NEW YORK, Aug. 04, 2022 (GLOBE NEWSWIRE) — Rox (www.roxe.io/), a blockchain infrastructure company powering the next generation of digital commerce and payment solutions, today announced a new partnership with Filipino champion micro-financial service providers, Cebuana Lhuillier . The partnership will facilitate seamless cross-border payments for customers in the Philippines using Cebuana Lhuillier’s various fund delivery methods through Roxe’s blockchain network.
Blockchain technology is becoming a growing force and mechanism to drive the next generation of global financial solutions. Through this collaboration, Roxe provides Cebuana Lhuillier with access to its global partners who will be able to send funds to existing and new Cebuana Lhuillier customers.
“This partnership is an exciting step forward for Roxe as it provides us with a strong distribution network for our customers in the Philippines,” said Roxe Chief Commercial Officer Josh Li. “The country has become a serious player in the global financial arena, and whether it’s disbursing funds to end-users’ bank accounts or directly allowing on-site cash withdrawals, all Cebuana customers can now receive funds from the Roxe network.”
As one of the most trusted and largest micro-finance service providers in the Philippines, with over 3,000 physical locations nationwide, Cebuana Lhuillier offers cross-border money transfers via cash withdrawal services. cash and deposit available to customers through their branches, agent locations, service providers and other payment networks and channels.
“The Philippines’ remittance market has grown significantly to become the fourth largest in the world, which means that Filipino citizens need an easier, more reliable and secure facility to send and receive their money, anytime and anywhere,” said Jean Henri Lhuillier, CEO of Cebuana Lhuillier. “This collaboration will allow us to connect to Roxe Inc.’s blockchain network, eliminating key pain points for our customers, while accelerating and optimizing cross-border payments.”
Over the past few months, Roxe has accelerated its product and partner expansion and recently added over 40 partners to its global payment community who have integrated Roxe’s blockchain technology and Roxe Instant Settlement Network (RISN), and was recently shortlisted as a finalist for the Bank for International Settlements (BIS) G20 TechSprint Challenge on Central Bank Digital Currencies (CBDCs).
Roxe is a global payment network that unlocks the future of finance with fast, flexible and cost-effective blockchain payment solutions. Roxe’s blockchain network efficiently moves and exchanges value by removing barriers of time, geography, and currency. Roxe was designed to unify the highly fragmented financial market, enabling payment and remittance companies, banks, central banks and consumers to achieve the speed and cost savings of blockchain technology and exchange digital assets without relying on cryptocurrencies. For more information, visit https://www.roxe.io.
About Cebuana Lhuillier
PJ Lhuillier, Inc. (PJLI) is the proud parent company of Cebuana Lhuillier, the Philippines’ largest micro-finance service provider that offers pawning, remittance, micro-insurance, payment invoices, e-loading, business-to-business and micro-savings solutions and other banking services through their banking arm, the Cebuana Lhuillier Rural Bank. For more than 30 years, Cebuana Lhuillier has consistently provided fast, easy, secure, and convenient microfinance products and services to over 30 million customers through more than 3,000 branches nationwide. The company has also extended its services to the digital space through the eCebuana app, a product of Cebuana Lhuillier Rural Bank, and a host of other financial platforms such as Cebuana From Home, ProtectNow.com and the Cebuana Lhuillier website. Jewelry.
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