A gift that grows a lifetime: Teach your kids financial freedom this Christmas

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CHRISTMAS is a season for giving, and every parent wants to make it magical for their kids. This year, instead of gifting them with toys or gadgets that could bring momentary joy, why not give them something that will last a lifetime?

Teach your kids financial freedom this Christmas - - - Christine Caberte 

Safer than a piggy bank

For Christine Caberte, nothing makes a mother prouder than seeing her kid disciplined with money, even at a young age. Christine just opened a bank account for her six-year-old son.

"I've seen my son save money in his piggy bank for some time, but I wanted something more secure. That's why I decided to open a BDO Junior Savers account for him," Christine explains. "With a bank, I know his money is intact and safe, unlike an alkansya that can be opened anytime."

Securing her son’s future. Christine Caberte knows the importance of establishing a foundation for financial independence for her son by opening a BDO Junior Savers account for him during the BDO Fiesta in Bacolod.

Christine, a former overseas Filipino planning to return to work abroad, feels peace of mind knowing that when she starts sending remittances to her son's account, his savings will grow securely.

"It’s comforting to know he now has a bank account that’s his alone,” she shares. “I can send money for his daily expenses and savings separately. His Junior Savers account is safe, nobody can touch it; it’s his to grow."

Starting 'em young

Parents like Christine can easily open a Junior Savers account at any nearby branch, starting from their child's birth. As the deposit reaches P2,000, it will earn interest and Rewards Peso Points.

It comes with a Special Design Passbook as an additional means to monitor a child’s savings. When the kid turns seven, he or she will receive a Junior Savers Debit card.

This Christmas, secure your children’s future by opening a BDO Junior Savers account. It's more than a bank account; it's a foundation for teaching them financial independence and responsibility.

With an initial deposit of only P100, Junior Savers helps kids develop a habit of saving and teaches them to handle their own money at a young age. It is affordable and ideal for most families who want to nurture sound financial habits.

Imagine your kids saving the aguinaldo they will receive this Christmas. Instead of spending money on new toys or gadgets, they can deposit it into their Junior Savers account. As they watch their savings grow, they will learn that achieving their life goals starts with discipline, patience, and a commitment to saving.

BDO Foundation rehabilitates several RHUs in Bohol province to cap 2024

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In line with its advocacy to enable rural health units (RHUs) across the country to deliver better primary health care services, BDO Foundation turned over five rehabilitated health centers in Bohol for the benefit of more than 100,000 Boholanos.

The newly renovated RHUs are Candijay Primary Care Facility, Dimiao Primary Care Facility, Mabini Primary Care Facility, Cortes Primary Care Facility and Duero Rural Health Unit. Supported by local government leaders and municipal health officers, the foundation renovated the health centers’ interiors and exteriors, ensuring that the spaces are conducive for healing and comfortable for both health workers and patients.

Rural health unit rehabilitation. Newly rehabilitated RHUs feature patient-centric interiors and exteriors to help health workers deliver better services to the community.

“We hope that this humble contribution of BDO Foundation to the communities will help the local government units (LGUs) and health workers improve their capability in delivering basic health services to their constituents,” shared BDO Foundation president Mario Deriquito.

BDO Foundation continues to fulfill its advocacy to rehabilitate RHUs to help strengthen the primary healthcare delivery system at the grassroots level. Since the start of the program in 2012, the foundation has supported the capacity of various LGUs in making primary healthcare more accessible to communities.

In his message to the community at the turn over of their newly rehabilitated health center, Dimiao municipal health officer Dr. Lloyd Lyle Ravidas said, “We are grateful to BDO, BDO Network Bank and BDO Foundation for the help that they’ve given to our community. You have not just given us a beautiful building, but also a dignified health facility to better serve the people.”

BDO Foundation has renovated 23 RHUs in Bohol alone. Overall, the organization has rehabilitated 187 health centers nationwide.

EastWest Honored as Best Wealth Manager in the Philippines at The Asset Triple A Private Capital Awards 2024

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EastWest has been recognized as the Best Wealth Manager in the Philippines by The Asset Triple A Private Capital Awards 2024. This internationally recognized and highly prestigious award further highlights EastWest’s focus on providing exceptional wealth management services and its continuing efforts to innovate and enhance its offerings in the rapidly evolving financial landscape.

From L to R: Richie Tamayo, SVP and Head, Wealth Management; Rafael S. Algarra Jr., SEVP and Head, Financial Markets and Wealth Management; Daniel Yu, Editor-In-Chief of the Asset; Raul Victor De Guzman, FVP and Trust Officer; and Bayani Cruz, Executive Editor of the Asset

EastWest Priority: A Segment Focused on Elevating Affluent Clients

EastWest’s dedication to serving affluent clients is especially evident through its EastWest Priority segment. This segment, which has seen a 20% increase in AUM and a 17% growth in client count, offers a suite of bespoke services designed to meet the unique needs of high-net-worth individuals. The bank’s competitive edge lies in its ability to combine traditional, high-touch banking with cutting-edge digital solutions.

“Our affluent banking services are unmatched in the market,” said Jerry G. Ngo, CEO of EastWest. “From economic briefings with top economists to personalized investment advice, we ensure that our clients receive the best possible service, tailored to their specific financial goals.”

