August 2019 • Cebuana Lhuillier Pawnshop

Cebuana PADALAmazing Raffle Promo Mechanics:

1. Ang promo na ito ay bukas para sa lahat ng clients na kukuha ng pera mula sa mga participating partners abroad sa close to 2,500 branches ng Cebuana Lhuillier.

2. Ang promo duration ay mula September 1 – November 30, 2019.

3. Lahat ng winners ay pipiliin sa pamamagitan ng computer-based random generation sa system ng Cebuana Lhuillier. Maaaring magkaroon ng maraming entries base sa bilang ng qualified transactions.

One valid international payout = 1 electronic raffle entry

One valid international payout with 24k card = 3 electronic raffle entries

4. Ang raffle draw para sa mga sumusunod na prizes ay magaganap sa Networld Capital Ventures Inc., 3/F The Networld Hub 156 Jupiter cor. Comet Sts., Bel-Air, Makati City 1209 sa December 10, 2019.

5.Lahat ng clients ay kailangang i-update ang kanilang personal information (e.g, name, address, active mobile/telephone no., at birthday) sa Cebuana Lhuillier branch na kanilang pinag-tatransactan. Ang kanilang information na naka-record ay kikilalaning tama at magiging basehan sa pagpapadala ng kanilang notification letters at SMS mula sa aming marketing team.

6. Lahat ng qualified clients ay maaari lamang manalo ng isang beses sa raffle draw. Sakali man na mabunot muli ang winner, ang prize na may mas mataas na value ang kanyang mapapanalunan

7. Lahat ng winners ng Noche Buena package at cash prizes ay makakatanggap ng registered mail na naglalaman ng mga instructions na kailangan nilang sundin para ma-claim ang kanilang prize. Dapat nila itong ipresent sa Cebuana Lhuillier branch na i-aassign sa kanila kasama ang kanilang valid I.D.

8. Lahat ng winners ng Yamaha Mio i 125/S na motorcycles ay makakatanggap ng phone call mula sa marketing representative ng Cebuana Lhuillier para mai-schedule ang delivery ng prize sa transacting branch ng client. Lahat ng logistics, motorcycle registration, insurance at other related expenses ng motorcycle ay sasagutin ng Cebuana Lhuillier bago ito i-award sa winning client.

9. Lahat ng Noche Buena at motorcycle prizes ay transferrable ngunit hindi convertible to cash.

10. Ang hindi pag-receive ng mga winners ng kanilang notification letters dahil sa outdated personal information ay hindi pananagutan ng Cebuana Lhuillier Services Corporation.

11. Lahat ng winners ay may animnapung (60) araw mula sa pagkatanggap ng notification letter para i-claim ang kanilang premyo. Lahat ng premyo na hindi na-claim ay mababaliwala pabor ng Cebuana Lhuillier Services Corporation at kinakailangang aprubahan ng DTI.

12. Ang 20% tax ng mga prizes na lalampas sa halagang Php10,000.00 ay sasagutin ng Cebuana Lhuillier Services Corporation.

13. Lahat ng empleyado ng P.J. Lhuillier Group of Companies, Ad/ Creatives Agency, PR and Media agencies at ang kanilang mga kamag-anak na abot sa second degree of consanguinity or affinity ay hind maaaaring sumali sa promo na ito.

Double Your Remittance Promo

Promo duration: September 1 to November 30, 2019
Complete qualified transaction: Remittance (any amount) from Taiwan, Singapore, Hong Kong, and Malaysia to the Philippines through any of CL’s participating remittance partners and claimed in 2,500 branches nationwide.

(1) one qualified transaction = (1) one e-raffle entry
80 lucky senders will be drawn to win cash prizes equivalent to their international remittance amount that will not exceed $200.

Raffle draw is on December 13, 2019 at the P.J. Lhuillier Inc. ICT Office 3F The Networld Hub 156 Jupiter cor. Comet Sts. Bel-Air Makati City, Philippines.
Announcement of winners will be done thru partner in-branch announcement and social media.

