UnionBank Bridges the Gap for Unbanked Filipinos through Cash-out via 11,000 Remittance Outlets Nationwide

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SINGAPORE – Media
OutReach
 – 23 June 2020 – Union
Bank of the Philippines
(UnionBank) recently rolled out more cash-out
options for customers via 11,000 remittance counters across the Philippines,
including in rural areas where most of the unbanked and underserved population
are located.

This makes UnionBank the first Philippine bank to launch the
largest cash-out network in the country — a crucial step seen to significantly improve
access to financial services for communities amidst the current pandemic.

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Recognizing that sending funds to families and relatives
living in provinces has been challenging, especially in far-flung areas where
ATMs and bank branches are scarce or unavailable, UnionBank identified that the
best course of action to address this concern was to enable customers to send
money from home via its app to remittance counters in underserved areas.

The Bank leveraged existing partnerships with top Philippine
fintechs such as Dragonpay and Coins.ph, as well as remittance centers Cebuana
Lhuillier, LBC, PeraHub and Palawan Express. Integrating the service on
UnionBank’s app was made possible in a short amount of time through Application
Programming Interfaces (APIs) exposed on the Banks API Developer Portal/ Marketplace.
This also enabled rural banks, who are currently on the UnionBank’s i2i
network, to connect to the payout counters, allowing their account holders to
send or withdraw funds from these non-traditional outlets.

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In just a couple of weeks, UnionBank secured approval from
the Central Bank of the Philippines, to perform a live pilot remittance and
roll out the feature in the UnionBank Online app.

“With the onset of this pandemic, it has become crucial that
our products and services quickly adapt to the challenges presented in this new
digital normal,” said Edwin Bautista, UnionBank President and Chief Executive
Officer. “This cash-out service is just one way for UnionBank to demonstrate
its commitment to financial inclusion as we continue venturing forth in
tech-ing up the Philippines.”

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Upon the launch of this service, UnionBank noted an
immediate high uptake by its customers. At the end of April 2020, with all
major remittance centers available through the service, transactions have more
than doubled. The Bank also recorded a 20% increase in daily digital account
opening as a result of this feature.

“Through collaboration with various UnionBank teams and our
fintech partners, we have demonstrated that the spirit of community is very
much alive as we address the needs of our countrymen,” said Arvie de Vera,
UnionBank Senior Vice President and Fintech Group Head. “This is a testament
that we can use technology and digital services to ensure that no one gets left
behind, especially as we weather through this ongoing crisis.”

UnionBank Bridges the Gap for Unbanked Filipinos through Cash-out via 11,000 Remittance Outlets Nationwide

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UnionBank Bridges the Gap for Unbanked Filipinos through Cash-out via 11,000 Remittance Outlets Nationwide - Brand SpurUnionBank Bridges the Gap for Unbanked Filipinos through Cash-out via 11,000 Remittance Outlets Nationwide - Brand Spur

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UnionBank Bridges the Gap for Unbanked Filipinos through Cash-out via 11,000 Remittance Outlets Nationwide - Brand SpurUnionBank Bridges the Gap for Unbanked Filipinos through Cash-out via 11,000 Remittance Outlets Nationwide - Brand Spur

Latest News

ECOVACS ROBOTICS Introduces 9-in-1 DEEBOT T9 In Indonesia – Our Best DEEBOT Just Got Better!

“The Best Just Got Better" with the first robotic vacuum cleaners in the market to combine upgraded vacuuming and mopping capabilities in one go

 

JAKARTA, INDONESIA - Media OutReach - 13 April 2021 - ECOVACS ROBOTICS, the world's leading home service robotics maker, today launched the DEEBOT T9, the first models with intelligent 9-in-1 obstacle avoidance robotic vacuum cleaner that combines powerful vacuuming and mopping functions with a built-in mobile air freshener. The upgraded DEEBOT T9 with these cutting-edge features is more powerful and smarter than ever before.


UnionBank Bridges the Gap for Unbanked Filipinos through Cash-out via 11,000 Remittance Outlets Nationwide - Brand Spur


UnionBank Bridges the Gap for Unbanked Filipinos through Cash-out via 11,000 Remittance Outlets Nationwide - Brand Spur


UnionBank Bridges the Gap for Unbanked Filipinos through Cash-out via 11,000 Remittance Outlets Nationwide - Brand Spur


DEEBOT T9 raises the bar for home cleaning with 9 stunning features, including the ECOVACS' leading TrueDetect 3D 2.0, a real-time strategic obstacle detection and avoidance technology; TrueMapping 2.0 for precise navigation; ECOVACS HOME App upgraded with 3D Map, and OZMO™ Pro 2.0 Electric Oscillating Mopping System that ensures stubborn stains are removed more efficiently and quietly, compared to previous generation.


"We keep a close eye on market demand and there was a clear indication that consumers want smart products that make homecare even simpler, doing as much and as thorough as they can, in one go. ECOVACS is committed to giving consumers the latest in smart and unique cleaning experience," said David Qian, Chief Executive Officer of ECOVACS ROBOTICS. "We've introduced our new-generation technologies, combined with multiple features while adding even more to our DEEBOT T9 to make sure every inch and floor surface is covered. Our Best DEEBOT Just Got Better."

