SBI Holdings Inc., a Tokyo-based financial services conglomerate, has acquired a minority stake in UBX, a proponent of digital
transformation in the Philippines, allowing both parties to collaborate in developing more impactful digital transformation solutions tailored
for the needs of enterprises.
UBX will leverage
the new capital
to expand its footprint and develop advanced
financial and digital transformation solutions tailored to meet the
increasing demand for digital services in the Philippines.
“We see immense potential in the Philippine
market, one of the fastest growing economies
in the region. Our investment in UBX reflects
our belief and confidence in UnionBank’s innovative approach to
digital transformation,” SBI Holdings President Yoshitaka Kitao said.
“The investment of SBI Holdings
in UBX will allow us to combine
our local expertise and digital transformation capabilities with SBI's vast experience in digital finance
to develop more impactful and
scalable solutions for the Philippine market,” UBX President & CEO
John Januszczak said.
“The SBI partnership will drive new and
exciting financial technology innovation for inclusivity and nation building,” Global Chief Technology Officer Mario Domingo
said.
The partnership between
UBX and SBI Holdings will also foster a robust exchange of knowledge and expertise, strengthening
UBX’s position as a digital transformation leader while opening new
opportunities for SBI Holdings to explore more business
opportunities in the burgeoning
Philippine market.
To learn more about UBX, please visit https://ubx.ph/
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