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.