Philippine Savings Bank (PSBank) partners with Electronic Commerce Payments Inc. (ECPay), the leading electronic payment service provider in the Philippines, to provide its customers with more payment and digital transactions options.
Customers can now pay their auto loans, home loans, Flexi Personal loans, and business loans through the 3,000 branches of 7-Eleven, one of ECPay’s merchant partners.
There are two ways to initiate payment via ECPay through 7-Eleven. First, customers simply use the CLiQQ kiosk machine, select “Bills Payment,” “Loans,” then “PSBank.” From there, they need to encode their loan account number, mobile number, and the amount due. After entering the requested details, they must tap “Confirm” and wait for the barcode to be generated which they need to present to the cashier for verification. Once validated, they give their cash payment together with the corresponding service fee to the cashier. The cashier provides an electronically generated official receipt, which will serve as their proof of payment. Only machine-validated payment receipts or an electronic acknowledgment receipt will be honored by the Bank.
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The second option is more viable for on-the-go individuals. They can make a similar transaction anywhere, anytime using the free-to-download 7-Eleven CLiQQ app on their smartphone. Following the same process, customers just need to visit a 7-Eleven branch to present the barcode generated on their app for validation, pay the amount due, and get the official receipt.
Only loan accounts with active, current, or updated status are eligible for payments through 7-Eleven. Customers may make partial payments on or before their due date. 7-Eleven only accepts cash payments. Customers may pay up to P10,000 per transaction if initiated using the CLiQQ kiosk machine and up to P50,000 per transaction via the CLiQQ app.
Customers may check if the payment is posted through the transaction history under My Accounts in PSBank Mobile, My Loan Accounts in PSBank Online, or Basic Banking in Business Online Buddy.
Payments to PSBank loans via ECPay through its merchant partner 7-Eleven, joins a suite of loan payment options that PSBank customers can access, including PSBank Mobile, PSBank Online, InstaPay, PESONet, GCash, PSBank ATMs, BancNet-member banks’ ATMs and for corporate accounts via Business Online Buddy. All these can be accessed without having to visit a PSBank branch, as part of the bank’s promise of a seamless and convenient banking experience for customers.