Going Further for You

“Ultimately, this award is a symbol of EastWest’s promise of excellence in wealth management and our dedication to going ‘Further for You.’ As we celebrate our 30th anniversary, this recognition reinforces the strength of our ‘East meets West’ philosophy—blending the best of both worlds to deliver innovative, customer-centric solutions that truly meet the needs of our affluent clients. We remain committed to pushing boundaries, embracing new challenges, and ensuring that our clients always receive the exceptional service they deserve as we continue our journey of growth and transformation into the next 30 years,” Rafael S. Algarra Jr., SEVP and Head of Financial Markets and Wealth Management concluded.

The Asset launched the Triple A Private Capital Awards for Private Banks, Wealth & Investment Bank Advisers, Solutions and Index Providers mainly to shine the spotlight and showcase the change agents among high net worth individuals and the private banks, wealth managers, bank solution advisers and index providers that partner with them. These awards cover the Asia-Pacific markets, including Japan and Australia.

For more information on EastWest’s wealth management services and digital initiatives, you may visit https://priority.eastwestbanker.com.

EastWest celebrates DepEd’s National Teacher’s Day

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EastWest Rural Bank and EastWest Unibank sponsored the National Teachers’ Day event hosted by the Department of Education (DepEd) as part of the 2024 National Teachers' Month (NTM) celebration. 

The event took place at the Smart Araneta Coliseum in Quezon City last Thursday, October 3. The event is the culmination of the DepEd’s month-long campaign to honor the contributions of educators across the nation. With around 10,000 teachers and educational stakeholders in attendance, the day featured a variety of activities, including Zumba, heartfelt tributes to teachers, raffle prizes, and lively entertainment.

Members of DepEd were on stage during the 2024 National Teachers’ Day celebration, honoring the dedication and impact of educators across the nation.

A special highlight of the day was the surprise visit and performance by Donny Pangilinan, ambassador of EastWest’s newest digital banking platform EasyWay. Donny’s commitment to financial literacy, which aligns with his personal values, made his tribute even more meaningful.

Donny Pangilinan, EastWest’s EasyWay ambassador, surprises and delights the audience with a special performance during National Teachers’ Day, paying tribute to educators and promoting his advocacy for financial literacy and education. His presence made the celebration even more memorable for the 10,000 teachers in attendance.

As part of EastWest Rural Bank’s commitment to supporting educators, one of its core products is the Teachers’ Loans, which offer special rates and flexible financing options designed specifically for educators. This product aims to support teachers in achieving their personal and professional goals, whether it’s for personal expenses, or further development. It highlights EastWest Rural Bank’s dedication to empowering those who shape the future.

“We at EastWest Rural Bank are proud to support this year's ‘Together4Teachers’ theme, which resonates deeply with our commitment to uplifting our unsung heroes in education. Through Appreciation, Admiration, Approval, and Attention, we join the Department of Education to ensure that our teachers receive the recognition and support they deserve. Their dedication shapes the future, and it’s an honor to be part of a celebration that values their incredible contributions to our society,” said Sheila S. Marasigan- Bajado, EastWest Rural Bank President.

Beyond Gold: Carlos Yulo Joins EastWest as Newest Brand Ambassador

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EastWest, one of the country’s most consumer-focused and fastest growing universal banks, proudly introduced elite gymnast and two-time Olympic gold medalist Carlos Yulo as its newest brand ambassador during an exclusive launch event held in Makati. The event celebrated Carlos Yulo’s historic athletic achievements and his inspiring financial journey as an EastWest client, making him the perfect embodiment of the Bank’s mission of nurturing dreams by championing sensible financial management for over thirty years.

EastWest’s newest ambassador, world-class Olympic champion gymnast Carlos Yulo (center), joins EastWest executives and media partners at the 'Beyond Gold' launch event. In addition to celebrating Yulo’s remarkable achievements, the event emphasizes the Bank’s dedication to delivering exceptional financial services that empower Yulo and its customers to reach their dreams.

With his exceptional rise in the field, Yulo has made a significant mark on the global stage, representing the Philippines worldwide. His dedication to his art and commitment to excellence align perfectly with EastWest’s values of pushing boundaries and striving for greatness. Just as Carlos Yulo excels as a world-class athlete, EastWest offers world-class services, always going further to empower Filipinos with the financial tools and guidance they need to achieve their dreams.

Yulo shared, “Itong partnership really started before ko po nakuha ang gold medals ko sa Olympics. Talagang tinulungan ako ng EastWest from the start na maayos yung financial goals ko. Madami akong natutunan sa kanila, nag simula lang ako ng simpleng deposit ngayon meron na akong mga investments na nakatulong talaga sa plans ko. Pareho kami ng mindset ng EastWest, always pushing ourselves to improve. Kaya this partnership comes in so natural sa kin, pareho kaming may relentless drive na magtuloy tuloy hanggang makamit namin ang dreams namin.”

A Partnership Built on Shared Values

(L-R) Jerry Ngo, CEO; Mia Tamayo, Head of Credit Cards Business; Ivy Uy, Head of Branch Banking Group; Lawrence Lee, Head of Consumer Lending; Carlos Yulo, EastWest Brand Ambassador; Isabelle Gotianun-Yap, Chief Strategy & Transformation Officer; Jacqueline Fernandez, President; Cristina Que Orbeta, Independent Director; and Martin Reyes, Head of Marketing and Cash Management, proudly take the stage during the 'Beyond Gold' event, celebrating the official introduction of Carlos Yulo as EastWest’s newest ambassador and reinforcing the bank’s focus on supporting its clients, championing excellence and promoting financial empowerment.

