About UBX

UnionBank of the Philippines’ industry leadership in banking innovation and effective digital transformation is furthered by its fintech subsidiary, UBX. Branded as UnionBank to the power of X, UBX was incorporated in 2018 to make financial services natural, open and accessible to all, through data and technology. In just 3 years in operation, UBX has been hitting major milestones with its full-fledged ventures offering payment, lending, eCommerce solutions and more as the fintech venture studio and fund spun out of UnionBank of the Philippines. 

Union Bank won “Digital Bank of the Year” by The Asset Triple A, holding the distinction of being the first and only Philippine bank to receive the award four years in a row. UBX has also been making noise in the fintech industry with accolades of its own –  awarded as Fastest Growing Fintech Company in South East Asia in 2021 by  Global Banking and Finance Review, a leading online and print finance publication.  This is UBX’s second award for the same title, following one from Global Brand Magazine in October. UBX expanded its operations in Singapore to further its vision of invisible banking in Asia. Since its launch in 2018, UBX has pioneered financial services solutions integrated into everyday activities of people and businesses. The new Singapore headquarters is the bridge for startups who would like to enter the Philippine market by partnering with UBX’s award-winning ventures.

Which projects has UBX done in the last 12 months that can be considered digitally innovative?

UBX’s portfolio focuses on various in-demand solutions ranging from banking and payments to lending and eCommerce categories created for individuals and businesses. 

i2i is the Philippines’ fastest-growing Open Finance and banking-as-a-service solution, bringing  financial services to underserved communities through its network of financial services providers. To date, i2i connects hundreds of financial institutions and financial service providers, in addition to over 1,800 banking agents on the platform.

SeekCap is the Philippines’ first same-day approval, digital lending marketplace made especially for micro, small, medium sized enterprises (MSMEs) who need access to credit to run and scale their businesses. SeekCap has registered over 48,000 MSMEs and has processed over USD 60 million worth of business loans. SeekCap has partnered with digital communities such as Lazada and Foodpanda to further expand its MSME reach.

Bux is an end-to-end payment gateway for businesses of all sizes. MSMEs can accept payment methods from over 50,000 over-the-counter locations including 7-Eleven and LBC, debit and credit card payments as well as wallet payments via GrabPay and GCash. With over 100,000 sign ups since its launch in 2019, Bux continues to make payments simple and easy with features like payment links, Universal QR code and Buy Now Pay Later. 

Sentro, a free eCommerce shop builder with pre-integrated payment gateway and delivery services, powers over 30,000 registered local merchants since its launch in 2019. UBX recently launched Sentro Build – the first multi-merchant marketplace builder in the Philippines bringing buyers and sellers together in one reliable site.

UBX Technological Services is UBX’s digital transformation and technology solutions venture. UBX Technological Services developed PHX, the Philippine’s 1st Central Bank approved Stable Coin that currently powers the i2i network. QLABS has helped “tech up” multiple businesses, such as developing PERA HUB’s mobile application with features that allow customers to connect with, and pay, thousands of merchants. 

Assured is the Philippines’ first and revolutionary embeddable insurance platform. Assured partnered with insurtech Coherent and insurance giant Chubb to increase insurance penetration rate through embedded insurance, a protection cover presented as a value-added feature in everyday experiences like paying a bill or shopping online. Assured is led out of the Singapore office, paving the way for regional expansion.

Xpanse, the open finance platform of UBX, is the newest addition to UBX’s portfolio of first-in-industry ventures. By giving direct access to consent-driven financial data through direct APIs, service providers are empowered to build more effective financial products and services for Filipinos. Xpanse partnered with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, to leverage Alibaba Cloud’s eKYC (Electronic Know Your Customer) solution provided by Zoloz, a strategic partner of Alibaba Cloud, to help financial institutions boost their business efficiency and reinforce system security through digital identity verification process.

UBX also opened its own public stake pool featuring Cardano, becoming the first in the world to run a public stake pool as a regulated institution. UBX Staking provides Filipinos a reputable and trustworthy source to earn rewards on their ada for UBX Philippines Inc helping to secure and operate the Cardano blockchain.

To learn more about UBX click on this link:  https://www.ubx.ph/about-us/