OFG’s Oriental Intros My Payments Service

OFG Bancorp (NYSE:OFG) announced its Oriental Bank has launched My Payments (Mis Pagos), an online service that eliminates the need for loan customers to ever stand in line at a bank again.

The service enables the payment of auto, personal, mortgage or commercial loans from funds at checking or savings accounts, or from credit cards, from any other bank.

Similar to banks in Puerto Rico and the US, Oriental loan customers at times have their primary accounts or credit cards at other institutions. This necessitates mailing a check or standing in line in a branch to make payments.

“With My Payments, however, our retail customers and commercial clients can pay their loans quickly and easily from the comfort of their home or office,” said Ganesh Kumar, SEVP & Chief Operating Officer and Head of Retail Banking.

“Oriental’s slogan is Live the Difference – Vive la Diferencia. My Payments is just another in a long series of examples how we are using online and mobile technology to do things differently and make life better for our customers.”

Oriental has led the way in digital banking innovations in Puerto Rico, resulting in an expanding customer base. Innovations include FOTOdepósito, People Pay, Cardless Cash on ATMs, MyStatus loan application tracking, branch appointment scheduling, a mobile consumer loan app, and Interactive Teller Machines.

About OFG Bancorp

Now in its 54th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S. and Puerto Rico banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico. Investor information can be found at www.ofgbancorp.com.

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