Promo reminders:

Raffle entries are computer-generated and are based on transaction numbers and agreed cut-off per month.
Clients can earn as many entries based on their number of qualified transactions.
Clients can only win once.
There is no minimum amount needed per transaction for clients to qualify in the promo. But winning clients who sent money remittance exceeding $200 will only receive that worth of prize.
Winners will be notified through partner branch announcements and digital winners’ ads. They must bring at least one (1) photo-bearing valid ID when claiming their prize.
Winners have (30) thirty days to claim prize or prize will be forfeited in favor of Cebuana Lhuillier Services Corporation.
Employees of P.J. Lhuillier Group of Companies, Ad/ Creatives Agency, PR and Media agencies, international remittance partners of Cebuana Lhuillier and their relatives up to the second degree of consanguinity or affinity are disqualified from joining the promotion.

Ka-Cebuana Iponaryo Contest

Sali na! Magdeposit ng atleast P500 at mag-pose with your Micro Savings card/kit, i-share kung saan nyo inilalaan ang inyong ipon at ipost ito sa iyong timeline for a chance to win P5,000!

Contest Mechanics
1. Ang contest na ito ay bukas sa lahat ng mayroong Cebuana Lhuillier Micro Savings account.
2. I-fill out ang consent form sa link na ito – https://form.jotform.me/92300723339452 o pumunta sa Ka-Cebuana Iponaryo tab sa aming Facebook Page
3. Mag-deposit ng minimum of P500 mula August 20 hanggang December 1, 2019.
4. I-post sa iyong timeline ang iyong sagot sa kung saan nyo inilalaan ang inyong ipon kasama ang inyong selfie with 24k card o Micro Savings kit gamit ang hashtag na #KaCebuanaIponaryo. Dapat ito ay naka-public.
5. Ang mga mananalo ay pipiliin base sa mga sumusunod na category:
Content/Story – 30%
Creativity – 20%
Achieve minimum savings required – 50%
Total – 100%
6. Sampung winners ang mananalo ng P5,000 at i-aannounce ito sa December 5, 2019.
7. Ang empleyado ng P.J. Lhuillier Group of Companies ay hindi maaaring sumali sa contest na ito.

The Dos and Don’ts of Saving

More often than not, Filipinos would take the money-saving route when it comes to purchasing supplies. This is common among households and is a widely accepted strategy in order to save up for the unforeseeable future. However, cutting cost doesn’t always necessarily mean that you’ll be safe from huge expenditures in the long run. No matter how hard you try, there will always be situations in which you will have to shell out more than what your planned budget indicates. These are known as emergency expenditures, and if you’re not well-prepared, they would cost more than you can handle. In such case, you should know the proper dos and don’ts when it comes to saving, know how to separate fact from fiction. Here are just a few important pointers:

The amount you’ll spend on monthly groceries.

Fiction: Always buy the cheaper alternatives.
Fact: Items with a slightly higher cost would last longer and have a higher quality than the cheaper ones.

Consider this when buying toiletries and other items which you may use and apply on your body. Cheaper soap and shampoo may do more harm than good, causing a strange allergic reaction on your skin and scalp. The medical fees resulting from this may cost more than what you’ve saved. The same goes for cheap canned goods and ingredients. This doesn’t mean you’ll always need to choose the high-valued brands, but rather the mid-priced alternatives to them.

The amount you’ll save in unplugging your appliances.

Fiction: Your appliances do not consume electricity when turned off.
Fact: They somehow consume less electricity when turned off, but are still making your utility meters run.

Even if you were to turn off your television, the fact that it still lights up its on/off indicator would mean that it still consumes electricity. The same goes for your radio, desktop computer, and even those over-charged cellphones and tablets you’ve unintentionally left overnight. Make it a habit to unplug appliances and devices when not in use. Believe us, you’ll be able to save more on utility bills this way.

The amount you’ll save on meal choices.

