UNOAsia partners with HPS for its launch in the Philippines

By Leandra Monteiro

HPS, the leading global provider of payment solutions, announced that UNObank, South East Asia’s first full-spectrum digital bank, has selected HPS’ PowerCARD solution for its card issuing activities in Asia. The news follows the announcement that Singapore headquartered FinTech UNOAsia, one of the primary incorporators of UNObank, has received approval by the Bangko Sentral Ng Pilipinas (BSP) to operate a digital bank in the Philippines.

HPS will roll out its PowerCARD solution for UNObank as a service fully integrated in a robust digital technology ecosystem and hosted on Amazon Web Services.

Abdeslam Alaoui Smaili CEO of HPS said, “Our mission at HPS has always been to provide our clients with cutting edge payments technology, and to enable them to bring new products to the market with ease and efficiency. For this reason, we are beyond thrilled that PowerCARD has been chosen by UNObank to bridge the financial inclusion gap through one card that gives access to a full spectrum of banking services, and we look forward to being a part of its latest venture into the Filipino market. UNObank’s trust in HPS comforts us on the consistency of our development strategy in South East Asia.”

Manish Bhai, CEO of UNOAsia said, “We have selected HPS’ PowerCARD solution because of their deep understanding of the challenges new market entrants are facing and their advanced, cloud-based technology. We are confident that HPS will help us achieve our goal of offering the Filipino public one app for all their financial needs, from savings to payments and investing.”