Amid pandemic, Fintech firm continues to operate

ENCASH INC., the first Independent ATM Deployer in the Philippines, rallies behind its mission of servicing both banked and unbanked communities amid the COVID-19 outbreak in the country.

As  the  health  efforts  during  the  COVID-19  crisis  continue  to  steer  the  way  we  live,  the  necessity  of acquiring and moving cash has never been higher. In the midst of this challenge, ENCASH has remained focused in carrying out uninterrupted operations for their partners and the communities they service.

“It is high time that companies within our industry step up,” shares Mike Mapa, president of ENCASH INC.

“For ENCASH, we actually see that a situation like this requires us to be even more grounded in our vision.”

ENCASH’s vision has always been to grant financial freedom and security across the entire Philippines, including the country’s far flung areas. In keeping with this vision, the company has adjusted efforts to ensure that partners based throughout Luzon, Visayas, and Mindanao continue to have access to cash despite  the  logistical  hurdles.  “With  the  government-imposed  lockdown,  financial  accessibility  has become a glaring priority for many households—and that’s a need we are committed to addressing,” says Mapa.

ENCASH supplies ATM terminals, Transaction Switching Systems, mobile POS and their recently rolled out SuperPOS,  a  handheld  ATM,  which  features  both  cash  in  and  cash  out  functions.  Now  that  people’s movements have become limited, ENCASH has been quick to lend out these SuperPOS devices to rural banks,  cooperatives,  town  halls,  and  the  like  due  to  the  product’s  portability  and  flexibility.  This  has become especially helpful for the ongoing distribution of the government’s 4P’s releases.

The lockdown has led to an influx of transactions across over 1,200 of ENCASH’s sites. Apart from keeping these sites operational during the lockdown, ENCASH has also committed to rush settlements as much as possible and to closely monitor cash balances of their deployed ATM machines considering the current challenges. “We are lucky to be working with partners who share in the same vision and are employing extra measures in light of the current crisis,” he says.

ENCASH assures that there will be continued services despite the ongoing lockdowns around the country. “This is why ENCASH was created. We are committed to continue operations for our partners and rural communities in need of financial access,” Mapa says.