Fiction: Due to the current prices of vegetables, meat should be the immediate option when it comes to daily meals.
Fact: Knowing the right place to purchase vegetables would allow you to buy them in a lower price, hence, enabling you to save.

Vegetables should always be a regular part of your meals. Of course, their current prices should not be ignored, but buying them from your local wet market instead of the air-conditioned groceries would at least help you avail a bundle with a lower price. Feel free to bargain with the seller, if you must. It is the wet market, after all.

The amount you’ll save on membership cards.

Fiction: You’ll always be able to save more using your grocery membership cards.
Fact: Most of these membership cards only guaranty points, which you’ll be able to exchange for freebies, and not price cuts on your purchases.

Many have been deceived by these membership cards. It is not to say that all of them do not provide discounts every once in a while, as some variations of membership cards actually slash a few amounts off your purchase totals, but that’s exactly the point, only some of them do, not all of them. Of course, feel free to ask your local grocery stores and establishments about this detail, so as not to waste time and money in registering for these “exclusive memberships” which only reward a few sets of cutleries come Christmas time.

The safety of your money, with regards to where they’re kept.

Fiction: It’s better to keep all of your savings within the confines of a sturdy, metallic safe at home.
Fact: The bank will always be a better choice when it comes to keeping your savings safe and sound.

Having your hard-earned cash near you isn’t always the best option. This doesn’t mean that you should just trust anyone to handle your life-savings for you, but rather, deposit them in a well-trusted bank. Keeping your whole savings at home, locked in a safe actually comes with many consequences, the sudden offset of fire, natural disasters, burglary, you name it. You wouldn’t even be at home the whole time, so there are instances in which you’ll be leaving your money unmonitored and vulnerable against crafty thieves. Never make this crucial mistake. Deposit your savings in a bank.

With all of that being said, you’re probably looking to open a bank account with a name and service that you can trust. Look no further than Cebuana Lhuiller’s Micro Savings. Initially offered in our Rural Bank branches, it is now available through our entire Cebuana Lhuillier branch networks. Simply put, you can use your 24K Plus cards at any of our Cebuana Lhuillier Pawnshop and Bank Branches in order to withdraw from or deposit to your savings. With a minimum deposit amount of only P50 and no minimum maintaining balance, it’s incredibly easy to apply for one. You can even check your savings amount via SMS. Visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.

The Deciding Factor: Things Which May Affect Your Item’s Value When Pawning

People pawn off their most prized possessions when they’re in need of an extra amount. Some pawn off a gadget, others may pawn off an appliance like a television or a refrigerator, while others may pawn off their jewelries. Regardless of the item, many aren’t aware that there are various factors which may affect its appraisal. Of course, this is usually decided by the pawnshop personnel, but that doesn’t mean that you can’t get a grasp of this basic knowledge as well. Remember, you’re the one pawning off the item, you’re the one in need, and you would need to attain the best deal possible when it comes to your most prized possessions. Here are just a few factors things which may affect your item’s value when pawning:

1)The condition of the item/jewelry.

Put yourself in the shoes of the pawnshop personnel. If you were to see a damaged item being offered before you, would you give it a high cost? Of course not! Before you pawn off your items or jewelries, you should at least make sure that the said item is in good condition. Yes, you are in need of a good deal, but no good deal may ever push through without a well-conditioned item. It’s just like walking through a grocery isle; you wouldn’t choose a molded bread or a spoiled fruit in display, would you? Be sure to have your item or jewelry repaired and in perfect condition if you want to achieve a high appraisal.

2) The market value of the item.

Okay, let’s say the item in question is presented in a mint condition, that’s already a plus point. But what if the item was released in the market years prior, or even decades ago? Of course, its value would be lower than the current market prices. Consider this when you decide to pawn off a cellphone. Older models will always have a lower value than those newer cellphones they may be selling right now. This would also be applicable for appliances, since newer ones have more features than older releases. A flat screen TV would have a higher value than your grandparent’s cabinet-based TV, unless of course it is registered as a mint condition antique piece. Such can be discussed with the pawnshop personnel, so be sure to listen to their computations and process.

