TMCnet News
UNOAsia partners with HPS for its launch in the PhilippinesSINGAPORE, Dec. 7, 2021 /PRNewswire/ -- HPS, the leading global provider of payment solutions, today announced that UNObank, South East Asia's first full-spectrum digital bank, has selected HPS' PowerCARD solution for its card issuing activities in Asia. The news follows the announcement that Singapore headquartered fintech UNOAsia, one of the primary incorporators of UNObank, has received approval by the Bangko Sentral Ng Pilipinas (BSP) to operate a digital bank in the Philippines. HPS will roll out its PowerCARD solution for UNObank as a service fully integrated in a robust digital technology ecosystem and hosted on Amazon Web Services. In today's crowded payments market, established card issuers and new digital banks require flexible, APIs driven and robust solutions that enable them to design unique user's experiences in a digital ecosystem and scale in a fast, seamless and secure manner.>
Manish Bhai CEO of UNOAsia said: "We have selected HPS' PowerCARD solution because of their deep understanding of the challenges new market entrants are facing and their advanced, cloud-based technology. We are confident that HPS will help us achieve our goal of offering the Filipino public one app for all their financial needs, from savings to payments and investing." About HPS For more information: www.hps-worldwide.com About UNObank UNObank looks to create a full-spectrum credit-led digital bank in Southeast and South Asia. With the Philippines being its first market to launch, the bank is looking to "bridge the gap" in the country's financial inclusion story by offering products that allow Filipinos to save, borrow, transact, invest, and protect their finances optimally, and with speed and ease through one trusted interface.
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