The event highlighted the distinct connection between Yulo and EastWest. From simply being a customer, he is now the face of the brand. His discipline, perseverance, and focus on the mastery of his craft, evidenced by his rigorous training, is mirrored by the Bank — persistently supporting clients’ financial journeys to ensure that they can confidently pursue their own goals.

EastWest SEVP and Head of Financial Markets and Wealth Management, Rafael S. Algarra Jr., expressed the significance of the partnership, stating, “Carlos Yulo represents the dedication and passion that EastWest stands for. His journey from having raw potential to being a world champion reflects the same path we aim to provide for our clients—guiding them toward financial success, whether through our Priority services, consumer loans, or investment management. We believe this partnership exemplifies our service commitment—always pushing further for our clients so they can achieve their goals.”

(L-R) Jerry Ngo, CEO; Carlos Yulo, EastWest Brand Ambassador; Jacqueline Fernandez, President; and Martin Reyes, Head of Marketing and Cash Management, share the spotlight at the 'Beyond Gold' event. 

Carlos Yulo's Inspiring Financial Journey

Yulo’s partnership with the Bank also highlights his personal journey of financial growth and empowerment. He started with basic banking products to save and pay for expenses while training and competing. As his financial capacity grew, he relied on the help of a dedicated EastWest Priority Relationship Manager to give him financial advice. With guidance, Yulo transitioned into investments, ensuring that his earnings were wisely managed, while he focused on training. Yulo shared, 

Carlos Yulo shares his excitement after his grand entrance as EastWest Bank’s newest brand ambassador, discussing his personal journey and how the values of excellence and dedication he upholds in gymnastics perfectly align with EastWest’s commitment to supporting Filipinos in achieving their financial dreams.

“Si EastWest po talaga has been so helpful in my journey—not just as an athlete, but also in managing my finances. Tinulungan po nila ako maging smart sa financial decisions ko and magkaroon ng solid financial plan and dahil dito, naka focus ako sa training and competitions ko. Nung nagsimula akong kumita, hindi ko talaga alam kung paano i-manage ng maayos ang pera ko. I had deposit accounts and a credit card with EastWest. Pero na-realize ko na kailangan ko ng mas malalim na understanding para mapalago yung pinaghirapan ko. Buti na lang, EastWest Priority assigned me a relationship manager who really guided me. Siya ang nagturo sa akin about investments and how I can grow my savings para I’m financially prepared.”

EastWest: Celebrating 30 Years of Financial Excellence

As EastWest celebrates its 30th anniversary, their partnership with the Olympian marks another milestone. For three decades, EastWest has consistently provided its clients with personalized services that guide them through every stage of their financial journey, and clients like Yulo are proof of their commitment. While embracing innovation and adapting to the evolving needs of their clients, EastWest ensures that they never lose the human touch, balancing cutting-edge solutions with the warmth and care that have always defined their approach.

EastWest CEO Jerry Ngo delivers his welcoming remarks, emphasizing the bank’s focus on excellence and its partnership with Carlos Yulo as they embark on a journey to empower Filipinos in achieving their financial goals.

EastWest CEO Jerry Ngo shares, "Carlos Yulo embodies resilience, focus, and the pursuit of excellence—values EastWest has upheld for the last 30 years. As we continue to innovate and grow, we proudly welcome Carlos as a partner who not only stands for athletic success but also a commitment to smart financial growth. Together, we aim to inspire Filipinos to push their boundaries and achieve their financial dreams with EastWest by their side."

(L-R) Jerry Ngo, CEO; Carlos Yulo, EastWest Brand Ambassador; Jacqueline Fernandez, President; and Martin Reyes, Head of Marketing and Cash Management, make the partnership official with their ceremonial signing at the 'Beyond Gold' event.

Carlos Yulo engages with the audience during the Q&A portion onstage, candidly sharing his thoughts on financial literacy, his partnership with EastWest, and how he balances his career in gymnastics with managing his finances.

EastWest, alongside esteemed guests and media partners, proudly introduces Carlos Yulo as their newest brand ambassador, marking the start of an inspiring journey towards financial empowerment and excellence with a human touch.

Martin Reyes, EastWest Head of Marketing and Cash Management, shares, “Carlos’s story is one of hard work, perseverance, and excellence. Like EastWest Bank, he is always striving to go further and reach new heights. We are proud to have him represent the same drive and passion we bring to supporting Filipinos in achieving their dreams.”

 

Simplifying success: PSBank celebrates 64 years of excellence by helping Filipinos realize their financial goals

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Philippine Savings Bank (PSBank) marks its 64th anniversary with a continued commitment to delivering simple, reliable, and innovative banking services that help Filipinos achieve their financial goals, from growing their hard-earned money, to homeownership, vehicle financing, and more.

A Legacy of Financial Growth

PSBank’s sustained financial growth is fueled by strong loan demand and a customer-focused approach. In 2023, the bank achieved a record-high net income of PhP 4.53 billion, a 23% increase from the previous year. The first half of 2024 saw continued success, with net income reaching PhP 2.56 billion.[1] PSBank stands as the leading thrift bank in the Philippines in terms of total assets as of end-March 2024[2], further cementing its strong position in the consumer banking sector and maintaining leadership in the auto loan market among local thrift banks[3].

