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September 22, 2023

Unionbank and data analytics firm predict credit card boom in the Philippines

Union Bank of the Philippines (UnionBank) and Data Analytics Ventures Inc. (Davi) executives are optimistic about the credit card market in the Philippines, citing “revenge shopping” and increased consumer earnings as driving factors.

The two firms anticipate a 20% market growth this year and have partnered to launch the “Unionbank Go Rewards Visa Credit Card” targeting digital-savvy millennials and Generation Z.

The firms aim to have 200,000 users by mid-2024, targeting the digital shopping preferences of younger generations.

The collaboration aims to leverage their expertise and best practices for mutual benefit.


UnionBank gets BSP nod, becomes first and only PH universal bank to offer mobile crypto trading

Proving its status anew as an industry trailblazer, Union Bank of the Philippines (UnionBank) recently achieved another first in the industry after securing a Certificate of Authority from the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP), making it the first and only universal bank in the Philippines to offer virtual asset exchange services.

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Maya sweeps banking awards

Fintech firm Maya, a pioneer in digital banking in the Philippines, secures three prestigious awards, including Virtual Bank of the Year, reflecting its commitment to financial inclusion and innovation in the digital banking sector.

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HSBC Philippines CEO Sses bright future for the country

Sandeep Uppal, President and CEO of HSBC Philippines, sees a bright future for the country, citing its welcoming nature, rich history, and potential in sustainable finance and renewable energy investments, while emphasizing the importance of work-life balance and long-term career planning.

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