UnionBank Seals Partnership With Lazada, Shopee

UnionBank has partnered with Lazada and Shopee

The Union Bank of the Philippines (UnionBank) has recently partnered with Lazada and Shopee in order to allow clients to do their online transactions seamlessly.

Photo source: CNN Philippines

UnionBank First Vice President and Head of Fintech Business Group Erika Denise Dizon said that the partnerships were timely amidst the exponential rise in cashless transactions and e-commerce amidst the pandemic.

This ensures Filipinos can participate in the headwinds of innovation and a better, more seamless customer experience as a result,” Dizon said.

Through the partnerships, UnionBank clients can do their online shopping more conveniently through the Philippines’ major e-commerce giants by directly cashing in their digital wallets.

Lazada and Shopee

Also, customers enjoy discounts and added benefits with their online purchases for every top-up transaction.

David Hardoon, who was the senior adviser for data and artificial intelligence at UnionBank, said that there were safety nets in order to mitigate the risks associated with technology.

Hardoon added that when thinking about operationalizing AI (artificial intelligence) governance, it was imperative to have a broad appreciation of the risk that came from available historical data.

READ ALSO: Raffy Tulfo Launches Own e-Commerce Platform to Compete w/ Shopee & Lazada

For Lazada Wallet using UnionBank Online Banking, Lazada users should click the wallet icon on the upper right part of the homepage, select the cash-in button and enter the desired amount, and then select “Add UnionBank account” on the Cash-in Methods page.

On the other hand, for ShopeePay using UnionBank Online Banking, Shopee users should go to ShopeePay Wallet and select Cash-in, then enter the desired amount, select online banking as a payment method, and then choose UnionBank.

Both Lazada and Shopee users will then be directed to UnionBank’s online banking site for confirmation of the transaction.

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