Union Bank of the Philippines and Voyager Innovations Inc, the digital arm of PLDT and Smart Communications Inc., signed an agreement to offer the bank’s retail loans portfolio through Lendr.
Under the agreement, UnionBank’s salary, personal automotive, housing and other customer loan availment will soon be within reach through mobile devices.
Lendr is a fully digital, multi-channel, telco- and bank-agnostic platform that financial institutions and credit providers can use to reach consumers planning to avail themselves of loans through a single online marketplace.
“In the fast-growing digital economy, innovation is the name of the game, and we are glad that UnionBank is seeing the vast opportunity for growth through digital lending with the help of Lendr,” PLDT, Smart and Voyager chairman Manuel Pangilinan said.
“We are excited to work hand in hand to bring the best of Voyager’s FinTech innovations and UnionBank’s robust lending portfolio together for the benefit of Filipino consumers nationwide,” he said.