fintech

ATM deployment firm assures continued flow of cash in rural areas

ATM deployer firm ENCASH will continue its uninterrupted operations for partners and communities nationwide amid the quarantine and lockdowns in the Philippines. ENCASH (Electronic Network Cash Tellers Inc.) provides ATMs to rural and other geographically challenged areas with little or no access to banking.

In a media release, ENCASH said it adjusted efforts to ensure that partners in the three main islands of the Philippines will continue to have access to cash despite the logistical hurdles. As an independent ATM deployer in the country, it provides privately owned ATMs to rural areas untapped by commercial banks. ENCASH currently has more than 300 ATMs in over 55 Philippine provinces.

“With the government-imposed lockdown, financial accessibility has become a priority for many households and that’s a need we are committed to addressing,” said Mike Mapa, president of ENCASH Inc.

Have you read “ENCASH, Ayannah launch the Panalo Express SuperPOS“?

ENCASH’s objective is to tap into an unserved market sector and to strengthen relations between customers in remote areas and the financial industry.

Mobile POS

The fintech firm supplies ATM terminals, transaction switching systems, mobile POS and recently, the SuperPOS which is a handheld ATM, and features both cash in and cash-out functions. During the enhanced community quarantine in the whole of Luzon, the company lends SuperPOS devices to rural banks, cooperatives, among others to help in cash disbursements. This has become especially helpful for the ongoing distribution of the government’s 4Ps.

According to ENCASH, the lockdown has led to an influx of transactions across over 1,200 sites. Apart from keeping these sites operational, the company has also committed to rush settlements and to closely monitor the cash balances of their deployed ATM machines considering the current challenges.

Categories: fintech

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