Claiming remittances has just become easier, faster, and more reliable as UnionBank has teamed up with Western Union and PERA HUB, one of the leading agents of Western Union on the Philippines, for a seamless and reliable way to receive Western Union remittances in real time through the UnionBank Online app.
Recognized as Best Digital Bank in the country for four years in a row the The Asset Triple A, UnionBank is the first Philippine bank that enables customers to claim Western Union remittances through the UnionBank Online app and credit it directly to their bank account right away.
After the imposition of pandemic-related lockdowns all over the world, necessary activities like shopping for groceries, doing bank transactions, and sending and receiving remittances have been hampered. While may restrictions have been eased, risk of exposure to COVID-19 remains a big risk. This is what UnionBank aims to address with this partnership. OFWs and those far away from their loved ones can now give their families the option to claim remittances instantly and from the comfort for their own homes.
All they have to do is follow four easy steps:
Referral and First Time Usage promo
After falling by 0.8% in 2020, cash remittances, grew by 12.7% to $2.305 billion in April this year, according to data posted by the Bangko Sentral ng Pilipinas in June. The central bank now expects cash remittances to grow by 4% this year, signifying an economic recovery amid the pandemic. This inflow remains an important part of final consumption expenditure, which makes up most of the Philippines’ Gross Domestic Product (GDP), based on the World Bank.
As the leader in banking innovation and technological integration, UnionBank has always been looking for digital solutions to help the Filipino public adjust to the new normal. While the bank acknowledges the economic impact of cash remittances, its officials highlighted the convenience they wanted to provide.
“Through collaboration with Western Union, the largest remittance network globally, and PERA HUB, one of the leading Western Union agents in the Philippines, UnionBank is proud to be the first bank to digitally enable Western Union remittances in our mobile app for our kababayans.”
– Arvie de Vera, UnionBank Senior Vice President
“We hope this will give our OFWs peace of mind so they don’t have to worry more than they already do about their families back home. And to our customers, we remain committed to UnionBank’s pursuit of digital innovations to improve your banking experience and everyday lives.”
– Ana Aboitiz-Delgado, UnionBank Executive Vice President, Chief Customer Experience Officer and Chief Digital Channel Officer.
With Western Union’s more than 550,000 agent locations in over 200 countries and territories, and PERA HUB enabling their digital execution in the Philippines, through this collaboration UnionBank customers and their relatives abroad are now able to experience a convenient and safe remittance experience.
“At Western Union our mission is to drive global connectivity, foster financial inclusion and move money for better. We look forward to successful collaboration with PERA HUB and Union Bank of the Philippines offering multiple cross border solutions for our combined loyal customer base.”
– Jeffrey Navarro, Head of Philippines, Malaysia, Brunei & Indochina for Western Union
“We also aim to be the first in creating market solutions that will help us grow in new segments.”
– Ian Ocampo, PERA HUB President and CEO
Claim your remittance now in real time using the UnionBank Online mobile app. Download it from Apple’s App Store, Google Play Store, and the Huawei AppGallery.
Emman has been writing technical and feature articles since 2010. Prior to this, he became one of the instructors at Asia Pacific College in 2008, and eventually landed a job as Business Analyst and Technical Writer at Integrated Open Source Solutions for almost 3 years.
