News > Fexco and UBX to provide access to financial services across the Philippines.

Fexco and UBX to provide access to financial services across the Philippines.

Manilla, 20th December 2019 Leading Irish Financial Services Group, Fexco, has announced a new partnership with UBX, a fintech subsidiary of Union Bank of the Philippines to provide Agency Banking and Mobile ATM services to rural banks and financial cooperatives via the state-of-the-art Fexco Springpoint platform.

The new services will benefit both financial institutions and consumers by bringing key financial services, most notably Cash Out, Cash In, Balance Inquiry, Loans, Bill Payments and Account Opening to all areas of the Philippines including some areas significantly underserved in the market today.

Fexco currently employs more than 2,400 people across the globe, focused on delivering technology enabled financial services to a wide range of banking and Fintech partners and this new partnership with UBX will build on the experience of those long-standing relationships.

UBX’s position as a leading Fintech organisation in the Philippines ideally positions it to leverage technologies that Fexco has been developing for the local market over the past 2 years.

Since launching its current technology platform in 2017, Fexco Philippines has processed more than Php3bn in transactions

Commenting on the partnership, Cathal Brendan Foley, CEO of Fexco Philippines, said:

“We are very pleased to be partnering with a Fintech organisation of the scale and stature of UBX. This partnership will allow us to rapidly expand our ability to deliver crucial financial services to consumers across the UBX banking partner network. Fexco and UBX are both dedicated to enhancing financial inclusion for both the businesses and people of the Philippines.”

ENDS

For more information contact:
FEXCO CONTACT: Rob Neale, Innovation Product Manager, Fexco Centre, Iveragh Road, Killorglin, Co Kerry, Ireland. Rneale@fexco.com

UBX CONTACT: J Noel G Santiago, i2i Business Owner. 33F UnionBank Plaza Bldg, Meralco Avenue, Ortigas Center, Pasig City. jose@ubx.ph

About Fexco

Recognised as an established fintech player, Fexco employs over 2,400 people across its suite of companies headquartered in Killorglin, Co. Kerry located in the South West of Ireland. Founded in 1981, Fexco now has operations in 29 countries across Europe, the Middle East, Asia-Pacific, North America and Latin America.

Fexco serves some of the world’s biggest brands across multiple industries, predominantly in the payments and FX sectors, through a wide range of innovative products and services including; Dynamic Currency Conversion (DCC), Multi Currency Pricing (MCP), Tax Free Shopping and Retail FX.
Fexco also offers bespoke Managed Business Solutions and Outsourcing services as well as a full suite of payment management solutions through its Corporate Payments business.

Since inception, Fexco has been driven by an entrepreneurial and innovative spirit. This ethos has brought the company to new regions and industries of growth, connecting customers with exciting new opportunities. Through its commitment to partnership and innovation, the company has built an international network of customers. To find out more visit www.fexco.com

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