PNB to spend P1.8B for mobile and internet banking platforms

Philippine National Bank (PNB) is spending P1.8 billion to fully develop an information technology infrastructure and boost its mobile and internet banking platforms.

"This is for both upgrade and new technology," Norman Martin Reyes, PNB chief marketing officer and senior vice president, told reporters after the bank's annual stockholders' meeting.

The bank will launch a mobile banking platform in July. "That will cater to millennials," he said.

The bank's key strategy for 2016 is to target young consumers, he added. – VDS, GMA News