UnionBank's digital banking subsidiary for the underserved
UnionDigital Bank is the BSP-licensed digital banking subsidiary of UnionBank of the Philippines, the only digital bank in the country established by a universal bank. Granted a digital banking licence in July 2021 and authority to operate in July 2022, it serves underbanked Filipinos through a mobile app offering high-yield savings and time deposits, plus instant UD Cash Loans (up to PHP 30,000, no collateral), QRPh transfers and bill payments. Deposits are PDIC-insured up to PHP 1M.
Total raised
₱6.1B
Sum of recorded funding rounds
Stage
Private
Parent organisation: UnionBank of the Philippines
Figures are calculated from the funding rounds recorded for this company.
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