3) The credibility of the pawnshop in question.

Most of the time, people would get a low appraisal from lesser known pawnshops. Transacting with lesser known establishments would usually yield less than desirable results, which is why you should avoid committing this critical mistake. You may be looking for a pawn shop that would provide you with the most honest return possible. No worries, as Cebuana Lhuillier has got your back. With their Pawning Service you can never go short in any amount, as they accept an array of items, from jewelry to gadgets. Amazingly, they also have a 35% higher appraisal VS other pawnshops in the Philippines. They also lead the pawning industry by offering safety and the highest appraisal rate in the industry in its more than 2,200 branches nationwide. Visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.

Rewards and Incentives: Saving as a Motivation

Teaching your kids to save at an early age would be beneficial for their future. Aside from the fact that it would develop a lifelong habit to use their money wisely as they grow up, they would also be disciplined well enough to not spend their future earnings in one go. Indeed, teaching your kids the value of money in their younger years would yield great results in the long run, but such task is not easy. As a parent, you should orient them that if they were to sow as early as now, they would surely reap a great reward. Of course, it would take a lot of convincing to make them follow through with this life lesson, but perhaps you may inform them of the following examples, a few rewards and incentives that they may encounter along the way:

1)Developing the habit to save would help them set aside a few amounts for future needs.

It’s basically telling them about the proper use of their lunch money. If they were to keep loose change from their daily allowance, come Christmas time, they may have enough for that shiny new toy they saw at the mall. Toys are always good motivators for kids, and you may use this to your advantage in training them to save. It would also avoid the unnecessary purchases of candies, since kids would usually avail sweets with their remaining loose changes at school.

2) Developing the need to save would reap higher rewards, something that they may even forget about.

This would be best implemented if you were to provide them with a piggy bank. The thing about piggy banks is that you wouldn’t be able to see or count the full amount, unless you were to break it open (though some modern piggy banks now have removable lids on them). Your kids would be inclined to drop their loose change after school in the piggy bank, and you should make sure that they do this every day. If you would implement this consistently, the piggy bank would be too heavy for your toddlers to carry, a little indication that you may now break it open, after which, allow them see the amazing result of saving. Sometimes, they may even forget about the rewards at the end, only dropping loose change in the piggy bank due to habit. Saving a little each day would result to huge savings at the end.

3) Developing the habit of saving would ready them for the future as whole.

Let them know that many grown-ups still struggle with their finances due to them missing this important lesson at an early age. While setting aside the darker details, in a very casual and kid-friendly manner, tell them stories of adults and families being stuck in the loop of debt, due lack of discipline with money. Yes, it is a very replaceable commodity, but lack of it thereof results to very critical situations, and even sometimes, into poverty.

With all of that being said, you’re probably looking for a bank that you’d be able to trust with all of your life’s worth of savings (and perhaps a Kids Savings Account for your little ones as well). Look no further than Cebuana Lhuiller’s Micro Savings. Initially offered in our Rural Bank branches, it is now available through our entire Cebuana Lhuillier branch networks. Simply put, you can use your 24K Plus cards at any of our Cebuana Lhuillier Pawnshop and Bank Branches in order to withdraw from or deposit to your savings. With a minimum deposit amount of only P50 and no minimum maintaining balance, it’s incredibly easy to apply for one. You can even check your savings amount via SMS. Visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.

Protecting Your Money: Safety Tips on Concealing Your Hard-Earned Cash

Your hard-earned cash will always be one of your most prized possessions. Of course, you wouldn’t need to spend it all in one go, many of us would prefer to set aside an amount, to save up for any future needs or wants. With that in mind, there are countless ways of protecting our savings from many predatory scams or perpetrators. Yes, they may be getting smarter by the minute, but stepping up your game and being creative with protecting your money may deem useful and advantageous for you in the long run. Here are just a few examples:

1)A strong and sturdy safe.