Simple Lang, Maaasahan: Simple and Fast Loan Approval Process

PSBank has been making strides in simplifying the loan application process, offering quick and easy approvals to customers looking to invest in homes and vehicles. PSBank aims to help Filipinos move forward with their financial goals without delay.

The Bank’s total gross loan portfolio registered a 10% growth or PhP 132 billion by the end of June 2024 versus last year's PhP 120 billion, with auto loan as its driver for growth. With its commitment to making loan approvals fast and easy, PSBank ensures that Filipinos can access their financial needs with minimal hassle. It also has a wide variety of home loan accredited developers and auto loan partners that aspiring homeowners and car buyers can choose from.

Simplified Banking Experience Through Innovation

Throughout its 64-year history, PSBank has consistently embraced innovation to meet the evolving needs of its customers. With the commitment to being always forward, over the years the Bank introduces products and services to make Filipinos banking transactions more straightforward and seamless.

PSBank Mobile app enables customers to manage accounts and make transactions anytime, anywhere. Its online account opening only requires one valid ID, a selfie, and a few taps on the app, one can open a Peso Savings account. Mobile Time Deposit placement, meanwhile, allows opening a time deposit via the app for a minimum placement of PhP10,000 and it can earn within 30, 60, or 90 days. No need to take a bank errand when depositing checks to have it cleared. Simply take a photo using PSBank Mobile and the check will automatically be deposited (for clients with at least PhP50,000 average balance).

Apart from the Bank’s mobile app bills payment service, in 2023, PSBank allowed payments via quick response (QR) code for billings issued by participating merchants using QR Ph, the country’s QR code standard. This enhancement not only leads to better and more effortless customer and merchant experiences, but also to greater usage of digital payments aligned with the BSP’s push for a cashless society.

The Bank’s ongoing digital transformation also includes cutting-edge services like cardless withdrawal wherein PSBank ATM cardholders can withdraw at any PSBank ATMs even without their cards; Queue Anywhere service allows clients to create a queue ticket for their bank transaction online to skip the wait time at lining up during their branch visit. For those traveling to the North or South of Luzon, one can load Autosweep and Easytrip Toll RFIDs real-time with PSBank’s Toll RFID reload feature.

In continuously stepping up its efforts to assure clients that there are systems in place in securing their accounts, clients can lock access to their accounts on platforms they don’t usually use, ensuring that access to their PSBank accounts is restricted to their preferred and regularly utilized channels. They also have the option to lock or unlock their ATM card, an extra layer of security against unauthorized transactions.

PSBank is always forward to simplifying every Filipino’s banking experience and to push it further, PSBank launched the "Ito Simple" campaign, reinforcing its commitment to simplicity and reliability. This campaign depicts the rawness of the daily routine and usual life struggles of most Filipinos--there may be the hard way of doing things, but there is also the PSBank way– providing accessible and straightforward financial solutions that meet their everyday needs.

For more information on PSBank’s products and services, visit psbank.com.ph or follow PSBank on Facebook, Instagram, and TikTok.

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[1] Philippine Savings Bank, PSBank hit record PhP2.56B Net Income in 1H2024, up 18%. https://www.psbank.com.ph/whats-new/

[2] Bangko Sentral ng Pilipinas, Thrift Bank Total Assets as of 31 March 2024. https://www.bsp.gov.ph/Statistics/Financial%20Statements/Thrift/assets.aspx

[3] Philippine Savings Bank, 2023 Annual Report, p. 3 https://www.psbank.com.ph/media/7891/2023-psbank-annual-report.pdf

BSP partners with GoTyme Bank to become the first bank to support Coin Deposit Machines

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GoTyme Bank partners with the Bangko Sentral ng Pilipinas (BSP) to allow customers to deposit their coins and turn them into high-interest savings. Now integrated into the BSP’s Coin Deposit Machines (CoDMs), GoTyme Bank offers an additional deposit option for users. If you, like many Filipinos, tend to collect loose change this is your chance to convert these coins in a straightforward and hassle-free manner.

Simply visit a CoDM located at a mall near you. Here, you’ll see instructions on how to deposit your coins in your GoTyme account through the machine. Next, simply follow the same Deposit-Withdrawal procedure on your GoTyme Bank app. This will generate a secure barcode for you to scan to credit the deposit to your account. Should the barcode fail to scan, you can enter the code manually.

Turning Idle Coins Into Interest-Earning Deposits

The BSP launched the CoDM project on June 20, 2023 to address the artificial coin shortage in certain parts of the country. But apart from promoting coin recirculation, it was also a public service that allowed customers to exchange coins sitting idly at home into e-wallet credits, shopping vouchers, and now, bank deposits. It’s especially useful for individuals who do not like carrying coins or those who don’t have time to go to the bank to convert.

As the first bank partner to be integrated into CoDMs, GoTyme Bank offers the unique advantage of being able to convert coins into direct deposits that will earn 4% annual interest—60x more than the average payroll account and certainly more than if they were sitting in piggybank at home. Plus, instead of requiring your phone number, it generates a unique barcode for added privacy and security.

Robinsons Retail President and CEO Robina Gokongwei has been a huge supporter of the BSP’s CoDM initiative, citing how they support economic activity and restore balance in our monetary systems. These machines can be found at select Robinsons Supermarkets nationwide.

