UnionBank Techs Up Taguig with UPAY

The city government of Taguig is the latest local government to be “Tech’d Up” by UnionBank as it embarks on a project meant to better serve its citizens by digitizing tax payments. Last April 23rd, a memorandum of agreement (MOA) signing ceremony held in Taguig, forged the partnership between the city and the tech-savvy bank.

In attendance were key Taguig City officials Mayor Lani Cayetano, City Administrator Atty. Jose Montales, and City Business Permit and Licensing Office Officer-in-Charge Atty. Maria Veloso. UnionBank was represented by Chief Financial Officer Manuel Lozano, Executive Vice President and Head of Transaction Banking and Platform Development Ramon Duarte, and Executive Vice President and Head of Corporate Banking Nino Fajardo.

Under the partnership, UnionBank will enable digital transactions for a number of the City's services, including payment of taxes and other fees and charges, through UPAY, the Bank's proprietary payments solution that brings together a wide array of payment methods into a single integrated platform.

"The City of Taguig is committed to providing efficient and reliable services to our constituents. With the increasing digitization of our world, electronic payment acceptance facilities have become a vital part of making transactions more convenient to taxpayers," said Mayor Cayetano.

UnionBank UPAY for MSME: Helping level the playing field for the country’s growing number of MSMEs

Filipinos are now utilizing digital payments more than ever. Last month, the Banko Sentral ng Pilipinas reported that digital payments made up 20.1 percent of all transactions in 2020, more than double the figure from two years ago of 10 percent. This strong momentum is creating opportunities particularly for enterprising Filipinos who engage in e-commerce.

To help micro, small, and medium enterprises (MSMEs) in the country capitalize on this growing trend, Union Bank of the Philippines (UnionBank), the region’s digital trailblazer and the country’s foremost bank for MSMEs, has launched a groundbreaking feature that will make e-payments easier and secure not only for customers but also for MSMEs—the new UPAY for MSME.