MySuki, Security Bank team up to empower small retailers

CEBU, Philippines —  B2B (Business-to-Business) e-commerce platform, MySuki has partnered with Security Bank to provide sari-sari stores with supply chain digitization and inventory financing solutions.

This collaboration aims to help small retailers thrive in the digital economy by combining MySuki’s deep market knowledge with Security Bank’s financial expertise.

With 300,000 sari-sari store users and a Gross Merchandise Value (GMV) of PHP2 billion monthly, MySuki plays a crucial role in the retail sector’s digital transformation. Through this partnership, store owners will gain access to integrated financial solutions such as secure payment processing, seamless credit access, and faster transactions, enhancing operational efficiency and economic growth.

Victor Javier, chief executive officer (CEO) and Founder of MySuki, emphasized the significance of the partnership in empowering small retailers and driving financial inclusion. Co-founder Ivan Lanuza highlighted the broader impact of supporting sari-sari stores, which are essential to the grassroots economy.

Security Bank executive vice president John Cary Ong expressed confidence that the collaboration aligns with the bank’s commitment to its “BetterBanking” promise, enabling over 1 million store owners to benefit from efficient order and delivery processes.

Meanwhile, MySuki’s fintech division, headed by Earl Perlas, seeks to enhance store owners’ financial flexibility through its “Kasuki” service.

The partnership marks the beginning of a transformative journey, with both companies exploring additional services to support the sari-sari store ecosystem and foster long-term growth.

For sari-sari store owners looking to elevate their businesses, this partnership provides a game-changing opportunity to streamline operations, access financing, and thrive in a rapidly evolving retail landscape.