Manong Luis Chavit Singson's VBank Gets Launched in Quezon City

When things got complicated during the pandemic, Filipinos suddenly had to resort to digital payments and e-wallets to keep family safe at home, but still transact and conduct business during very dangerous times. This has not only given is access, but a variety of services that wasn't a norm to Filipinos throughout the country. From the need for access, internet connection has leveled the playing field and had given those in rural areas a very convenient way to pay, transfer and withdraw money even in remote areas in the country. Financial service should be easy, secure and could empower the underserved folks in the far flung areas. 

Manong Chavit Singsong knows this dilemma, and it has affected so many families nationwide. It's why he launched VBank, an app that is available in the App Store and Google Play.

VBank is quite different because it promises account creation entirely on the app, online, without the need to handle physical documents and suffer in long queues. Once registered, one can send money to banks, digital wallets, go pay your bills and buy mobile phone load in one place. If you prefer having cash, you can use it to cash in funds in over 6,000 of their partner outlets across the Philippines. This includes Tambunting Pawnshops, Puregold groceries, Alfamart convenience stores in the Philippines. 

They are also gearing to have VBank available in remote regions to make sure those who don't get financial connections would now be able to in a jiffy. Manong Chavit Singsong describes this as a way for people to participate in the economy for nation building and inclusion in financial services. The event was also witnessed by celebrity endorser and actress Ms. Aiai Delas Alas who was there at the venue to entertain guests and talk about the service. 

Manong Chavit also announced the start of his "58 days Pa-raffle ni Manong Chavit" which lets new users try out the app and its new features. He also did a daily raffle where users could get Php 5,800 , Php 58,000 and get a chance to win Php 580,000 on the 58th day. This would be best for the 77 percent of the population who until now has not been able to try the banking system. He wants to empower every regular joe. If you're asking about the significance of the number 58, it's his assigned number as he bids for a Senate seat in 2025. He's a man that's got "May Isang Salita" according to his slogan, I bet it's an opportune time to go do it!