You may be used to the local concept of “caha de oros,” made familiar by your elders before, but such containers aren’t really reliable anymore, especially as most of them are made from cheap plastic. Modern safes are made of stronger materials, usually metal, and are only accessible by access codes and turn switches. If you’re the type to keep your cash close by, having a safe in your room would be recommended.

2) In a household wardrobe/cabinet.

If you’re not the type to buy up a durable and costly safe, then you may already have a ready-made container at home which may keep your money for you. Some people prefer to keep their savings hidden in their neatly-folded pile of clothes. It may sound weird at first, but having it hidden will always be better than having your hard-earned cash out in the open. Some wardrobe have nifty cabinets in them, unnoticeable at first glance, effective in keeping items you wouldn’t want to others to see.

3) In a make-shift book, in your bookshelf.

This is a crafty way to hide your savings. Take any thick novel or book lying around the house, make sure that you’re no longer going to read it anymore. Take a cutter and five to ten pages in, hollow out the middle, not too wide but good enough to keep bundles and rolls of money. Cut out the middle page by page, until you get to five to ten pages before the end of the book. Take note, this is only effective if you have your bookshelf within your own room. This isn’t advisable if your bookshelf happens to be in the living room or any other part of the house which others may easily have access to.

4) In a very reliable bank.

Those mentioned above may be effective in their own right when it comes to keeping your money safe, but that isn’t always the case. A bank would still be appropriately effective one way or the other. With all of that being said, you’re probably looking for a bank that you’d be able to trust with all of your life’s worth of savings. Look no further than Cebuana Lhuiller’s Micro Savings. Initially offered in our Rural Bank branches, it is now available through our entire Cebuana Lhuillier branch networks. Simply put, you can use your 24K Plus cards at any of our Cebuana Lhuillier Pawnshop and Bank Branches in order to withdraw from or deposit to your savings. With a minimum deposit amount of only P50 and no minimum maintaining balance, it’s incredibly easy to apply for one. You can even check your savings amount via SMS. Visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.

Expect the Unexpected: Saving for the Future

Something unexpected always comes up. You expect your daily routines to continue as they usually do, only to find yourself either involved in an accident or a conflict. Either way, both are costly and unnecessary. This is one of the main reasons why you should always be prepared for anything. Your daily routines would make you very comfortable and complacent, so much that you may forget to prepare for any emergency that may come your way. But you wouldn’t need to worry, as we have prepared few important tips for you so you can be ready to face unforeseen occurrences.

1)Unexpected Situation: Storms and Calamities

Preparation: Emergency Kits and Evacuation Plans

The Philippines is one of the most ravaged places when it comes to storms. There are various instances in which we would experience two to three storms within a single month. Proper preparation is the key when it comes to surviving these calamities. An emergency kit for the whole family is a must-have. Evacuation plans are also needed, especially for places which are regularly hit with flashfloods and landslides.

2) Unexpected Situation: Fire

Preparation: Fire Extinguishers and Exit Strategy

The Bureau of Fire Protection recorded a total of 14,316 fire incidents from January 1, 2018 to December 27, 2018, with 3,943 of them happening in Metro Manila. For a country that celebrates Fire Prevention Month every March, you may think that many Filipino citizens would have learned their lesson when it comes to fire safety, but the numbers don’t lie. Many of us aren’t even knowledgeable enough when it comes to fiery emergencies, which is why having fire extinguishers around would always be a good choice. Also having an exit strategy would be most helpful, especially because we wouldn’t want to leave any of our family members behind in case of fire.

3) Unexpected Situation: Road Accident

Preparation: Financial Savings and Immediate Contacts with Emergency Personnel

One of the most unexpected things to happen during road trips would be an accident. No one wants to be involved in a pile up, which is why the driver should be careful at all times. Being on the road would require the driver to stay alert at all times, observing proper speed and obeying traffic rules. If things go sideways, at least be alert enough to call an ambulance and other proper authorities. It wouldn’t hurt that you have an emergency fund as it will come handy at this kind of unfortunate circumstance..

