What does UnionDigital Bank do?

UnionDigital Bank is a digital banking subsidiary of UnionBank of the Philippines, established in 2021 and based in Pasig City. The bank aims to enhance financial inclusion for underbanked and unbanked Filipinos by offering fully digital banking services. Known as "The UBEH Bank," it focuses on providing accessible and personalized financial products to underserved communities, including overseas Filipino workers. The bank offers a variety of financial products, including savings and time deposits, lending services, digital savings accounts, and bill payment options. It also provides microloan programs tailored for micro, small, and medium enterprises, as well as gig workers. UnionDigital Bank utilizes advanced digital technologies and has partnered with companies like Huawei to enhance its service delivery. The bank is committed to promoting digital literacy and responsible borrowing, with plans to establish public access points for digital loans and integrate identity verification systems by 2025.