Visit a CoDM near you or check out your GoTyme Bank app to learn more.

BDO and SM elevate the shopping experience for OF families w/ Kabayan Tuesday

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Papa P at SM City Caloocan for Kabayan Tuesday. Award-winning actor and BDO Remit brand ambassador Piolo Pascual mingles with overseas Filipino families during the formal launch of Kabayan Tuesday at SM City Caloocan last June 4.

For countless overseas Filipino families, SM is more than just a mall—it's a hub for shopping, bonding, and essential errands. Recognizing this, BDO Unibank has teamed up with SM to enhance these experiences through the innovative Kabayan Tuesday initiative.

“For the last 20 years, BDO and SM have been collaborating to teach overseas Filipinos and their families about saving and financial management through lively financial literacy seminars, complete with celebrities, games, and freebies at various SM malls," said Genie T. Gloria, BDO Senior Vice President and Head of Remittance. “Starting in 2024, we wanted to make their essential shopping even more rewarding by leveraging their Kabayan Savings. With Kabayan Tuesday, their trips to SM can now be not just fulfilling but also economical.”

Kabayan Tuesday: Exclusive savings and perks

Available every first Tuesday of the month, Kabayan Tuesday is BDO’s special way of thanking overseas Filipino families for their loyalty. By presenting their Kabayan Savings ATM card, passbook, or BDO remittance payment slip at any SM branch nationwide, customers can enjoy up to a 10% discount at popular SM stores including The SM Store, SM Appliance, Watsons, Miniso, Toy Kingdom, Surplus, Baby Company, Sports Central, ACE Hardware, SM Cinema, SM Game Park, SM Bowling, and SM Skating.

This exciting promo, which began on January 2, was officially celebrated on June 4 at the newly opened SM City Caloocan with a vibrant Kabayan Tuesday Mall Show featuring BDO Remit brand ambassador Piolo Pascual.

SM City Caloocan opened its doors to the public on May 17, offering a fresh destination for families. “With the opening of SM Caloocan, we saw an opportunity to hold our Kabayan Tuesday event here, knowing it’s a favored spot for overseas Filipinos and their families,” said Gloria.

The collaboration with SM has significantly boosted the number of Kabayan Savings account holders, and there's more to come. “We are continually adding more partners to provide discounts,” Gloria added.

More than just shopping discounts

Jonjon San Agustin, Senior Vice President for Marketing of SM Supermalls, emphasized the broader benefits. “Kabayan Tuesday is just one of the many rewarding experiences at SM. Customers can also take advantage of other promotions and additional discounts across departments.”

Even those without a Kabayan Savings account can enjoy Kabayan Tuesday discounts through Cash Pick-up of remittances at BDO Remit counters inside SM Stores, SM Supermarket, and Save More. “Claim your remittance, present the slip at the cashier, and enjoy the discounts,” explained Gloria.

Building a secure financial future

Gloria also highlighted the long-term benefits of having a Kabayan Savings account. “Regular use of a Kabayan account for remittances builds a solid banking record, which is beneficial for future loan or credit card applications. A good relationship with a formal financial institution like BDO is invaluable.”

Bank savings are also safer, being regulated by the Bangko Sentral and insured by the Philippine Deposit Insurance Corp. “Saving in banks means overseas Filipinos’ hard-earned money is more secure,” Gloria stressed. “That’s why they trust banks more.”

With Kabayan Tuesday, BDO and SM are not just offering discounts—they’re providing overseas Filipino families with more value, security, and a reason to celebrate each month.

Digido wins 11 awards, including two ‘Best’ accolades from Global Banking & Finance Review

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Digido, multi-awarded consumer finance company has ended the first three months of the year with 11 award recognitions from four esteemed global finance and business publications.

The digital lending service was named by the Global Banking & Finance Awards® as the Philippines’ “Best New Online Lending Services” for the second year in a row, as well as the country’s “Best New Fintech Company”.

Digido bagged a trio of wins from the World Economic Magazine Awards, winning in the “Best Customer Service Company For Finance Philippines 2024”, “Best Personal Loans Provider Philippines 2024” and “Best New Online Lending Services Philippines 2024” categories.

The Global Financial Market Review named the platform the “Best Digital Lending App in the Philippines” while the Gazet International Awards recognized Digido in five categories: “Best Digital Lending Firm Philippines 2024”, “Most Customer-Friendly Financial Solutions Philippines 2024”, “Most Innovative Digital Lending App Philippines 2024”, “Best Digital Loan App Philippines 2024”, and “Best Digital Lending Platform Philippines 2024”.

Earlier, Digido announced that it has served over one million Filipinos through its safe, reliable and inclusive digital lending services.

Commenting on the 11 awards, Digido business development manager Rose Arreco said: “We recognize the unprecedented nature of this series of recognitions from these prestigious finance and business publications and feel incredibly humbled. We at Digido have been striving to ensure we remain a trusted financial partner for the Philippines’ underserved, and these awards are stark reminders to do so with the consumer at the forefront.”

An earlier commissioned survey by Digido revealed that personal loans were the most popular formal credit option, with 54% of respondents having one in 2023 due to its flexibility and variety of use.

Digido offers a First Loan For Free service, where first-time borrowers can avail up to PHP 4,000 with 0% interest and a standard Personal Loan up to PHP 25,000 for repeat clients. It can be accessed through its official site digido.ph, its apps in Google Play and the iOS App Store, and Lazada Loans.

