Accessing financing in the Philippines can be a frustrating experience, especially for businesses trying to keep up with daily operations, manage cash flow, or fund new opportunities. Long queues, paperwork, and slow approvals are still common in traditional banking.
The UnionDigital Bank App offers a digital alternative. Built to simplify how businesses borrow and transact, it provides quick access to credit, seamless payments, and secure savings, all through a mobile-first experience.
With digital lending in the Philippines expected to surpass US$1 billion by 2025, platforms like this are no longer optional; they're becoming essential.
In this article, we’ll explore how the UnionDigital Bank App works, what it offers, and how it fits into the evolving digital finance market.
What is UnionDigital Bank App?
UnionDigital Bank is a fully digital banking platform in the Philippines, created as a subsidiary of UnionBank. Unlike traditional banks, it operates entirely online, meaning there are no physical branches. The bank is designed to offer users a seamless, paperless banking experience that can be accessed anytime, anywhere through its mobile app.
Key Features of the UnionDigital Bank App
UnionDigital Bank App offers a suite of features designed to make banking easier and more efficient for SMEs in the Philippines:
- Quick Account Opening: Set up your business account without visiting a branch, saving you time and paperwork.
- UD Cash Loans: For loans above PHP 20,000, the fee is 10% of the loan amount but will not exceed PHP 10,000. For loans between PHP 10,000 and PHP 20,000, the fee is fixed at PHP 2,000.
- 24/7 Access to your Funds: You can make payments and transfers from the comfort of your home, and even when you’re on the go
- Bills Payment: You can pay suppliers and utilities anytime, anywhere, helping you avoid late fees and streamline your operations.
- InstaPay QR Transfers: Send and receive payments instantly by scanning or uploading a QR code, perfect for managing transactions with partners or customers.
- High-Interest Savings and Time Deposits: Grow your business funds with competitive interest rates, starting with deposits as low as PHP 1,000.
- Enhanced Security: Benefit from biometric logins, in-app OTP, and robust data encryption to ensure your business’s financial data stays secure.
- Learn & Grow Feature: Access practical financial tips and resources directly in the app to help you make smarter business decisions.
UnionDigital Bank is regulated by the Bangko Sentral ng Pilipinas (BSP), and your deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) up to ₱1 million per depositor, giving you peace of mind as you manage your business finances.
Next, let’s look at the specific advantages the UnionDigital Bank App brings to SME owners like you.
Benefits of UnionDigital Bank App for SME Owners
The UnionDigital Bank App offers numerous advantages specifically designed to help SMEs in the Philippines streamline their financial operations. With its user-friendly interface and comprehensive features, the app provides business owners with the tools they need to manage their finances efficiently and grow their businesses.
Here’s how UnionDigital Bank App delivers several practical benefits tailored for SME owners in the Philippines:
1. Improved Access to Credit
You can apply for loans quickly, even if your business has little or no credit history. Through partnerships like the one with JuanHand, UnionDigital Bank streamlines the lending process, giving SMEs vital access to working capital and supporting financial empowerment for underserved businesses.
2. Streamlined Transactions
The app lets you digitally manage payments, transfers, and bills, reducing paperwork and saving valuable time. With features like instant QR payments and 24/7 account access, you can focus more on running your business and less on administrative tasks.
For example, Traditional banking often involves waiting in line for transfers or bill payments, which can waste valuable time. With the UnionDigital Bank App, payments are made instantly with just a few taps.
3. Financial Inclusion
UnionDigital Bank is committed to serving SMEs that traditional banks often overlook. By leveraging cloud-based systems and digital-first strategies, the bank extends essential banking services to underserved communities, helping more businesses participate in the formal economy.
4. Partnership Ecosystem
UnionDigital Bank collaborates with leading platforms, such as Angkas and mWell, to embed financial services where you already do business. This integration makes banking more convenient, allowing you to access loans, payments, and other services directly within partner platforms.
5. Business Insights and Support
With tools like the Customer Lifetime Prosperity Index (CLPI), you gain access to actionable financial metrics and educational resources. The CLPI is a tool that tracks the long-term financial health and potential growth of your business, giving you a clear picture of your financial position and helping you make informed decisions. These insights help you track your business’s financial health and plan for sustainable growth.
6. Robust Security
UnionDigital Bank employs advanced encryption and security measures to ensure that your business data and transactions are fully protected, providing peace of mind for SME owners.
