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Manila Bulletin devider Technews devider PDAX now the official crypto service partner of UnionBank's Digital Business Solutions Partner Referral Program

PDAX now the official crypto service partner of UnionBank's Digital Business Solutions Partner Referral Program

Published May 29, 2023 05:55 am

Philippine Digital Asset Exchange (PDAX), the Philippines' leading homegrown cryptocurrency exchange supervised by the Bangko Sentral ng Pilipinas, is now officially part of UnionBank Philippines (UBP)’s Digital Business Solutions Partner Referral Program as one of its accredited fintech partners for crypto services and digital solutions. This momentous partnership of PDAX with UBP allows the leading digital bank to recommend PDAX’s trusted crypto services and digital solutions to their esteemed business-to-business (B2B) clients, legitimizing PDAX even further to a wider market and increasing PDAX’s reach and penetration across various industries. This vote of confidence from UBP will not only help PDAX grow its client base in the Philippines, but also help PDAX understand the market better while the UBP team assists by endorsing PDAX’s solutions to customers they deem would benefit the most from PDAX’s crypto solutions. Through the Digital Business Solutions Referral Partnership Program, UBP customers will be able to gain exclusive access to a curated set of partner solutions that will augment the banking services they are getting from UBP, including PDAX’s crypto services. The program, which aims to “tech up industries through digital synergies and collaboration,” will allow UBP corporate account holders to seamlessly access crypto-based trading at globally competitive prices, top cryptocurrencies, remittance, cross border settlements, digital investments, payments, and other digital assets in real-time through the UBP app with security and liquidity. Representatives present during the Memorandum of Agreement (MOA) signing on Wednesday, April 26 at UnionBank’s Head Office in Ortigas Center, Pasig City were PDAX Chief Business Development Officer Kenneth Chua, PDAX Chief Executive Officer Nichel Gaba, UBP Senior Vice President and Corporate Banking Group Head Angelica Balangue, and UBP Assistant Vice President of the Fintech Business Group UnionBank Andrew Garcia. “We at PDAX are proud to have a partner such as UBP, one of the most innovative banks globally, as it supports innovations in the crypto and digital asset space,” Nichel Gaba, CEOF of PDAX, said in a statement. “The program accepts only the best possible partners who pass the high standards of the UBP Fintech Group. Through this vote of confidence, PDAX is thrilled to work with UBP for exciting times ahead. We’re looking forward to working hand in hand with UBP and digitally enabling Philippine institutions,” Gaba added. UBP Fintech Group AVP for Sales Andrew Garcia states "On behalf of our Fintech Business Group Head, Erika, I wish to thank PDAX for embarking on this journey with UnionBank as we ideate, co-create and tech-up the organizations which aim to include crypto services in their key offerings, primarily those in the payments segment, remittances and financial institutions – from trading or conversion, crypto deposits and withdrawals and Fiat payouts, among others. May this partnership bring forth a more OPENLY digitalized future for our business clients, our communities and our country."
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