UBX, SouthBank partner to beef up digital rural banking in Mindanao

UBX, SouthBank partner to beef up digital rural banking in Mindanao

UBX, the leading open finance platform in the Philippines, and SouthBank, a rural bank based in Cagayan de Oro, entered into a strategic alliance to provide customer-centric and inclusive digital financial services to more Filipinos in Mindanao.

Under the agreement, i2i, the banking-as-a-service venture of UBX, will expand SouthBank’s financial services to the countryside, empowering the rural bank with the technology to offer digital financial solutions to its customers and clients.

With the partnership, SouthBank is able to beef up its native mobile application called SBPay, a platform that equips users with financial tools that they can use via their mobile phones.

“Our partnership with UBX allows us to strengthen our active pursuit of digital banking initiatives to provide our clients with a better banking experience. This strategic alliance with UBX, the country’s leader in open finance, supports the Bangko Sentral ng Pilipinas’ push for the digital transformation of rural banks and promotes greater financial inclusion,” SouthBank President and CEO Sonny Mendoza said.

SouthBank is a rural bank in Mindanao that extends rural credit to small farmers and tenants, as well as to various rural industries and enterprises.

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“There is no greater honor than to be alongside SouthBank as it embraces technology to improve the banking experience of its clients and partners. Financial inclusion and economic success remain at the core of everything we do in UBX, and powering SBPay will definitely help us achieve these goals,” UBX Chief Product Officer Anne Yosuico said.

To learn more about UBX, visit www.ubx.ph.


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