{"id":22,"date":"2020-11-19T08:25:24","date_gmt":"2020-11-19T08:25:24","guid":{"rendered":"http:\/\/localhost\/lbc\/?page_id=22"},"modified":"2020-11-24T09:33:27","modified_gmt":"2020-11-24T09:33:27","slug":"cash-on-delivery-cash-on-pick-up-performance","status":"publish","type":"page","link":"https:\/\/www.lbcexpressholdings.com\/annualreport2019\/?page_id=22","title":{"rendered":"Cash On Delivery\/Cash On Pick Up Performance"},"content":{"rendered":"

[vc_row][vc_column][vc_text_separator title=”Cash on Delivery \/ Cash on Pick-up Performance” title_align=”separator_align_left” el_class=”landasansultralight lbc-separator”][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text el_class=”orkney black-text” css=”.vc_custom_1606209718772{padding-right: 50px !important;padding-left: 50px !important;}”]Supporting the Philippine economy to grow is fundamental to our business\u2014 the unbanked and the micro, small and medium enterprises (MSMEs) included.<\/strong>[\/vc_column_text][vc_column_text el_class=”orkney black-text” css=”.vc_custom_1606209729221{padding-right: 50px !important;padding-left: 50px !important;}”]More and more Filipinos are shopping online. Yet cash remains the preferred mode of payment of those who do. The high percentage of Filipino adults who do not have an account in a formal institution\u2014currently at 71%\u2014 is arguably one of the biggest challenges to a cashless transaction.[\/vc_column_text][vc_column_text el_class=”orkney black-text” css=”.vc_custom_1606209741406{padding-right: 50px !important;padding-left: 50px !important;}”]That\u2019s why, as the country\u2019s leading company in express delivery and money remittance, we laid out an ambitious agenda: capture the e-commerce market at its origin.<\/p>\n

In 2018, we launched Cash on Pickup (COP) and Cash on Delivery (COD) services to support online sellers and MSMEs in their delivery and payment collection requirements, thereby fostering local entrepreneurship and creating value for our stakeholders in strategic and meaningful ways. Fast forward to the following year, we are right where we want to be: making LBC an end-to- end logistics service provider.[\/vc_column_text][vc_column_text el_class=”orkney black-text” css=”.vc_custom_1606209755731{padding-right: 50px !important;padding-left: 50px !important;}”]In June 2018, we introduced retail Cash-On-Delivery (COD) and Cash-On-Pickup (COP) services in all our branches. COD\/COP is our payment solution bundled with our logistics capabilities to make transactions safer and more secure for both buyers and sellers\u2014\u201cKaliwaan System.\u201d Through our \u201cCash On Delivery\u201d (COD) and \u201cCash On Pick-up\u201d (COP) services, we enable online sales transactions faster and more convenient by:<\/p>\n

    \n
  1. Offering our branches as a venue for transaction between micro-entrepreneurs and their buyers:<\/strong> A buyer can pay for merchandise upon Pick-Up at a branch (COP); or<\/li>\n
  2. Serving as collection agents for micro entrepreneurs: A buyer pays for their merchandise upon delivery (COD).<\/strong> Proceeds are transferred to the seller\u2019s bank account within one to three days of transaction.<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

    [vc_row][vc_column][vc_text_separator title=”Cash on Delivery \/ Cash on Pick-up Performance” title_align=”separator_align_left” el_class=”landasansultralight lbc-separator”][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text el_class=”orkney black-text” css=”.vc_custom_1606209718772{padding-right: 50px !important;padding-left: 50px !important;}”]Supporting the Philippine economy to grow is fundamental to our business\u2014 the unbanked and the micro, small and medium enterprises (MSMEs) included.[\/vc_column_text][vc_column_text el_class=”orkney black-text” css=”.vc_custom_1606209729221{padding-right: 50px !important;padding-left: 50px !important;}”]More and more Filipinos are shopping online. Yet cash […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.lbcexpressholdings.com\/annualreport2019\/index.php?rest_route=\/wp\/v2\/pages\/22"}],"collection":[{"href":"https:\/\/www.lbcexpressholdings.com\/annualreport2019\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.lbcexpressholdings.com\/annualreport2019\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.lbcexpressholdings.com\/annualreport2019\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lbcexpressholdings.com\/annualreport2019\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22"}],"version-history":[{"count":8,"href":"https:\/\/www.lbcexpressholdings.com\/annualreport2019\/index.php?rest_route=\/wp\/v2\/pages\/22\/revisions"}],"predecessor-version":[{"id":582,"href":"https:\/\/www.lbcexpressholdings.com\/annualreport2019\/index.php?rest_route=\/wp\/v2\/pages\/22\/revisions\/582"}],"wp:attachment":[{"href":"https:\/\/www.lbcexpressholdings.com\/annualreport2019\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}