SECURITY Bank Corp. has partnered with Epson Philippines Corp. to provide financing options to electronics firm's distributors and dealers nationwide.

The Strategic Tie-up of Epson Partners and Security Bank (Steps) program also aims to streamline the payment process, allowing distributors and dealers to facilitate collection through designated Security Bank accounts.

"We understand the challenges and opportunities that they face in the market, and we want to provide them with the best possible banking experience," John Cary Ong, the bank's executive vice president, said in a statement.

Security Bank's tie-up with Epson, Ong said, would help empower distributors and dealers to realize "greater efficiency, productivity and profitability."

Epson Philippines President Masako Kusama, meanwhile, said: "We are excited to collaborate with Security Bank to launch this innovative Steps dealer finance program."

"This partnership not only opens up new opportunities for our dealers but also aligns with Epson's corporate purpose of delivering unique value through innovative and creative solutions," she added.

"By providing financial support to our partners, we can collectively drive growth in the corporate segment and contribute to the success of businesses in the Philippines."

Security Bank's share price rose by 45 centavos on Friday to P72.35.