bank’s ATM operations and remittance services was started two years ago to provide diverse banking services to every household especially in the rural areas. In 2013, the bank further grew these new business segments by doubling the ATMs and multiplied its network partners in payment and remittance. It also developed a new alliance with local electric cooperatives in Surigao and Agusan areas that earned wide advantage to its savings generation strategies.
On the other hand, the Merchant Banking Unit which was set-up in 2012, increased tie ups with 10 established remittance agents in 2013 that resulted in the increase of transactions from 15,181 to 46,973. As of end 2013, networks were developed with remittance institutions such as Western Union, Globe GCash, Xoom, IME, Xpress Money, Palawan Express, EC-Pay, I-Connect, BDO Remit, Moneygram, Smart Money, I-Remit, Global and International NGOs.
These deliberate steps to provide responsive services reflecting the goals of financial inclusion have already benefited the segments that are “traditionally unserved and underserved”. Enterprise Bank is certainly pleased to have brought a modern sphere of banking not only to its loyal patrons but to the banking public whose financial service needs also evolved over time.