While thinking up various emergency plans, you must also consider saving up for the future. There are countless expenditures along the way, sudden expenses, emergencies, etc. So much that you would at least need to set aside a few amounts every month to make up for your “needs.” You may have to open a savings account if you’d want to achieve that.

Look no further than Cebuana Lhuiller’s Micro Savings. Initially offered in our Rural Bank branches, it is now available through our entire Cebuana Lhuillier branch networks. Simply put, you can use your 24K Plus cards at any of our Cebuana Lhuillier Pawnshop and Bank Branches in order to withdraw from or deposit to your savings. With a minimum deposit amount of only P50 and no minimum maintaining balance, it’s incredibly easy to apply for one. You can even check your savings amount via SMS. Visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.

Cebuana Lhuillier strengthens local remittance network; inks partnership deal with LBC

Cebuana Lhuillier, the Philippines’ largest micro-financial services provider, has partnered with LBC Express Inc., the market leader in retail and corporate courier and cargo, money remittance, and logistics services, to further expand the reach of its local remittance business.

The partnership will provide Cebuana Lhuillier clients with access to a wider range of domestic remittance facilities, leading to more convenient and more accessible money transfers to their loved ones—leveraging on Cebuana Lhuillier’s 2,500 branches nationwide and LBC Express’ 1,400 cargo and logistics facilities, including its domestic partners and agents.

“For more than 30 years, we have been committed to ensuring that every Filipino will have access to the financial services they need. This partnership with LBC Express is a testament to our company’s decades-long commitment to provide relevant services by continuously expanding our reach, developing more innovative platforms, and exploring more untapped channels to enable the unbanked and underbanked Filipinos better access to financial services,” said Jean Henri Lhuillier, Cebuana Lhuillier president and CEO.

Cebuana Lhuillier senior executive vice president Philippe Andre Lhuillier adds, “Both Cebuana Lhuillier and LBC are known in the industry for providing linkages to every Filipino and their loved-ones. Through this partnership, KaCebuanas, regardless of their location in the Philippines, will have access to additional domestic remittance outlets available nationwide through LBC’s network.”

The partnership of two of the country’s most recognized brands is a practical step to owning the last mile in the local money transfer business.

“By combining LBC and Cebuana Lhuillier’s extensive network, we’ll be in a much better position to reach more Filipinos. This joint venture will allow us to expand our services, offer more convenient and innovative solutions and ultimately, move more lives. This meaningful tie-up is in line with our mission to bring our services closer to everyone,” said Miguel Angel Camahort, LBC Express Holdings Inc. president and CEO.

As a company that offers an extensive line of financial solutions to Filipinos, Cebuana Lhuillier is dedicated to establishing its presence in new and strategic areas nationwide. Part of this is the development of retail and corporate partners to expand its remittance network. LBC serves as the perfect partner that will help Cebuana Lhuillier fulfill this goal, thanks to its strategic locations spread across the Philippines.

LBC Express is the country’s pioneer express delivery and cargo shipping and 24-hour door-to-door delivery. Today, it is one of the most trusted courier, cargo and logistics, and remittance service providers with a combined network of 6,400 locations, partners, and agents in over 30 countries.

Why the Biggest Microfinance Institution in the Philippines is Investing in Blockchain Startup SCI Ventures

Written by Mike Mislos

August 8, 2019 – Cebuana Lhuillier taking a stake in blockchain and fintech startup SCI last June is a sign of change for both companies when it comes to how they plan to forge their future ahead together. The partnership will signal SCI playing a role in their digital transformation while also potentially helping the trusted remittance outlet to explore blockchain and cryptocurrency. One low hanging fruit is enabling the use of blockchain-powered transactions or financial services via Cebuana outlets across the Philippines.