Road trip this long weekend? Here are some tips to keep it hassle-free

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With the long weekend coming up, many Filipinos are gearing up for a well-deserved break. Road trips are a popular choice during this time, especially to beach destinations as summer approaches.

Here are some tips to ensure your road trip is smooth sailing:

1. Plan your route.

Long weekends may involve road closures, maintenance, or construction, so it’s best to check the news for updates. Navigation apps will prove helpful during this time. The holiday rush may also affect traffic, so beat other travelers by leaving earlier, if possible.

 

2. Check your car.

A vehicle in top condition will be your best friend during a long journey. Ensure your tires are aligned and balanced, car fluids and battery are secure, and lights and turn signals work. Inspect your car before the trip to ensure everyone’s safety.

 

3. Pack essentials.

Long drives call for ample snacks to keep hunger at bay and a steady water supply to prevent dehydration. Bring essential medications and a first aid kit for any untoward incidents.

 

4. Go cashless.

Long lines at ATMs during holidays are inevitable. Embrace hassle-free travel by going cashless. Opt to pay through bank transfers, QR codes and the like.

5. Use Easytrip and Autosweep RFIDs.

Streamline your tollway transactions with RFID payments. By eliminating the need for cash transactions, drivers can breeze through tollways, avoiding long lines and unnecessary delays.

For a stress-free road trip this long weekend, effortlessly set up a PSBank account by simply downloading their mobile app. Enjoy cashless transactions through QR codes, and instantly reload your Easytrip and Autosweep RFIDs with PSBank.

For more information on PSBank’s products and services, visit psbank.com.ph or facebook.com/psbankofficial.

Home Credit Philippines signs additional 7B Loan Credit Facility with BPI

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Home Credit Philippines (HCPH) recently signed an agreement for an additional P7 billion loan facility with Ayala-led Bank of the Philippine Islands (BPI), making BPI the company’s biggest creditor with a total of P13.5 billion combined credit line facilities. 

(From left) BPI executives: John-C Syquia, Institutional Banking Head, and TG Limcaoco, President and CEO; Home Credit executives: Zdenek Jankovsky, Treasury and Funding Director, and Patrick Peter Santos, Head of Funding

This is the third loan credit facility extended by BPI to HCPH, following a P1 billion facility in December 2022, P4 billion in August 2023, and an additional P1.5 billion in November 2023 from Robinsons Bank Corporation; following its recent merger with BPI.

Home Credit is the largest consumer finance company in the Philippines. As of end-2023, it has served 10.4 million customers all over the country through a selection of affordable and accessible financing products.

“We at BPI are committed to accelerating our efforts to elevate financial inclusion in the Philippines. We are glad to support Home Credit by providing tailored solutions to enable their financial inclusion initiatives to thrive and at the same time, improving the quality of life for Filipinos, enabling them to do more. This forms part of our vision to help build a better Philippines—one family, one community at a time,” said BPI President and CEO TG Limcaoco.

“This additional loan credit facility to Home Credit, extended by no less than BPI, the first bank in the Philippines and the Southeast Asian Region, is a strong testament to the strong performance and stability of Home Credit’s business in the country as a leading consumer finance company,” Zdenek Jankovsky, HCPH director and treasurer, said.

Home Credit Philippines was issued a double-A Issuer Credit Rating with stable outlook by PhilRatings (Philippine Rating Services Corporation), a pioneer domestic credit rating agency, in 2023 based on its overall creditworthiness and ability to meet all its financial commitments and sustain its growth in its market.  

“This local loan credit facility will enable us to better serve our 10-million strong customer base, allowing us to expand access to credit opportunities for more Filipinos,” Jankovsky added. 

Also in witness of the signing event were BPI officers and executives (from left): Micah Clemente, Relationship Manager; Barbara Untalan, Head of Top Corporates-MNCs and Sectors; Maria Teresa Anna Lim, Head of MNCs and Sectors and; and Grace Saulog, Head of Financial Institutions and Correspondent Banking; with Henry Segovia, Home Credit Funding and Business Development Manager.

Home Credit Philippines has been at the forefront of broadening financial inclusion in the Philippines for more than a decade since it opened its doors in the country in 2013. It has continuously provided innovative credit opportunities for Filipinos especially to women, young people, and those earning less than 20,000 a month.

HC Consumer Finance Philippines Inc., HCPH’s corporate entity, was acquired by Thailand’s Krungsri (Bank of Ayudhya PCL) and Japan’s MUFG (Mitsubishi UFJ Financial Group, Inc.) in June 2023.  

To know more about the latest updates from Home Credit Philippines, visit its official website, www.homecredit.ph. You may also follow its official Facebook, Instagram, and TikTok accounts. Customers are also encouraged to download the My Home Credit App on Google Play to learn more about the latest promos and see what’s new in the Marketplace.

Home Credit Philippines is a financing company duly licensed and supervised by the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP).

Smart partners with UnionBank to reward subscribers with up to P5,000 Welcome Gift

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Smart subscribers have one more reason to celebrate the new year as mobile services provider Smart Communications, Inc. (Smart) has teamed up with Union Bank of the Philippines (UnionBank) to bring more exclusive rewards to subscribers with their new UnionBank Credit Card.

