“UnionDigital Bank is driven to further empower the Philippines’ digital economy. Our partnership with Nexplay allows us to offer our financial services to today’s Filipino gamers, enabling them more by giving access to a digital bank account. We are looking forward to this collaboration with Nexplay to propel our higher purpose - Tech-ing Up today’s generation of Filipinos, especially gamers,” said Arvie De Vera, Co-founder and CEO of UnionDigital Bank.
In 2019, 43 million Filipino gamers spent a total of USD 572 million on games, four-fifths engaged with in-game microtransactions such as buying power-ups and game cosmetics. The following year, revenue generated by the online gaming industry sat at USD 24 million. As cashless payment methods grow in prominence due in part to the pandemic, UnionDigital Bank sees an opportunity to empower Filipino gamers by providing more accessible financial solutions not limited to traditional deposit accounts and debit cards.
De Vera continued, “Nexplay opens opportunities for us to engage our country’s digital natives in platforms they are quite familiar with: games. This is particularly important if you consider the rise of play-to-earn gaming and content streaming in the Philippines,”
“For Nexplay, our mission has always been helping gamers succeed. Working with UnionDigital Bank will help crystallize this combined vision of making financial services more accessible to our massive gaming community, our fans, our teams and our talents to enrich their digital experience. Together, we are committed to encourage greater financial inclusion within the rapidly growing gaming community in the Philippines, especially the next-generation gamers.” shared Gabriel Paulo Benito, Co-founder and CEO of Nexplay.
About Nexplay
Nexplay is the future of gaming and esports in Southeast Asia. In only three years, we have built a massive gaming community of over 400 content creators and influencers, and 250 million total subscribers in five countries in Southeast Asia. Based in Singapore, Nexplay is the leading esports ecosystem company in the region. We bridge brands, talents, and fans through gaming, esports, and technology in the digital economy. Nexplay inspires the next generation of youth to pursue their passion in gaming and the future of technology.
About UnionDigital Bank
UnionDigital Bank is a digital bank entity wholly owned by UnionBank of the Philippines. We are a Bangko Sentral ng Pilipinas (BSP) licensed digital bank that aims to empower the country’s journey towards a fully digital economy. We will enable Filipino communities, businesses, and regulators to leverage on FinTech, Blockchain, and Open Finance technologies to achieve inclusive prosperity.
UnionDigital Bank is primed to pave the way for the future of finance and for the democratization of access to digital banking and virtual assets, empowering the lives of Filipino communities.
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