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July 14, 2024

UnionBank’s UBX bags Best ATM Project Award

The financial technology venture studio and fund of Union Bank of the Philippines headed by bankero Edwin Bautista bagged the Best ATM Project Award at the 2022 Asset Triple A Digital Awards for its groundbreaking Mobile ATM Solution.

UBX’s platform empowered financial institutions and community-based financial services providers to provide ATM solutions to far-flung areas during the pandemic.

“It is humbling to be recognized for our efforts in promoting financial inclusion, since this challenges us to strive for more. There is definitely more to expect from i2i in the near future–projects which are all driven by our commitment to bring finance closer to the everyday Filipino,” UBX President John Januszczak said.

Operated under UBX’s banking-as-a-service platform and community – i2i, the Mobile ATM solution was developed to provide safer access to government cash assistance projects such as 4Ps and SAP in remote areas. It also created an additional source of income for small businesses that were successfully onboarded as cash agents.

i2i prides itself in being the nation’s fastest growing payments and cash disbursement network. It enables banks, cooperatives, MSMEs and other non-banking financial institutions to connect with each other to expand their reach and digital capabilities in the name of financial inclusion.

“UBX’s i2i Mobile ATM digital project is a standout initiative in the Philippines and plays an important part in driving financial inclusion in the country. The project was timely given the impact of COVID-19 at the time, enabling distribution and access to funds in the remote areas of the Philippines,” The Asset Board of Editors said.

The Asset Triple A Digital Awards recognizes financial institutions and technology firms that have excelled in innovation and developing a unique digital experience for customers across the Asia-Pacific and the Middle East.

The awards are adjudicated by The Asset’s board of editors who collectively have several decades’ worth of experience evaluating industry awards in the Asia-Pacific and the Middle East.