UnionBank and Wirecard cooperate on digital banking services for corporate customers in the Philippines

Aschheim (Munich) (ots) -

- Corporate customers to benefit from secure, reliable banking
facilities

As part of its goal of enabling inclusive prosperity in the country, Union Bank
of the Philippines (UnionBank) inked a partnership agreement with Germany-based
financial services provider Wirecard to make banking services more convenient
and efficient for corporate customers in the financial services ecosystem.

The partnership was officiated with a Memorandum of Understanding signing
ceremony last December at UnionBank Plaza in Pasig City, Philippines. Under the
partnership, Wirecard will leverage solutions within UnionBank's robust banking
ecosystem, such as business banking, electronic fund transfer, and checkwriter
in the Philippines. These solutions will allow Wirecard's Philippines entity to
disburse funds easily and securely to suppliers and vendors, and settle payments
to merchants via checks and wire transfer.

UnionBank Corporate Banking Center Head Antonino Fajardo said through the
partnership, businesses will be empowered with a wider range of banking and
finance services, which in turn will enable them to create greater positive
impact on the economy.

"Businesses play a big role in the country's growth. They provide jobs, they
contribute to our GDP, and they help build the country through their various
corporate social responsibility efforts. With this partnership, we will be able
to magnify all of that," Fajardo said.

General Manager for Wirecard in the Philippines Martha Borja expressed her
excitement about the partnership and said they will work hard towards the common
goal of both companies to promote financial inclusion in the country.

"As a global innovation leader in digital financial technology, we are committed
to providing innovative solutions and services for cashless payments. We are
delighted to collaborate with UnionBank - who not only shares the same vision as
us to promote financial inclusion in the country, but is also at the forefront
of digital transformation in the Philippines, embracing technological
innovations to empower customers. Through our cooperation with UnionBank, we can
provide our customers with secure and reliable banking facilities that meet
their needs," said Borja.

Meanwhile, UnionBank President and CEO Edwin Bautista cited the country's
exponential growth and said that for the whole nation to benefit, everyone must
work together to ensure inclusive prosperity for all.

"The country is moving at a fast rate in terms of growth, and with this comes
the possibility of the widening gap between those who make money and those who
get left behind," said Bautista. "We want as much as possible that when the tide