UnionBank Collaborates With OneConnect for Blockchain Finance To SMEs

Ping An’s OneConnect and UBX (a subsidiary of Union of the Philippines) have teamed-up with the aim in launching the first blockchain-based platform to meet the banking need of micro, small and medium enterprises (MSME) in the Philippines. The CEO of OneConnect Financial Technology commented, “We are excited to be partnering with UBX in the Philippines because we share the same vision of how technology can empower communities that traditionally cannot be reached.”

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