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UnionBank unveils digital solutions that help build SMEs

By Gloria Mathias

November 22, 2023

  • APAC news
  • Banking Solutions
  • Digital Banking
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UnionBank, Union Bank of the Philippines, Digital Solutions, Payments, Banking Solutions, Digital Banking, Philippines, SMEs solutionUnion Bank of the Philippines (UnionBank) has embarked on a digital transformation journey with the introduction of Digital solutions for businesses.

Unionbank recognises the evolving business landscape and is committed to helping other enterprises succeed in the digital age by ushering in a new era of innovative transaction banking solutions.

Unionbank aims to empower businesses in the following areas:

PayExpress is an electronic supplier payment solution with automated Check Disbursements and Creditable Withholding Tax (CWT) generation. Unionbank and PayExpress understand the significance of streamlining supplier payments and enhancing efficiency. It allows clients to conveniently manage transactions by collecting Official Receipts (ORs) from suppliers and vendors prior to disbursing or crediting payments.

Unionbank’s Payroll Digital Account Opening is a solution that provides efficient, paperless, and fully digital end-to-end ePaycard payroll and corporate disbursement solutions for corporate clients to their employees. Corporations can efficiently distribute salaries while offering an array of value-added benefits to their employees allowing them to open an account at their convenience in their own homes.

Remote Check Deposit (RCD) redefines the way checks are deposited. With RCD, corporate clients can effortlessly use a check scanner to deposit a hundred checks at a time online, eliminating the need for branch visits. RCD also provides a clear display of cleared and bounced checks, complementing the bank’s mobile check deposit service.

MCD capitalises on the prevalence of the commonly used gadget, a smartphone, by allowing corporate clients to conveniently deposit checks at their preferred time and place, thereby embracing the convenience of a digital interface.

All these transaction banking solutions are conveniently accessible through a single platform known as “The Portal”. This one-stop shop corporate banking facility offers corporate clients seamless access to UnionBank’s extensive array of products and services, making it the go-to choice for large corporate entities seeking a convenient, secure, and efficient solution for their day-to-day financial transactions.

UnionBank remains dedicated to elevating businesses’ transaction banking experience through its continuous pursuit of innovative solutions.

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