Designed by Pixel Tie, China Bank Mobile App bags ‘Mobile Banking & Payment Initiative of the Year – Philippines’ award at ABF Retail Banking Awards 2020. The event was held in July 2020 by the Asian Banking & Finance Magazine.
In its citation, ABF noted: “For their exceptional, one-of-a-kind mobile fund transfer service that takes advantage of both the Philippines strong mobile phone user demographic whilst empowering the unbanked segment, China Bank is deservedly taking home the award for Mobile Banking & Payment Initiative – Philippines.”
ABF distinguished China Bank Mobile App’s Pay to Mobile or JUMP (Just Use your Mobile Phone) feature, which enables clients to pay or transfer funds to anyone with a mobile phone number. The recipient, who may not have a China Bank account, can withdraw the money through any of the Bank’s ATMs by performing a cardless withdrawal, or transfer the fund to his own bank account through JUMP’s ‘Deposit to An Account’ feature.