Security Bank Corporation (PSE:SECB) and its wholly-owned investment banking arm, SB Capital Investment Corporation, bagged six accolades from Asian Banking & Finance (ABF) at their Retail Banking Awards, Wholesale Banking Awards, and Corporate & Investment Banking Awards, jointly held at the Marina Bay Sands in Singapore.
The new Security Bank Wave Mastercard was named the Philippines’ Credit Card Initiative of the Year and Sustainability Initiative of the Year, and also received bronze for ESG Program of the Year. The Bank’s Billing Invoice Presentment and Payment System (BIPPS) was awarded Domestic Digital Payment Initiative of the Year.SB Capital won two honors: Equity Deal of the Year for its role as joint lead underwriter and joint bookrunner in ACEN Corporation’s P25 billion preferred shares; and Project Infrastructure Finance Deal of the Year for its role in raising P100 billion for the San Miguel Corporation Mass Rail Transit 7 (MTR-7).
Since its launch in February 2024, the Wave Mastercard quickly stood out in the credit card market. Itsname exemplifies the Bank’s dedication to environmental stewardship. The card’s eco-friendly design is made from 100 percent recycled PVC–the first of its kind in the Philippines.
To date, there are over 40,000 Wave Mastercards, exceeding performance projections and demonstrating sustained growth. The Wave Mastercard also saw a rise in monthly spending per card, more than double compared to the earlier no-annual fee variant.
BIPPS is the first fully-customized, Internet-based electronic invoice presentment and payment system by a local bank. Integrated with the Bank’s award-winning DigiBanker online banking portal, BIPPS provides clients with a straight-through settlement solution for both online and traditional bills payment. Furthermore, BIPPS speeds up merchant onboarding time with no major system development or reprogramming required.
In January 2024, BIPPS was also named the Best Payment Solution in the Philippines by Alpha Southeast Asia.
