UnionBank-Visa fund transfer. Union Bank of the Philippines becomes the first Philippine bank to join Visa B2B Connect, a cross-border business-to-business payments platform of global payments technology company Visa using the blockchain architecture. UnionBank aims to simplify and reduce the cost of cross-border payments for 500,000 small and medium enterprises in the country. At the launching of the new digital platform are (from left) UnionBank senior vice president and chief transformation officer Henry Aguda, head of business group’s financial technology Ramon Vicente de Vera, chairman Justo Ortiz, Visa head of B2B partnership in Asia Pacific Vikram Kshettry, UnionBank president and chief executive Edwin Bautista, Visa country manager for the Philippines and Guam Stuart Tomlinson and UnionBank senior vice presidents John Ong and Ramon Duarte.
