Panalo Express

Panalo Express

Panalo Express Paves Way for New Era in Fintech

ENCASH, the country’s first and leading non-bank ATM deployer and Ayannah, one of the country’s leading providers of fintech applications recently partnered to launch the Panalo Express SuperPOS, a new product that aims to make electronic financial services more accessible and affordable for both banked and unbanked Filipinos.

The Panalo Express SuperPOS is the very first electronic POS device in the country that allows agents (retailers or enterprising individuals) to process both cash in and cash out services. Through the ATM technology of ENCASH, cash withdrawals will now be possible through the same POS device that can process prepaid mobile “load” top ups, Smart Padala acceptance and encashment, PayMaya, GCash, WeChatPay and AliPay top ups, Bayad Center bills payment as well as cash remittance through Panalo Express’ agent network and Ayannah’s growing network of leading remittance companies which now includes LBC, MLhuillier, Tambunting, Raquel Pawnshop and RD Pawnshop.

The Panalo Express SuperPOS will also provide added convenience for retail merchants by providing all-in-one access across all major payment acceptance methods. Retail merchants using the Panalo Express SuperPOS will be able to process Visa and Mastercard credit card and debit card payments via Chip & PIN, PayWave “tap to pay” and process PayMaya, GCash, WeChatPay and AliPay payments by scanning QR codes.

Ayannah pic

According to Panalo Express Chairman Ramon Lapez Jr., “The SuperPOS gives our growing network of agents the ability to accept all types of electronic payments as well as perform most if not all types of electronic transactions for their customers.”

On what is to come for the SuperPOS, Panalo Express President Ian Atienza shares, “We plan to deploy this SuperPOS with over 5,000 Panalo Express partners by year-end.”

He adds, “We are excited to launch the SuperPOS with our growing network of retailers and agents–since this is truly the first mobile POS device that does it all!”

Apart from introducing the SuperPOS, the two companies also agreed to work jointly to make financial products and services such as insurance and credit more accessible and affordable, especially to the majority of Filipinos who are unbanked and who live in the countryside.

“Our idea of consolidating multiple financial transactions that most Filipinos perform on a daily basis and putting them all into one device aligns perfectly with our mission to provide better financial access to developing but unbanked communities,” shares ENCASH President Juan Miguel Mapa.

“Through ENCASH’s membership in the BancNet network, Panalo Express customers are given more options, including withdrawing from their ATM accounts through ENCASH’s ATM sites, Easydebit 700 mPOS, and soon from over 5,000 participating Panalo Express agents nationwide.”

Ayannah President Richard Alikpala similarly sees this partnership with ENCASH and Panalo Express as something that will bring about their shared vision of providing accessible and affordable digital financial services and products that will improve the lives of Filipinos.

“We are confident that in combining our award-winning fintech application with ENCASH’s tried and tested ATM cash withdrawal service, Panalo Express will be in the best position to spur financial inclusion to majority of Filipinos,” he said. (Encash/Panalo Express)

About Ayannah

Ayannah is a leading provider of affordable and accessible digital financial services to the world’s emerging middle class. Ayannah has built and operates a stack of innovative digital financial services from payments, commerce and analytics on the social and mobile web, thus enabling millions of online and mobile transactions.


ENCASH has made great inroads in providing ATM services to the Philippine countryside.  As the first independent ATM deployer in the Philippines, ENCASH provides privately-owned ATMs and mPOS devices to areas not deemed viable by commercial banks, allowing users in remote locations to conveniently obtain access to their finances.  Since 2006, more than 700 ENCASH terminals have been rolled in over 150 partner rural banks, cooperatives, tourist destinations, town halls, and other partner entities in more than 75 provinces all over the country.

About Panalo Express 

Panalo Express is the Philippines’ fastest-growing electronic financial service network with a mission to make every Filipino a winner. It offers profitable business opportunities that provide accessible life-improving financial products and services to everyone in the Philippines. Through its services, Panalo Express grants its customers the opportunity to enjoy convenient access to affordable financial services, while providing agents with the option to earn from offering those services in their communities.

Originally appeared in: SciTech and Digital News


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