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) Digital Business Solutions Partner Referral Program as one of its accredited fintech partners for crypto services and digital solutions.
This historic partnership between PDAX and UBP enables 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 broader market and increasing PDAX’s reach and penetration across various industries. This vote of confidence from UBP will help PDAX grow its client base in the Philippines but will also help PDAX better understand the market. At the same time, the UBP team assists by endorsing PDAX’s solutions to customers they believe would benefit the most from PDAX’s crypto solutions.
UBP customers will have exclusive access to a curated set of partner solutions, including PDAX’s crypto services, through the Digital Business Solutions Referral Partnership Program. The program, which aims to “tech up industries through digital synergies and collaboration,” will enable 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 via the UBP app with security and liquidity.
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 were present during the signing of the Memorandum of Agreement (MOA) on Wednesday, April 26 at UnionBank’s Head Office in Ortigas Center, Pasig City.
“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.
Andrew Garcia, AVP of Sales at UBP Fintech Group, says “On behalf of Erika, our Fintech Business Group Head, I would like to thank PDAX for joining us on this journey as we ideate, co-create, and tech-up organizations that want 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 collaboration usher in a more OPENLY digitalized future for our business clients, communities, and country.”
