Malaysia’s Capital A teamed up with UnionDigital Bank, a subsidiary of Union Bank of the Philippines, to expand its financial technology business in the Philippines.
UnionDigital Bank’s collaboration with BigPay, a leading mobile wallet providing financial services in Malaysia and Singapore, solidifies its expansion in the Philippine market.
BigPay, under the partnership, aims to serve Philippine customers with secure and frictionless financial services to improve their financial health and management in the long run.
“As tourism flourishes in the region, we are excited to elevate the end-to-end travel and payment experience of Filipinos through our collaboration with UnionDigital Bank and airasia [Superapp],” said BigPay chief executive Zubin Rada Krishnan.
“Through this partnership, BigPay is one step closer to making our financial services highly accessible in the Philippines, with the mission of empowering people to level up their lives, one transaction at a time,” he said.
AirAsia is the airline business of Capital A, while airasia Superapp is the one-stop travel platform offering services from flights, hotels, ride-hailing, loyalty programs and more.
“For Capital A, the vision has always been to provide low cost, best value services, connecting people and realizing dreams, for people of ASEAN and beyond. With UnionDigital as our proud partner, we are now on our way to creating a future where travel meets innovative financial solutions that facilitate everyone’s dream journeys with unparalleled ease,” said Capital A chief executive Tony Fernandes.
“We look forward to working with UnionDigital to redefine travel coupled with fintech as an accessible and enriching experience,” he said.
Fernades said data showed that seven of 10 of customers in the Philippines save up for travel plans, carefully budgeting to ensure they can explore the world comfortably.
“This is a pivotal moment for the two important sectors in the Philippines. We are forging a path towards greater convenience, accessibility and innovation to empower Filipinos to live better lives,” said UnionDigital Bank president and chief executive Henry Aguda.
“As we make these partnership announcements at ABAC, we are not just setting the stage but building a solid foundation for a brighter future with BigPay and AirAsia by our side,” he said.
The collaboration demonstrates UnionDigital Bank, AirAsia and BigPay’s dedication to driving positive change, leveraging on powerful synergies that will empower and uplift the lives of Filipinos.
“As we continue to push boundaries and pioneer new initiatives with like-minded partners, a financially inclusive Philippines will surely be on its way,” Aguda said. Darwin G. Amojelar