UnionBank and Wirecard cooperate on digital banking services for corporate customers in the Philippines

Aschheim (Munich) (ots) -

- Corporate customers to benefit from secure, reliable banking
facilities

As part of its goal of enabling inclusive prosperity in the country, Union Bank
of the Philippines (UnionBank) inked a partnership agreement with Germany-based
financial services provider Wirecard to make banking services more convenient
and efficient for corporate customers in the financial services ecosystem.

The partnership was officiated with a Memorandum of Understanding signing
ceremony last December at UnionBank Plaza in Pasig City, Philippines. Under the
partnership, Wirecard will leverage solutions within UnionBank's robust banking
ecosystem, such as business banking, electronic fund transfer, and checkwriter
in the Philippines. These solutions will allow Wirecard's Philippines entity to
disburse funds easily and securely to suppliers and vendors, and settle payments
to merchants via checks and wire transfer.

UnionBank Corporate Banking Center Head Antonino Fajardo said through the
partnership, businesses will be empowered with a wider range of banking and
finance services, which in turn will enable them to create greater positive
impact on the economy.

"Businesses play a big role in the country's growth. They provide jobs, they
contribute to our GDP, and they help build the country through their various
corporate social responsibility efforts. With this partnership, we will be able
to magnify all of that," Fajardo said.

General Manager for Wirecard in the Philippines Martha Borja expressed her
excitement about the partnership and said they will work hard towards the common
goal of both companies to promote financial inclusion in the country.

"As a global innovation leader in digital financial technology, we are committed
to providing innovative solutions and services for cashless payments. We are
delighted to collaborate with UnionBank - who not only shares the same vision as
us to promote financial inclusion in the country, but is also at the forefront
of digital transformation in the Philippines, embracing technological
innovations to empower customers. Through our cooperation with UnionBank, we can
provide our customers with secure and reliable banking facilities that meet
their needs," said Borja.

Meanwhile, UnionBank President and CEO Edwin Bautista cited the country's
exponential growth and said that for the whole nation to benefit, everyone must
work together to ensure inclusive prosperity for all.

"The country is moving at a fast rate in terms of growth, and with this comes
the possibility of the widening gap between those who make money and those who
get left behind," said Bautista. "We want as much as possible that when the tide
rises, all boats get floated, even the small boats."

About Wirecard:

Wirecard (GER:WDI) is one of the world's fastest growing digital platforms in
the area of financial commerce. We provide both business customers and consumers
with a constantly expanding ecosystem of real-time value-added services built
around innovative digital payments by using an integrated B2B2C approach. This
ecosystem concentrates on the areas payment & risk, retail & transaction
banking, loyalty & couponing, data analytics & conversion rate enhancement in
all sales channels (online, mobile, ePOS). Wirecard operates regulated financial
institutions in several key markets and holds issuing and acquiring licenses
from all major payment and card networks. Wirecard AG is listed on the Frankfurt
Stock Exchange (DAX and TecDAX, ISIN DE0007472060). Visit us on
www.wirecard.com, follow us on Twitter @wirecard and on Facebook @wirecard.

About UnionBank:

UnionBank has consistently been recognized as one of Asia's leading companies in
banking and finance, ranking among the Philippines' top 10 universal banks in
terms of key performance ratios in profitability, liquidity, solvency and
efficiency. For the past three years, the bank garnered a record-breaking number
of awards and recognitions including "Asia's Best Bank Transformation" from
Euromoney; back-to-back "Best Digital Bank Philippines" from Asiamoney;
back-to-back "Digital Bank of the Year Philippines" from The Asset Triple A
Awards; Digital Transformer of the Year Philippines" from IDC's DX Awards
Philippines; "Bank of the Year Philippines" from International Investors
Business Awards; "Best Universal Bank" from Capital Finance International;
"Domestic Retail Bank of the Year Philippines" from Asian Banking & Finance;
"Gold - Employer of the Year (Banking)" from Stevie Awards for Great Employers;
"Bronze - Employer of the Year in Asia" and "SME Bank of the Year - Philippines"
from the Asian Banking and Finance; "Best Companies to Work for in Asia" from HR
Asia; "Best Digital Bank" from The Asian Banker; "Most Innovative Cash
Management Services Bank Philippines" from Global Banking and Finance Review;
"Champion - Best Bank in Digital Financial Inclusion" from Bankers Institute of
the Philippines; and "Top PESONet Volume Contributor" at the BSP Stakeholders
Awards Ceremony 2019.

Contact:

Wirecard media contact:
Wirecard AG
Jana Tilz
Tel.: +49 (0) 89 4424 1363
Email: jana.tilz@wirecard.com

UnionBank media contact:
James Ileto
Email: jmpileto@unionbankph.com

Additional content: https://www.presseportal.de/pm/15202/4532949
OTS: Wirecard AG
ISIN: DE0007472060

Original-Content von: Wirecard AG, übermittelt durch news aktuell