Under this exciting partnership, qualified Smart Prepaid subscribers will receive a P2,000 Welcome Gift with their new UnionBank Rewards Credit Card, while qualified Smart Postpaid and Smart Infinity subscribers will receive a P5,000 Welcome Gift with their new UnionBank Rewards, UnionBank Miles+, or UnionBank Reserve Credit Card.

Eligible subscribers can make the most of this exclusive Welcome Gift as they shop at their favorite stores or their go-to online shopping apps and e-commerce platforms. Smart subscribers can learn more about the perfect UnionBank Credit Card that suits their lifestyle at https://smart.com.ph/Pages/ubwelcomegift/.

How to redeem your exclusive Welcome Gift from Smart and UnionBank

Smart Prepaid subscribers with a new UnionBank Rewards Credit Card may receive their P2,000 Welcome Gift by linking their UnionBank Rewards Credit Card to GigaPay on the Smart App, and then purchasing PowerAll 99 on the Smart App.

On the other hand, Smart Postpaid subscribers with a new UnionBank Rewards Credit Card may receive their P5,000 Welcome Gift by simply enrolling their Smart Postpaid account to the Auto Bills Payment on UnionBank’s website.

Aside from this exclusive Welcome Gift, UnionBank Rewards cardholders may also enjoy No Annual Fees Forever with an accumulated spend worth P20,000 within 60 days of card approval.

UnionBank Miles+ and UnionBank Reserve for Smart Infinity members

Meanwhile, Smart Infinity members on Plan 3500 may get their P5,000 Welcome Gift with their new UnionBank Miles+ Credit Card by simply enrolling their Smart Infinity account to the Auto Bills Payment on UnionBank’s website. UnionBank Miles+ Credit Card also gives users a chance to redeem a Welcome Gift of 30,000 never-expiring miles with an accumulated spend of P40,000 within 60 days of card approval.

In addition, Smart Infinity members on Plan 5000 and Plan 8000 may also receive their P5,000 Welcome Gift with their new UnionBank Reserve Credit Card by simply enrolling their Smart Infinity account to the Auto Bills Payment on UnionBank’s website. Application to UnionBank Reserve Credit Card is by invite only and Plan 5000 and Plan 8000 members are automatically eligible to apply.

On top of this Welcome Gift, UnionBank Reserve cardholders may also redeem as much as P18,000 worth of eGift from Giftaway merchants with an accumulated spend of P40,000 within 60 days of card approval.

This exclusive promo will run until February 29, 2024.

Smart’s collaboration with UnionBank is part of its thrust to bring exclusive rewards and epic lifestyle treats to the fingertips of subscribers on top of empowering them with the best mobile network experience possible. Learn more about the latest treat from Smart and UnionBank at https://smart.com.ph/Pages/ubwelcomegift .

BPI AIA welcomes Neri Miranda as their Newest Brand Ambassador

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Celebrity mom and entrepreneur Neri Miranda joins BPI AIA as their newest brand ambassador. Known for her savvy business acumen and entrepreneurial pursuits, she represents the new breed of Filipinas who strive to work hard and constantly look for ways to provide more for their family.

Together with her husband and Parokya ni Edgar frontman, Chito Miranda, who is currently a BPI AIA ambassador himself, the couple continues to inspire many Filipinos because of their shared values, love for their family, and advocacy of spreading financial literacy and securing the future of Filipino families.

 

In a vlog published on the BPI AIA YouTube Channel and Facebook Page, Chito and Neri shared their story and journey of love, and how BPI AIA has been a part of their lives, especially in building their family and business.

 

“We are pleased to have Neri join us as our newest brand ambassador. Together with her husband, they both share the same principles, values, and vision of BPI AIA to help Filipinos live healthier, longer, and better lives,” said Karen Custodia, BPI AIA CEO. “As part of the AIA Philippines Group, we at BPI AIA continue to strengthen our commitment to empower individuals and growing families like theirs through our financial solutions fit for any life stage.”

 

The launch of the partnership is part of BPI AIA’s latest campaign, “Love is Better Said” which emphasizes that protecting your family’s future through financial security is a great way to express one’s love. BPI AIA encourages everyone to take the step towards a more secure future through proper financial planning.  In this way, we are able to show how much we love our families because love is better said with BPI AIA.

 

BPI AIA invites you to watch Neri and Chito’s trip down memory lane as they share their story of love together with BPI AIA. https://www.youtube.com/watch?v=BLRL0kE9-F4

 

Allianz PNB Life Philippines appoints Joseph Gross as new President and CEO

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Allianz PNB Life, one of the leading life insurance companies in the Philippines, recently announced the appointment of Joseph Gross as its new President and CEO. Gross brings over 20 years of experience in the insurance industry, having held various senior leadership positions within the Allianz Group.

Joseph Gross, President and CEO, Allianz PNB Life Philippines

Gross first joined Allianz in 2002 as Senior Vice President of Strategic Brand Management and Head of CoC Marketing Management in Munich, Germany. In 2010, he was promoted to the role of Executive Vice President – Head of Group Market Management, where he continued to strengthen local and global brand investments and strategic partnerships. This includes the partnership with Bayern Munich and Formula 1, and the recognition as the Number One insurance brand in the world by the Interbrand rankings. 

