UnionBank bolsters digital tools amidst Philippine lockdown

It recorded a 160% surge in online banking sign-ups in March.

Union Bank of the Philippines (UnionBank) is boosting its range of digital services in line with the enhanced community quarantine (ECQ) declared by the Philippine government last 16 March.

In March, UnionBank recorded a nearly 160% increase in daily sign-ups to its online and mobile banking portals. The bank also reported a surge in new digitally-opened accounts through its UnionBank Online platform.

The bank was able to keep 94% of its physical branches open outside of those in quarantine areas, and implemented a work from home schedule for close to 90% of its employees.

In addition, the bank has waived fees on InstaPay and PesoNet since the start of the ECQ and has been extended to end-April, and has rolled out its 5G-enabled mobile bank on wheels.

Also Read

Streamline your bank with Appian: How low-code automation can fuel digital transformation

ICBC Asia warns against phishing SMS message

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia