UnionBank and PDAX: Future Proofing Financial Service Providers
Union Bank of the Philippines (UnionBank) and the Philippine Digital
Asset Exchange (PDAX), Inc. have recently signed a memorandum of agreement
(MOU) to forge a partnership
that will provide relevant solutions aimed
at offering cutting-edge solutions for fintechs, tech companies, digital
services companies, MSMEs, and corporate clients of UnionBank through
Crypto-as-a-Service.
UnionBank and PDAX held The
MOU signing ceremony last took place on
April 26 at the UnionBank Plaza in Pasig City. The event was attended led by with PDAX CEO and Founder Nichel
Gaba; PDAX Chief Business Development Officer Kenneth Chua; Assistant Vice
President - Sales of UnionBank Fintech Business Group (FBG) Andrew Garcia; and
Senior Vice President - Corporate Banking Group of UnionBank Angelica Balangue.
"I wish to thank PDAX for embarking on this journey with
UnionBank as we ideate, co-create, and 'tech-up' the organizations which aim to
include crypto services in their key offerings, primarily those in the payments
segment," said Garcia. "May this partnership bring forth a more open
and digitalized future for our business clients, our communities, and our
country."
"Though we are signing this agreement today, we do feel at PDAX
that our partnership has been in place from the very beginning, not only from a
commercial standpoint with you as our banking partner, but also in the fact
that we have very aligned values. We value responsible innovation, we value
making services more accessible to Filipinos and we believe that the future of
banking is digital," said Gaba.
"The path to digitalization is very rarely a straight line, and
so we always need partners like UnionBank who have taken up the mantle of
industry leadership in order to put our industry firmly committed in that path.
So, we signed this [agreement] today to join you to make digital services more
accessible," Gaba added.
"This program brings together the fintech, tech, and digital
service companies and their unique value-added services for the benefit of our
UnionBank clients. Services such as Crypto-as-a-Service by PDAX together with
the other solutions of our fintech partners clearly augment the standard
product offerings of the Bank," said Balangue.
The partnership with PDAX reinforces UnionBank’s “Tech-Up Pilipinas”
advocacy by making financial service provider clients future-ready.
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