Unionbank, Grab partner for driver incentives

By Emmie V. Abadilla

Unionbank, through its neo banking platform, EON, collaborated with Grab Philippines to give EON Grab cards to all of the ride-hailing firms' driver-partners (Grab Peers).

Drivers will receive their incentives on the cards which they can use to withdraw from any ATM in the country or abroad and pay for their purchases at stores accepting Visa.

They can use the EON app to move money, pay bills, buy airtime load, prepaid credits for AutoSweep and Easy Trip RFID, among others.

To keep his money safe, a Grab Peer can lock his card using the EON app. When his card is locked, his account stays protected even if a thief tries to withdraw using a fake card.

He will get an SMS and email that a transaction was attempted while his card is locked, alerting him his card could be compromised. A Grab Peer can even set his withdrawal limit anytime, anywhere through the EON app. He can lower his daily ATM withdrawal limit to P2,000 on regular days or increase it up to P50,000 for unexpected expenses by selecting the change limit option.
“EON continues to be created by the e-gig community including online freelancers, online sellers and no, Grab Peers,” remarked EON Banking Group Head Paolo Baltao.

“We aim to provide financial services to the unbanked and underserved Filipinos so we will continue to revolutionize our products and services,” noted UnionBank President and CEO Edwin Bautista.
“We are excited to partner with a market leader in ride-hailing and logistics services and tech up their accredited drivers.”

Grab wants to empower the lives of 100 million micro-entrepreneurs and driver-partners, noted Grab Philippines Country Head Brian Cu.

Grab continues to build its network of partners with new services that support consumers’ needs beyond ride-hailing. With the launch of GrabFood and Grab-Assistant, the company is expanding livelihood opportunities to more driver-partners.