PNB launches CashNet Plus mobile app for corporates

1 April 2022 — Philippine National Bank (PSE: PNB) levels up its digital banking offering as it rolls out the PNB CashNet Plus mobile application for corporate clients. The mobile app is now available for download from the App Store and Google Play.

PNB President and CEO Wick Veloso highlights how this new product further enhances the customer’s experience, saying, “We are harnessing the power of technology to improve our engagement with customers. Our goal is to help them run their business more efficiently with the view of making them more competitive over the longer term. PNB’s cash management system is designed to help companies manage their funding needs, cashflow, and budgets better. The PNB CashNet Plus mobile app is about arming our customers with the tools to better manage their business.”

Veloso adds that PNB aims to encourage corporate customers to substitute bank visits with non-stop online service. “Even as the government has eased up the alert levels, we believe that we should continue to offer digital banking solutions that will not only keep our customers safe but also help them focus on recovery efforts.”

Companies can use this mobile banking service by simply enrolling to the app. Clients have the option to log in via biometrics for added security and convenience in accessing their company accounts.

“The PNB CashNet Plus mobile app gives our clients that much-needed sense of security and convenience so they can have more time to focus on other important matters such as growing their business and developing their people,” said PNB’s EVP and Head for Institutional Banking Jun Audencial. “Clients can now access their accounts and perform transactions at the palm of their hands – anytime, anywhere.”

Users of PNB CashNet Plus will be able to view their company’s account balance and transaction history, and transfer funds within their own accounts or other third-party PNB accounts including other payment solutions such as InstaPay and PESONet. Clients can also authorize payroll and check disbursements, supplier payment instructions, tax payments, bills payment, as well as checkbook and stop payment order requests.

Audencial notes that PNB remains committed to provide a full suite of digital services to a wide range of clients. “Through the CashNet Plus mobile app, we can help not just the big corporates, but the small and medium enterprises as well. What we are offering is not just an array of products, but an efficient business solution.”

This move by PNB is in line with the Bangko Sentral ng Pilipinas’ Digital Payments Transformation Roadmap, which was launched last year. This roadmap serves as a blueprint for transforming the Philippines into a cash-lite society.