UNO Digital Bank, a leading digital banking platform in the Philippines, has teamed up with GCash, a popular mobile wallet app, to integrate their services in GSave. The partnership allows GCash customers to open an UNO Digital Bank account directly from the GCash app and access UNO Digital Bank products through the #UNOready@GCash feature.
Through the GSave Marketplace, customers can manage their UNO savings accounts in one app, making it easier and more convenient for them to save and manage their finances. Filipino citizens who are at least 18 years old and fully verified GCash App users with active mobile numbers and mailing addresses registered in the Philippines can open an #UNOready savings account, as well as an #UNOboost and/or #UNOearn Time Deposit account.
#UNOReady@GCash offers up to 4.25% interest p.a., higher than what traditional banks currently offer, with no minimum balance requirements or service fees. Customers can also enjoy free cash in and cash out from their GCash wallet to their UNO accounts. Additionally, customers with a minimum monthly Average Daily Balance (ADB) of PHP10,000.00 can get free life insurance coverage worth PHP50,000.
UNO Digital Bank also offers time deposit products in GSave through its #UNOboost@GCash and #UNOearn@GCash accounts. #UNOboost@GCash provides up to 6.50% interest p.a. time deposits, while #UNOearn@GCash is a high-yield time deposit with a guaranteed interest rate of 6.50% p.a. that can be locked-in for 12 or 24 months.
Amit Malhotra, Chief Business Officer of UNO Digital Bank, said, “We are initially offering our savings products that will help customers grow their money by offering better than standard industry interest rates backed by superior digital experience. Our goal is to provide the platform that can help them meet their financial goals in a convenient, simple, and safe manner.”
Manish Bhai, Founder & CEO of UNO Digital Bank, also expressed his excitement about the partnership, saying, “With GCash as our partner, we are well-positioned to create meaningful impact by providing financial inclusion and innovative products to the majority of Filipinos.”
Martha Sazon, GCash’s president and CEO, shared the same sentiment, saying, “Thanks to like-minded partners like UNO, we can make sure that more Filipinos can have access to essential banking services and help them gain financial freedom.”
Since its launch in 2022, UNO Digital Bank has been committed to providing services for the unbanked population and helping to create a better financial system with online banking solutions powered by the latest technology. The company was one of the first Fintech companies to receive a Digital Banking License from the Banko Sentral ng Pilipinas. UNO Digital Bank continues to partner with trusted and effective members of the banking and financial services industry to help elevate the banking experience to one that is more accessible, reliable, and secure.
With the new partnership between UNO Digital Bank and GCash, more Filipinos can now have access to high-rate savings and time deposit products and experience fast, seamless, and well-protected digital transactions, all while achieving their financial goals.
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