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Chinabank introduces Embedded Banking

Tuesday 22 August 2023 11:09 CET | News

Chinabank, a Philippines-based bank, has introduced Embedded Banking aiming to enhance online payments for its customers and users.

With this new introduction, Chinabank adapts Embedded Banking to non-bank apps and websites, enabling customers’ payment capabilities to expand and aiming to make online transactions smoother. Customers can now transact with a more varied range of options across various merchant and service categories, from food and clothing, electronics and furniture, to booking hotels, wellness packages, and even when paying for bills or school fees.

This adoption was made possible by the partnership between Chinabank and Xendit Philippines, a payments infrastructure provider for enterprises, startups, and SMEs. Chinabank entered this partnership aiming to respond to its customers’ increasing demand and need for digital payment solutions.

Chinabank’s Digital Payment service can be utilised by customers who do not own or do not want to use their debit cards, credit cards, or e-wallets for online purchases. To make use of this feature, customers only need to enter their Chinabank Mobile Banking credentials in order to pay directly from their accounts. This service is supported by multifactor authentication to ensure secure digital transactions.

Chinabank, a Philippines-based bank, has introduced Embedded Banking aiming to enhance online payments for its customers and users.

More about the bank 

China Banking Corporation also known as Chinabank is a private bank operating in the Philippines. The mission of the bank is to provide a full range of banking products and services to individuals and businesses as well as serve the retail banking, investment banking, and insurance needs of its customers through various subsidiaries. Chinabank’s nationwide footprint has now spanned 637 branches and is accompanied by self-service and digital banking channels that are available 24/7.


In July 2022, the bank launched China Bank START, a mobile phone app that helps non-China Bank customers open a new account. Possible new customers could open an account without having to visit a physical Chinabank branch, all it takes is a valid ID as well as a selfie. Additionally, this service was made to be affordable as there is no initial deposit required. Filipinos who are ages 18 and above, with an active mobile number, email address and permanent address in the Philippines, can open a China Bank ATM Peso Savings Account or a China Bank Overseas Kababayan Savings Account by using the app. 


Source: Link


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Keywords: banking, digital payments, online payments, retail, merchant
Categories: Banking & Fintech
Companies: China Bank
Countries: Philippines
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Banking & Fintech

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China Bank

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