UnionBank launches SME banking app

Aboitiz-led Union Bank of the Philippines on Tuesday launched an application to help small and medium enterprises (SMEs) recover from the COVID-19 pandemic.

In a virtual launch, UnionBank introduced its SME Business Banking app, an all-in-one access platform for SMEs' needs.

“As the country continues to recover, Philippine SMEs need innovative, convenient, and secure banking solutions. Through our platform, we want to empower them to bank the way they want and according to what their business needs,” Jaypee Soliman, UnionBank vice president for SME Platforms said.

Entrepreneurs can use the app to can open business checking accounts online. According to the bank, their accounts will be readily available to use within the same day of opening, with no need to fill out forms or visit a branch.

The app also helps SMEs manage all their financial operations.

UnionBank is also offering other SME banking solutions including SeekCap. through which business owners can apply for a loan, and UnionBank GlobalLinker, on which SMEs can manage inventory and respective teams, gain more knowledge about the local landscape, and expand their network. — Ted Cordero/BM, GMA News