The year-on-year (YoY) growth in recurring income was attributable to the following: 1) Net interest margin improved by 6bps to 4.6% brought about by higher yields in earning assets, coupled by lower cost of funds from the expansion of our CASA deposits; and 2) Fee-based income came from the growth of InstaPay charges and interchange fees. Higher foreign exchange income (up 53% YoY to Php369.5 million) also boosted our topline revenues.
The free one-year accident coverage is part of Pru Life UK’s efforts in helping Filipinos get the most out of life by making it easily available via Pulse, the insurer’s holistic health and wealth management solution for consumers.
“Protecting Filipinos and their families is one of Pru Life UK’s strongest advocacies. We launched the Free Personal Accident coverage through Pulse to show the public that having life protection doesn’t have to be complicated,” Pru Life UK President and Chief Executive Officer Eng Teng Wong shared.
Receiving a handful of coins and bills as change can be pretty inconvenient, especially if you need to carry them around as you go about your day. Sure, you can stuff them neatly in your wallet or coin purse, but as they pile up, there should be another solution to hold your endless barya.
And who hasn't encountered the perennial "meron po ba kayong exact amount" question when paying at the cashier?
The good news now is there is e-sukli! Digital financial services leader PayMaya and the Philippines' largest department store, The SM Store, launched this innovative solution to make receiving change more convenient for shoppers. e-sukli allows customers to receive a change of up to P50 directly to their PayMaya accounts instead of taking bulky coins and bills from the cashier.
Now available in over 60 The SM Store branches nationwide, E-sukli makes receiving change much easier and eliminates the need to find a smaller bill for your purchases. It is also a great way to accumulate funds in your PayMaya account so you can use it when paying cashless the next time you go shopping, dine at your favorite restaurant, or pay bills.
Through this first-of-its-kind partnership, SeekCap, the digital lending marketplace venture of UBX, will be able to extend sustainable agri financing to Oh Crop! Adlai rice farmers to expand their operations and gain higher yields.
Founded and led by chief executive officer Rose Tolentino, chief operating officer Chair Trinidad-Mendoza, and co-owner celebrity chef Marvin Agustin, Oh Crop! assists rice farmers – from choosing the right seeds to plant to selling them to a wider marketplace – in shifting to farming Adlai.
A major commercial and industrial center in the province of Rizal, Cainta’s major thoroughfares link it to the rest of Metro Manila. Its continually evolving infrastructure and strategic location in the Calabarzon Region have made it an ideal location to work, live, and play.
“Cainta is proving to be a popular place to invest in real estate, thanks in large part to its proximity to Metro Manila and the continued rise of commercial establishments and transport hubs. We, at RLC Residences through Sierra Valley Gardens, want to provide the convenience of being in the city while enjoying the quiet of suburban living,” said RLC Residences Marketing Head Karen Cesario.
UnionBank has always been at the forefront of technological innovations to empower consumers and make them future ready. It was the first Philippine bank to introduce the following that have been game-changers in the way we do banking: (1) mobile banking through wireless application protocol-enabled cellphones; (2) launch a banking website; (3) use an online payment card through EON; (4) use a chat bot (“Talk to Rafa”); (5) launch its own stablecoin (PHX); (6) introduce mobile check deposit through its award-winning app UnionBank Online; (7) opened the first fully digital bank branch in the country, The ARK; and, most recently (8) the first Philippine bank to go fully on the cloud.
The Bank through its MSME platform GlobalLinker (UBGL), together with AEV, will be offering technology-focused training courses to MSMEs who are with the Tourism Promotions Board (TBP) Membership Program. The said courses are designed to provide learning opportunities that will enable capacity-building and address various gaps in digital competencies for the tourism MSMEs.
“The country’s tourism sector was one of the hardest hit during this pandemic, which is why we want to offer additional training to help MSME owners in the sector, hone their digital entrepreneurship skills,” said Jaypee Soliman, UnionBank VP and SME & Micropreneurs Segment Head. “With this, not only will it become easier for them to acclimate to the growing digital economy, it will also help revitalize the tourism sector in general, and somehow the country’s economy.”