Last Mile Powerhouse Cebuana Lhuillier

In remittance transactions, the last mile refers to that outlet where a customer can finally withdraw the cash sent to them by someone, probably from abroad or the metro. In the local setting, we sometimes refer to pawnshops and money changers as the last mile outlets. The largest of them all is Cebuana Lhuillier.

With over 2,500 branches in the Philippines, Cebuana Lhuillier is in front of more than 70% of the country’s unbanked population. Recognizing digital transformation as its next big priority, Cebuana’s parent company P.J Lhuillier is aware of the trend where fintech companies partner with brick and mortar remittance outlets to create a digital presence or update their old processes with the times.

SCI Stake Acquisition

Because of that, P.J Lhuillier acquired a stake in SCI Ventures (Satoshi Citadel Industries) in order to kickstart this digital transformation. SCI will be a key piece in a multi-pronged approach to introduce cutting-edge financial technology to Cebuana Lhuillier’s 4,000 domestic partners and one million combined physical and virtual touchpoints worldwide.

SCI Ventures and Blockchain

SCI, a pioneer Bitcoin and blockchain company in the Philippines is at the forefront of the rising demand for cryptocurrency and other digital assets. As one of the few companies in the Philippines with a virtual currency license, it is legally allowed by the government to facilitate crypto to fiat transactions and vice versa. Data from the country’s Central Bank, the Bangko Sentral ng Pilipinas (BSP) has revealed that virtual currency transactions have doubled in 2018. If we looked further, data from 2017 also revealed increased crypto transactions in the Philippines vs the previous years. This data came from reports submitted by virtual currency-licensed companies like SCI Ventures.

Low Hanging Fruit

SCI Co-founder Miguel Cuneta welcomed the partnership with the giant financial service provider as a step forward for both companies. “We hopefully will be able to play a role in Cebuana’s move into the digital fintech world, and maybe even explore potential use cases for blockchain technology and cryptocurrency in the future,” he said in our exclusive interview.

One low hanging fruit, he said, is enabling the use of blockchain-powered transactions or financial services via Cebuana outlets. This is significant because, currently, Cebuana Lhuillier has 11 million active users in their loyalty card program and serves over 25 million Filipinos around the world.

“They basically have the audience already onboarded. Cebuana is one of the most trusted brands in the country, and since trust is a major consideration as to why Filipinos would use a financial service, they already have that advantage going for them.”- Miguel Cuneta, Co-founder, SCI Ventures

Cebuana Lhuillier President and CEO Jean Henri Lhuillier said:

“This is another milestone in our continuing pursuit to expand our horizon and make a significant impact as we enter the digital arena. With our robust 2,500 branch network and strong partnerships with key financial players such as SCI in place, we are ready to take advantage of our unique ‘bricktech’ set-up and make our mark”

One Step Towards Blockchain and Crypto Awareness

With the country being one of the biggest recipients of remittances from around the world, Cebuana Lhuillier can benefit from using blockchain as a way to move money. Apart from transfer speed, what’s important here is the cost efficiency because with blockchain, there is no need to trust more middlemen companies and will allow more partners that can make use of Cebuana as a cashout partner.

SCI Ventures is not just doing business remitting money through blockchain. For many years, it has been a thought leader in the blockchain and crypto space in the Philippines, spreading the tech’s advantages and usecases through meetups, seminars, and even conferences, government, universities, and private offices where they are often invited to talk more about this disruptive technology. The partnership will potentially allow SCI to have a more hands-on approach in Cebuana’s transformation and will make them more aware for the possible use cases of blockchain and cryptocurrency. As mentioned, Cebuana Lhuillier is the biggest non-bank financial institution in the Philippines. Turning them into blockchain can make haste of one of SCI’s vision – to use fintech and blockchain technology to provide accessible financial services for everyone.

Last Mile Powerhouse Cebuana Lhuillier

SCI Stake Acquisition

SCI Ventures and Blockchain

Low Hanging Fruit

One Step Towards Blockchain and Crypto Awareness

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