In addition, Gross was the global lead in the implementation of the True Customer Centricity strategy, a key performance metric used within the Allianz Group network. From 2016 to 2022, he served as CEO of Allianz Life Insurance Malaysia Bhd. Under his leadership, Allianz Malaysia reached the top 5 ranking in Allianz globally, with 60% revenue (GWP) growth, a massive increase in profitability, new business value, customer satisfaction, and employee engagement.

Gross joins Allianz PNB Life Philippines from his previous role in Germany as Head of Global Executive Strategy and Development, where he was responsible for identifying, placing, and developing the top management of the company.

“I am very excited to build on our accomplishments in the Philippines. Thanks to the leadership of my predecessor, Alex Grenz, and our management team, Allianz PNB Life has become one of the leading life insurance companies in the industry six years after our founding. I look forward to sharing my knowledge and experience in other markets to further strengthen our brand and enhance the experience of our customers, partners, and colleagues,” enthused Gross.

Allianz PNB Life is a joint venture between Allianz Group and PNB, established in 2016. It is now among the country’s leading life insurers and the #1 bancassurance partner, with a comprehensive portfolio of Variable Life products, complemented by a full line of Life protection offerings for individuals and institutions. All their products and services are designed to meet the lifetime financial planning, wealth accumulation, and well-being aspirations of every Filipino family.

"We at Allianz PNB Life are committed to our purpose of securing the lives of more Filipinos. To achieve this, we will consistently introduce new solutions and enhance the ease of doing business with us. Working together with our Life Changers and key partners such as PNB, our organization will strengthen our reputation for placing the customer at the center of everything we do,” assured Gross.

With the appointment of President and CEO Joseph Gross, Allianz PNB Life Philippines is well-positioned to continue its growth trajectory and deliver value to customers and stakeholders.

More information about AZPNB is available at allianzpnblife.ph or @allianzpnblifeofficial in Facebook.

Here’s why you should upgrade to the UnionBank SSS UMID Pay Card

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In case you missed it - Union Bank of the Philippines (UnionBank) has partnered up with the Social Security System (SSS) for the new UnionBank SSS UMID ATM Pay Card, which functions as both a government-issued ID card and ATM card linked to a UnionBank savings account.

Since the launch, many qualified SSS members have already upgraded to a UnionBank SSS UMID ATM Pay Card and are currently enjoying its perks and benefits.

“As soon as I saw the post from SSS [about the card] on Facebook, I tried to apply that same day,” Kenneth Sulmayor, a 32-year-old business owner, said. “I visited my My.SSS account, shared my consent, downloaded the UnionBank app and applied. After that, I received an email confirmation that my application was successful.”

“It’s very easy, since the instructions on how to get the Pay Card are clear on the app,” shared 38-year-old call center agent, Ryan Abouelo. “UnionBank’s app is also easy to navigate.”

SSS members can expect to receive their upgraded UMID cards faster. Sulmayor’s UnionBank SSS UMID ATM Pay Card was delivered to him more or less 15 banking days after he applied on the UnionBank app, while Abouelo says he received his within two weeks.

UnionBank also makes sure that the cards are delivered safely and securely. “[The courier] is quite strict, they won’t release the card if the owner isn’t there to receive it,” Sulmayor recounted. “Even then, they still asked me for an ID to verify. There was no hassle.”

There are also a variety of ways holders can use their UnionBank SSS UMID ATM Pay Card. One SSS member, a 23-year-old HR officer, shared her friend’s experience after choosing to upgrade. “[My friend] uses it right now to receive her SSS loan proceeds,” she said. “Back then, she experienced difficulties in connecting her bank account to receive her SSS loan. But since she has the UnionBank Pay Card now, the proceeds go straight to the connected [UnionBank savings] account.”

Sulmayor, on the other hand, has already tried using the card in his bank transactions. “It’s just like a typical bank account, the transaction process went well,” he said. “I was able to transfer my funds from my other bank account to this [UnionBank Pay Card account].”

These users, and many others like them, only have good things to say about their experiences with their new UnionBank SSS UMID ATM Pay Card, from the simple application process to the quick processing time and ease of use.

“There is so much you can do with it. You can view [your account balance] online, and it doubles as a savings account,” Abouelo noted. “I say grab [the opportunity to upgrade], it’s legit.”

“I’ve already recommended [the UnionBank Pay Card] to the people I know who are still waiting for the release of their UMID card,” Sulmayor shared. “This is the first time I’ve seen and experienced something like this, you have a valid ID, and at the same time, an ATM card and savings account. It’s quick, and easy, and you can receive customer care from both SSS and UnionBank. It’s a great opportunity.”

Interested? Right now, qualified SSS members may apply for or upgrade their card to the UnionBank SSS UMID Pay Card, which will be linked to a regular savings account with no required maintaining balance. Members will be able to receive their SSS benefits, loans, and refunds through here.

Members will also be able to use the UnionBank mobile banking platform to check their balance, withdraw cash, transfer funds, pay bills, or deposit cash through UnionBank’s branches, self-service machines, and BancNet automated teller machines nationwide.

Upgrading to the UnionBank SSS UMID ATM Pay Card is FREE, and members who fund their account with a minimum of Php 1,000 are entitled to a free Jollibee eGC worth Php 200 and a chance to win a brand-new Mitsubishi Xpander GLS, or one of three iPhone 14 128GB units. This promo is extended to April 30, 2023 - so don’t miss out!

To learn more about the UnionBank SSS UMID ATM Pay Card, visit https://www.unionbankph.com/sss-umid.