Malaysia’s Capital A has entered into a partnership with UnionDigital Bank, the digital bank subsidiary of Union Bank of the Philippines, to expand its fintech business in the Philippines.
UnionDigital Bank’s collaboration with BigPay, a leading mobile wallet providing financial services in Malaysia and Singapore, solidifies its expansion into the Philippine market.
The partnership, BigPay, will serve Philippine customers with secure and frictionless financial services that boosts their financial health and management in the long run.
“As tourism flourishes in the region, we are excited to elevate the end-to-end travel and payment experience of Filipinos through our collaboration with UnionDigital Bank and AirAsia,” Zubin Rada Krishnan, chief executive at BigPay, said.
“Through this partnership, BigPay is one step closer to making our financial services highly accessible in the Philippines, with the mission of empowering people to level up their lives one transaction at a time,” he added.
AirAsia is the airline business of Capital A, while AirAsia Superapp is its one-stop travel platform offering services from flights, hotels, ride-hailing, loyalty programs, and more.
“For Capital A, the vision has always been to provide low cost, best value services, connecting people and realizing dreams, for people of ASEAN and beyond. With UnionDigital as our proud partner, we are now on our way to creating a future where travel meets innovative financial solutions that facilitate everyone’s dream journeys with unparalleled ease,” Tony Fernandes, chief executive at Capital A, said.
“We look forward to working with UnionDigital to redefine travel coupled with fintech as an accessible and enriching experience,” he added.
Fernandes said data show seven of 10 of its customers in the Philippines save up for their travel plans, carefully budgeting to ensure they can explore the world comfortably.
“This is a pivotal moment for the two important sectors in the Philippines. We are forging a path towards greater convenience, accessibility, and innovation to empower Filipinos to live better lives,” Henry Aguda, president and CEO at UnionDigital Bank, said.
“As we make these partnership announcements at ABAC, we are not just setting the stage but building a solid foundation for a brighter future with BigPay and AirAsia by our side,” he added.
The collaboration demonstrates UnionDigital Bank, AirAsia, and BigPay’s commitment to driving positive change, leveraging on powerful synergies that empower and uplift the lives of Filipinos.
“As we continue to push boundaries and pioneer new initiatives with like-minded partners, a financially inclusive Philippines will surely be on its way,” Aguda said.
