Union Bank of the Philippines, Inc. (UnionBank) has introduced dollar-dispensing ATMs in its headquarters and branches in Greenhills and Cebu, becoming the first local bank to offer this service.
The machines enable customers to withdraw US dollars in $100 denominations with no withdrawal fees.
The bank plans to expand this capability to strategic locations and branches frequented by UnionBank US Dollar account holders with significant USD transaction needs.
In line with its thrust of building the safest platform for its users, GCash is expressing its full support for the urgent passage of a proposed law that will give a big boost to the fight against scammers and fraudsters.
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.
Land Bank of the Philippines has assured beneficiaries of the P3-billion Fuel Subsidy Program of ‘fast and timely’ crediting of the fuel subsidy to their cash cards.
Paul Favila, Citi Philippines’ CEO, envisions the Philippines as a potential regional financial center, citing the country’s existing technological capabilities and the need for improved transport infrastructure to connect it with the world, potentially challenging Singapore’s position as a financial hub.
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.
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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