18 November 2015

CIMB to offer digital financial solutions in ASEAN with PLDT's Smart, Voyager

Source: CIMB. At a signing ceremony between CIMB Group, Philippine Long Distance Telephone Company (PLDT), and Smart Communications: Tengku Dato’ Sri Zafrul Aziz, Group Chief Executive, CIMB Group (second left) and Manuel Pangilinan, Chairman, Philippine Long Distance Telephone Company (PLDT), Smart Communications, and Voyager (middle) accompanied by Gurdip Singh Sidhu, Group Chief Strategy Officer, CIMB Group (second right), Orlando Vea, President and CEO, Voyager Innovations (left) and Angelito Villanueva, Vice President & Head, Fintech, Digital Inclusion & Alliances, Voyager (right).

CIMB Group, a wholly-owned subsidiary of CIMB Group Holdings (CIMB), is collaborating with Philippine Long Distance Telephone Company’s (PLDT's) wireless services provider, Smart Communications (Smart) and its wholly owned digital unit, Voyager Innovations, (Voyager) to offer digital financial offerings and solutions for customers in the Philippines and across ASEAN.

Tengku Dato’ Sri Zafrul Aziz, Group Chief Executive, CIMB Group said, “This partnership comes at an opportune time when the roles of telecommunications providers and banks are increasingly converging. It is especially exciting that the partnership may, among others, be able to leverage on PLDT’s experience and insights in serving its sizeable customer base. Further, through this partnership, we are then able to offer innovative and differentiated digital banking and financial technology solutions in the Philippines and across ASEAN.”

Manuel Pangilinan, Chairman of PLDT, Smart and Voyager commented, “CIMB is among the largest and most diversified ASEAN banks and its regional banking knowledge and presence across ASEAN will provide depth to this digital partnership.”

CIMB, which has been at the forefront of banking innovation, has deep regional banking knowhow and an extensive understanding of the needs of customers in the region, whilst the fintech solutions and digital payments ecosystem of Smart and Voyager strengthen the value proposition of PLDT, which is the market leader in the telecommunications industry in the Philippines in terms of customer base.