This exciting collaboration is all about spreading joy and creating unforgettable moments for customers of both brands. UnionBank Credit Cardholders, who have previously enjoyed special promos featuring Jollibee classics like Jolly Spaghetti, Peach Mango Pie, and Yumburger, can now delight in the iconic Chickenjoy as part of this limited time offer.
The wait is finally over! Tesla, the world’s leader in electric vehicle technology and sustainable energy, has officially made its debut in the Philippines—and with UnionBank, Filipinos are closer than ever to bringing home one of these revolutionary vehicles!
Tesla’s best-selling electric SUV and sedan, the Model Y and Model 3, are now available for preview at the Tesla Experience Centre at Retail 25, Uptown Parade, in Metro Manila BGC. As one of the Tesla’s preferred financial providers in the Philippines, UnionBank is making it easier for more Filipinos to unlock the future of electric driving through tailored financing packages, competitive rates, and premium services.
“UnionBank is honored to support Tesla’s mission to accelerate the world’s transition to sustainable energy, making the electric vehicle dream a reality for Filipinos who are eager to lead the change into a high-tech, eco-conscious future,” said Mukul Sukhani, UnionBank’s Cards and Consumer Loans Head. “Through our offerings, UnionBank believes that Tesla’s groundbreaking electric vehicles will become more accessible to those ready to embrace the future of driving.”
President Ferdinand Marcos Jr. underscored strategic collaboration with diverse domestic and international stakeholders to position the Philippines as a hub for digital innovation and entrepreneurship. This was highlighted during his keynote address at the Singapore Fintech Festival (SFF) 2023, the world’s largest fintech event, where he made history as the first statesman to deliver a holographic speech at the said festival.
He emphasized that both local and global public-private partnerships (PPPs) play a vital role in enabling the Philippines to adopt new technologies that would strengthen the country's fintech ecosystem. The implementation of innovative solutions, coupled with enhanced financial education and inclusion initiatives, will effectively meet the needs of underserved communities in the country. This, in turn, serves as a tangible demonstration of the Philippines’ potential to contribute solutions to regional and global challenges.
UBX, the leading open finance platform in the Philippines, is taking a significant leap into the world of Artificial Intelligence (AI) to reshape the future of finance, employing the leading two AI experts in the Philippines.
With the addition of Jose Alfonso "Pancho" Reyna as Director of Engineering, Data and AI and Mario Domingo as Global Chief Technology Officer (GCTO), UBX is uniquely positioned to leverage AI and new technologies to accelerate its financial and social inclusion goals further.
The new staging of one of the most iconic musicals of all time takes the stage in the Philippines, and Union Bank of the Philippines (UnionBank) is once again giving its cardholders a chance to score tickets before everyone!
GMG Productions in association with GWB Entertainment, has announced that Sir Cameron Mackintosh’s globally acclaimed new production of Boublil & Schönberg’s Miss Saigon is coming to Manila for the first time this March 2024. Dedicated to bringing top-tier musical entertainment to Manila, GMG Productions has once again partnered with UnionBank to fan the flames of theatrical passion and give its customers exclusive access as the official presenting sponsor and pre-sale partner of Miss Saigon Philippines
Under the partnership, Yufin will leverage UBX’s technology to offer more digital payment options to small merchants, their shoppers, and suppliers as they venture into the digital economy. The partnership allows UBX to scale up its operations further to cater to a larger network of Filipinos.
Deal of the Day
10% off at Lazada every Friday: until December 29, 2023
Here’s another reason to love Fridays. Save 10% (up to P400) on your Lazada purchase every Friday from 12PM to 2PM for a minimum spend of P3,000.
10% discount at Shopee every Wednesday: until December 27, 2023
Union Bank of the Philippines (UnionBank) continues its commitment to enhancing customer experiences with the launch of three new Bank-on-Wheels (BOW) mobile kiosks, each featuring innovative upgrades to serve clients better.
The new BOWs were unveiled during a lease contract signing ceremony between UnionBank and Aboitiz Foundation, Inc. (AFI), held last September 14 at the UnionBank Innovation Campus in San Pedro, Laguna. The contract allows UnionBank to use one electric vehicle owned by AFI as mobile banking kiosk.
Digital Banking trailblazer UnionBank continues to lead the way in AI as it picks up another accolade for an AI-driven project at the prestigious Asian Technology Excellence Awards last September 18 at the Conrad Hotel in Bangkok. “Leveraging AI for Operational Efficiency: Anti Money Laundering-Suspicious Transaction Report Alerts Prioritization & Auto-Disposition” won the “Philippines Technology Excellence Award for AI – Banking”.
This recognition comes at the heels of the Aboitiz Data Innovation organized first Philippine AI Summit (in May 2023) where UnionBank distinguished itself as a leader in how the banking industry could redefine the future with AI.
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1. 40% off at Spiral: until October 14, 2023
Two words: Cheese Room. And if by any chance you’re lactose-intolerant, you can still treat your palate to a trip around the world with global cuisines from Sofitel Manila’s flagship restaurant which proudly houses 21 dining ateliers. Come hungry, because you get 40% off on your lunch buffet from Monday to Saturday for a minimum of 2 and a maximum of 10 diners.
With the full VASP license from the BSP, the Bank can now extend virtual asset exchange services to a broader base of UnionBank customers through the award-winning UnionBank Online app. These virtual asset exchange services previously were accessible only to randomly selected users of the app through a limited virtual asset license.
In a statement, Asiamoney lauds UnionBank's steadfast commitment to leveraging digital solutions to empower businesses of all sizes, which has earned it this esteemed recognition.