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Upgraded ECOVACS HOME App with Improved Obstacle Avoidance and Navigation Technology


TrueDetect 3D 2.0 technology comes with an upgraded algorithm to quickly detect different types of obstacles and strategically avoid them. The DEEBOT T9 can detect object sizes right down to mere millimeters, which is ten times more accurate than products using traditional infra-red technology, with a detection range of 70-350 millimeters. Moreover, DEEBOT T9 can navigate smoothly in different indoor environments and lighting conditions without any interruptions, even in total darkness. TrueDetect 3D 2.0 technology allows the robotic vacuum cleaner to avoid collisions, entanglements, or disruptions, so users do not have to monitor the robot and clean it continuously.

Combining TrueDetect 3D 2.0 and TrueMapping 2.0 with 3D Maps brings a whole new level of automated cleaning efficiency and flexibility for users. They can quickly locate the robotic vacuum cleaner's exact position via the 2D and 3D Maps. They can also manage their entire cleaning task on-the-fly, by toggling between the 2D and 3D Maps with the upgraded ECOVACS HOME App.

The new ECOVACS HOME App is designed for intuitive use, enhancing the user experience and reinforces the ECOVACS branding. The App is easy to navigate, offering users an optimal cleaning route. The interface integrates all the common features so that users can access critical functions easily. They can customize the amount of water used, suction power, cleaning times, and routes for different rooms.


A Luxurious Cleaning Experience with Built-in Air Freshener


The DEEBOT T9 is the first in the industry to clean floors and freshen the air at the same time. Connected to the DEEBOT's mobile system, the air freshener gives users a vacuuming and fragrance experience that goes beyond traditional cleaning.

The air freshener's unique design releases the fragrance onto the floor directly to remove musty and pet odors, while the fan at the bottom of the air freshener unit spreads the fragrance evenly.

The air freshener uses replaceable capsules, that can last up to 60 days, featuring three kinds of fragrances. Users can choose to switch the air freshener on or off using the ECOVACS HOME App, and extend its lifespan.


Powerful In-depth Cleaning Performance with OZMO Pro 2.0 and Auto-Empty Station Compatibility


The DEEBOT T9 comes with latest OZMO™ Pro 2.0 Electric Oscillating Mopping System with a newly designed motor and movement structure that minimizes noise.

The enhanced suction power of 3000 Pa also raises the bar in cleaning performance. The high-strength fiberglass structure keeps the suction power consistent when vacuuming both hard floors and carpets. The high-frequency vibration of up to 480 times per minute increases the mopping performance, making it comparable to an electric mop.

The DEEBOT T9 uses a disposable mopping pad that can be safely discarded immediately after cleaning. The specially-designed microfibers absorb water evenly, efficiently capture dust, and reduce residual water stains. The composite structure increases friction between the mopping pad and the floor and helps the OZMO™ Pro 2.0 Electric Oscillating Mopping System effectively remove stubborn stains on the floor.

A power-up kit is available for the DEEBOT T9 that further enhances the cleaning performance and user experience. The Auto-Empty Station, which clears the robot's dustbin automatically after cleaning with minimal human intervention, is also compatible with DEEBOT T9.


Pricing and Availability


DEEBOT T9's suggested retail price is IDR 8.29 Million. It will be officially available at Shopee with special price of IDR 8.09 Million and comes with a IDR 200K discounted voucher and a free giftpack on April 17 to 18 ECOVACS X Shopee Brand Day.


It is also available at Lazada, Tokopedia, and Blibli from April 19 onwards with an IDR 200K discounted voucher and free giftpack as launch promotion until April 22.

For more information, please visit ecovacs.com or connect with us on UnionBank Bridges the Gap for Unbanked Filipinos through Cash-out via 11,000 Remittance Outlets Nationwide - Brand SpurFacebook and UnionBank Bridges the Gap for Unbanked Filipinos through Cash-out via 11,000 Remittance Outlets Nationwide - Brand SpurInstagram.


About ECOVACS ROBOTICS

Innovating Since Day One – Creating the Intelligent Home.


At ECOVACS ROBOTICS, we care about innovating solutions to enhance your lifestyle. Based on a deep understanding of use cases and consumer experiences, we design robots that help you "live smart, enjoy life."


With over 20 years of design and industry-leading research, we have led the market as homes become more intelligent and responsive. We are building a world where your home asks less of your attention, becomes more seamless and powerful, and frees you to spend more time doing what you love.


UnionBank Bridges the Gap for Unbanked Filipinos through Cash-out via 11,000 Remittance Outlets Nationwide - Brand Spur
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- Advertisement -UnionBank Bridges the Gap for Unbanked Filipinos through Cash-out via 11,000 Remittance Outlets Nationwide - Brand SpurUnionBank Bridges the Gap for Unbanked Filipinos through Cash-out via 11,000 Remittance Outlets Nationwide - Brand Spur