UnionBank empowers SMEs, launches all-in-one access platform

As the Philippine banking industry is on a steady road to recovery, Union Bank of the Philippines (UnionBank) complements this shift as it launched its UnionBank SME banking app on January 15, 2021.

Acclaimed by Asiamoney as the Philippines’ Best Bank for small and medium enterprises (SMEs) in 2020 for providing better funding opportunities to small businesses, UnionBank’s newest innovation aims to continue empowering SMEs to embrace digital transformation and unlock more opportunities for them to pivot, grow, and thrive in the new digital normal.

It also underscores UnionBank’s primary goal of using its digital expertise to extend more financial services to all Filipinos, including the strategically-vital SMEs who comprise about 99% of the country’s registered businesses. In order to support these SMEs, UnionBank is providing an accessible and user-intuitive app that is tailor-fitted to how they want to run their business.

“As the country continues to recover, Philippine SMEs need innovative, convenient, and secure banking solutions. Through our platform, we want to empower them to bank the way they want and according to what their business needs,” Jaypee Soliman, UnionBank Vice President for SME Platforms said.

Through the UnionBank SME banking app, any business owner can open their own checking account online with ease and convenience. Through UnionBank GlobalLinker, a one-stop-hub digital platform, SMEs are able to manage their inventory and their respective teams, gain more knowledge about the local landscape, as well as expand their network all in one place.

“At the end of the day, we’re all in this together and we want to help all Filipinos be financially inclusive.

UnionBank SME Business Banking

About Union Bank of the Philippines

It embraces the future of banking and is committed to be the Philippines’ leading digital bank to best serve the growing needs of Filipinos everywhere. 

It has consistently been recognized as one of Asia’s leading companies, ranking among the country’s top universal banks in terms of profitability and efficiency. 

UnionBank’s Digital Transformation Strategy reinforced its commitment to deliver superior customer experiences and promote inclusive prosperity in the country. For several years, the Bank was renowned “Best Digital Bank” by prestigious institutions, and also recognized in areas of transformation, people, and culture.

With its drive to “Tech Up Pilipinas” and determined to be an enabler of the Philippines’ push to be a G20 country by 2050, UnionBank stands firm in its promise to power the future of banking by co-creating innovations for its customers and for a better world.

About UnionBank SME Business Banking App

The SME Business Banking App by UnionBank is a one-stop-hub for all financial-related needs of a Micro, Small, and Medium Enterprise (MSME). Through the App, clients can open Business Checking Accounts without the hassle as well as take half the time it normally takes, allowing them to get access to online banking faster. The SME Business Banking App is the reliable and trustworthy digital partner that lets MSMEs reap the benefits of a full suite of innovative, convenient, and secure banking solutions in the comfort of their own home.

About UnionBank SeekCap

SeekCap is an online lending marketplace allowing Filipino business owners to access credit fast and easy, 24/7.

With SeekCap, applying for a loan is purely digital so MSMEs can complete their application and get updates on their approval within the comforts of their home. In a few easy steps, MSMEs can apply for a loan product tailored to their needs including finance for their inventory, payroll needs, expenses payables, and the likes.

Loan applications through SeekCap can be initially approved the same day, which means that the documents submitted are still subject to review, and only until then will the disbursement take place.

About UnionBank GlobalLinker

UnionBank’s GlobalLinker is a one-stop-hub digital platform for business owners to manage their inventory, teams, knowledge, and networks all in one single hub. Its tools and resources are designed to take business growth to the next level because no dreams are small or medium – so why should businesses be?