The bank's mission revolves around the belief that with the right digital tools, any enterprise can build a more competitive, efficient, and sustainable business.
The bank embarked on its digital transformation journey well before the onset of the global pandemic. Its groundbreaking ‘Tech Up Pilipinas’ platform was already making significant impact with the primary goal of harnessing the power of digital technology to expedite financial inclusion and cascade the benefits of economic growth throughout the Philippines.
As it further strengthened partnerships in the public and private sector to reach more micro, small and medium enterprises (MSMEs) that need access to business loans, SeekCap disbursed a total of P688 million in loans in the first six months of the year.
This represents a 50-percent increase from the P459 million recorded the year prior.
By raising the bar for loan services, SeekCap’s innovative approach to digital financial solutions and its commitment to empowering MSMEs are responsible for its continuing success.
“Traditionally, MSMEs are the most disadvantaged when it comes to financing, because the stringent requirements of banks for loans are geared against them. A big part of our mission towards financial inclusion involves democratizing loans in their favor to create new opportunities for Filipinos everywhere and to contribute to overall economic development,” UBX President and CEO John Januszczak said.
UnionBank GlobalLinker and Jobstreet signed a Memorandum of Agreement for the partnership wherein UnionBank GlobalLinker members can exclusively avail of two job postings for free on Jobstreet. Members must be new to JobStreet to avail of the offer.
JobStreet Philippines Country Manager Dannah Majarocon and UnionBank Senior Vice President and Institutional Segment Marketing Head Dino Velasco joined the ceremony as signatories.
With this new initiative, UnionBank GlobalLinker creates more value for its members. Aside from helping them establish an online presence to be competitive in the digital age, and allowing them to connect with potential customers, financiers, suppliers, partners, and service provides through its network of more than 350,000 members, the platform can now also give them a head start when looking for prospective employees.
Union Bank of the Philippines (UnionBank) Mastercard credit cardholders, this is for you! UnionBank has teamed up with BMW for a Mastercard-exclusive raffle that is sure to enhance your credit card usage.
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Every P20,000 accumulated spend (from straight local or forex retail, bills payment, and installment transactions) earns five (5) raffle entries for a chance to win a brand-new 2023 BMW X1. Also, card transactions for grocery, gas, pharmacy, and utility bills have never been more rewarding, as cardholders can also win exciting eGCs through the promo’s official scratch game. Simply using their UnionBank Mastercard for every straight local or forex retail, bills payment, and installment transaction with a minimum amount spend of P200, gets cardholders an electronic scratch card for this game.
On the heels of bagging the top award of “Best Retail Bank in the Philippines” in Hanoi, Vietnam earlier this year, UnionBank was once again recognized for its excellence in retail financial services at the recently concluded The Asian Banker: Excellence in Retail Financial Services and Technology Innovation Philippines Awards 2023, held at Fairmont Makati in Makati City, Philippines, that also had UnionBank’s digital banking arm UnionDigital winning the "Best Digital-Only Bank" award.
UnionBank emerged as the standout fueled by an impressive BankQuality Consumer Score of 67%, the highest among all commercial banks, clinching the title of Most Recommended Retail Bank in the country.
UnionDigital posted PHP 20 billion in deposits, PHP 13 billion in loans in the first half of 2023, up by 113% and 126%, respectively.
As of May 2023, UnionDigital has seized 75% of the market share for loans among the six BSP-licensed digital banks.
UnionDigital recently won “Best Digital-Only Bank” in The Asian Banker Awards 2023 and is one of the only two digital banks from the Philippines listed in the Global Top 100 Digital-Only Bank Ranking 2023
UnionDigital Bank, the digital bank subsidiary of Union Bank of the Philippines, is one of the fastest digital banks in the world to achieve profitability. It attained a triple-digit percentage growth in its net income during the first half of 2023 compared to the second half of 2022. The Aboitiz Group-led digital bank, which recently marked its first-year milestone in July, attributed this to the robust loan portfolio growth via the UnionBank ecosystem.
Netbank and UBX have signed an agreement to issue loans to sellers on ecommerce platforms and started to issue these loans. Netbank expects to rapidly expand its lending to e-commerce sellers in the next year.
Many sellers on e-commerce platforms require additional working capital to expand their sales. Few banks are willing to work with these sellers, however, since they don't have collateral.
The good news doesn’t stop there! UnionBank is also bringing back its InstaPanalo Raffle promotion with a total of 3 million pesos in cash prizes to be given away.
From August 1 to November 15, 2023, UnionBank Online app users doing InstaPay fund transfers worth above P1,000 get a chance to win cash prizes of up to P100,000! For every five (5) successful InstaPay send transactions worth above P1,000 each, customers automatically earn 1 e-raffle entry. There will be forty (40) winners of P50,000 in the first 2 draws and ten (10) lucky winners of P100,000 during the grand draw. Non-winners during the first and second draw events can still qualify for the grand draw.
UBX, the leading open finance platform in the Philippines, the Bangko Sentral ng Pilipinas (BSP) and members of the European Chamber of Commerce of the Philippines’ (ECCP) Special Committee on Open Finance and Financial Inclusion (SCOFFI) committed to collaborate closely to leverage open finance in driving financial inclusion further in the country.
In a recent Kapihan Session organized by the ECCP-SCOFFI, UBX Managing Director for Open Finance Jamie Garchitorena, BSP Deputy Deputy Governor Chuchi Fonacier highlighted the readiness of the Philippines in embracing open finance.
