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April 12, 2024

AllBank, Unacash revolutionize digital payments in the Philippines

AllBank (A Thrift Bank) Inc., in collaboration with Unacash, a leading in-app and in-store financial solutions provider, announced a strategic partnership aimed at transforming the landscape of digital payments in the Philippines.

The agreement between AllBank and Unacash seeks to provide merchants and consumers with enhanced financing processes. Through this collaboration, customers of Unacash will gain access to a secure and convenient payment method utilizing QRPH.

With QRPH’s interoperability, Unacash will facilitate seamless, near real-time transactions, allowing for the swift sending and receiving of payments across various banks and e-wallets.

“AllBank is committed to driving the evolution of digital payments towards a cash-light environment in the Philippines. Our partnership with Unacash underscores this commitment and signifies a significant step forward in fostering innovation and customer-centric solutions,” said Jesus Vicente Garcia, president and executive director of AllBank.

Aleksei Kosenko, president of Digido Finance Corp., the operator of Unacash, expressed gratitude for the collaboration,.

“This partnership marks a milestone for Unacash as we strive to deliver a seamless and secure payment gateway for our partners and customers,” Kosenko said.

The collaboration between AllBank and Unacash aligns with the Bangko Sentral ng Pilipinas’ initiative to promote digital payments, particularly through the QRPH system. Both entities are poised to play a pivotal role in driving the adoption of digital payments and enhancing financial inclusion in the country.