The partnership aims to revolutionize financial inclusion and supply chain digitization, equipping sari-sari store owners with the tools to succeed in an increasingly digital economy, Security Bank said in a statement.
With a network of more than 300,000 sari-sari store users and a gross merchandise value (GMV) of about P2 billion per month, MySuki has been at the forefront of retail digitization.
By integrating Security Bank’s financial expertise, the partnership will offer secure payment processing, seamless credit access, and faster transaction systems, the bank said. These solutions are expected to enhance operational efficiency and foster economic growth in local communities.
Empowering grassroots economies
In the same statement, Victor Javier, CEO and founder of MySuki, emphasized the transformative potential of the partnership: “This collaboration is a leap forward in connecting and empowering the 1.2 million sari-sari stores across the Philippines. Together with Security Bank, we are breaking down barriers to financial inclusion, providing store owners with tools to thrive in the digital economy.”
Echoing this sentiment, Ivan Lanuza, co-founder of MySuki, highlighted its social impact:“When you empower sari-sari stores, you uplift entire communities. This partnership isn’t just about technology or banking—it’s about creating opportunities and driving meaningful change.”
Driving financial inclusion
Security Bank EVP and wholesale banking segment head John Cary Ong underscored the bank’s commitment to its customer-centric approach: “Through MySuki, we aim to enrich the lives of over one million sari-sari store owners by supporting timely order and delivery of goods, ultimately developing the communities they serve.”
MySuki’s inventory financing program, Kasuki, led by Earl Perlas, will provide store owners with affordable and flexible financing options, enabling sustainable growth and competitiveness.
Transforming retail ecosystem
Both organizations plan to expand their partnership regionally, introducing tailored financial solutions to further empower sari-sari store owners.
“This is just the beginning of a journey to redefine how small businesses engage with financial services,” said Javier.
With shared expertise and a vision for inclusive growth, MySuki and Security Bank are set to transform the retail ecosystem, empowering small businesses across the Philippines. —Ed: CSN