These advantages make the UnionDigital Bank App a powerful tool for SME owners to manage their finances easily, efficiently, and securely.
Now that you’re familiar with its benefits, let’s explore how you can use its features to support your business.
How to Get Started with the UnionDigital Bank App?
Getting started with the UnionDigital Bank App is simple and straightforward. But before you create an account, ensure you meet the following requirements:
- Be a Filipino citizen.
- At least 18 years of age.
- Possess a valid Philippine mobile number.
- Currently residing in the Philippines.
- Have a permanent address within the Philippines.
- Not a U.S. person or subject to U.S. FATCA regulations.
Now that’s covered, here’s a step-by-step guide to help you set up your business account and access the app’s full suite of features:
- Download the App: Find the UnionDigital Bank App on the Apple App Store or Google Play Store and install it on your smartphone.
- Register Your Account: Open the app and select “Sign Up.” You’ll need a valid mobile number and email address to begin the registration process.
- Prepare Your Requirements: Have one valid government-issued ID ready (such as a UMID, driver’s license, or passport). For business accounts, you may also need basic business details and supporting documents such as a valid business permit and Tax Identification Number (TIN).
- Complete the Verification: Follow the app’s instructions to upload your ID, take a selfie for identity verification, and fill in your business information. The process is fully digital and usually takes just a few minutes.
- Set Up Security Features: Enable biometric login (fingerprint or facial recognition) and set a strong password or PIN for added security.
- Start Banking: Once verified, you can open savings accounts, apply for loans, pay bills, and transfer funds;all from your mobile device.
If you need help at any stage, UnionDigital Bank offers customer support through the app and its official website. With your account set up, you can enjoy faster, simpler, and more secure banking tailored for your business needs.
n90’s Approach to Strengthening SMEs in the Philippines
While UnionDigital Bank App helps with day-to-day banking and credit access, we at n90 are here to support the critical growth stages, when you need larger funding or tailored solutions to fuel expansion and manage cash flow.
We take a relationship-first approach to financing. For qualified SMEs, we offer up to ₱25 million in funding, backed by flexible terms and a genuine commitment to your success.
Here’s how we help businesses like yours grow with confidence:
- Bridge Loans: Secure short-term funding to cover operational gaps or urgent expenses, during transitions or unexpected challenges.
- Small Business Loans: Access secure and straightforward loans with fixed weekly or monthly payments, terms ranging from three to 24 months.
- Invoice Factoring: Convert unpaid invoices into working capital, so you don’t have to wait for clients to pay before covering expenses.
Our services focus on helping SMEs maintain operational efficiency, access the capital they need, and ensure long-term success with a solid foundation built on trust and reliability.
Conclusion
The UnionDigital Bank App offers a convenient way for SMEs to handle everyday banking and payments. But when it comes to funding your next big move or solving complex cash flow challenges, you need more than just a banking app.
At n90, we work closely with small and medium businesses like yours to offer straightforward financing without the long wait, confusing terms, or rigid processes. Whether you're looking to bridge a cash flow gap or secure funds for expansion, we’re here to help.
Get in touch with us today to explore funding solutions tailored to your business goals.
FAQs
1. What can I do with the UnionDigital Bank app?
A: The UnionDigital Bank app lets you open and manage digital bank accounts, store money, send and receive payments, pay bills, and even apply for cash loans—all through your mobile device
2. How quickly can I access funds after my loan is approved?
A: With UnionDigital Bank, loan disbursement is typically quick, often within hours to one business day after approval. n90 also prides itself on rapid fund release for qualified applicants.
3. Is my money safe with UnionDigital Bank?
A: Yes. UnionDigital Bank is regulated by the Bangko Sentral ng Pilipinas (BSP), and deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) up to ₱1 million per depositor.
4. What makes n90 different from other business lenders?
A: n90 takes a relationship-based approach to financing, focusing on building trust and long-term partnerships with SMEs. They prioritize transparency with clear terms and no hidden fees, ensuring you fully understand your loan before signing. Their commitment to supporting your growth with tenacity sets them apart as a reliable financing partner.
5. What are the eligibility requirements to apply for financing with n90?
A: To qualify for n90’s financing, your business must be registered with BIR, DTI, or SEC, and have an annual revenue of at least ₱25 million. You also need to be a Philippine resident with a valid government-issued ID or Alien Registration Card (ARC). New borrowers receive full guidance throughout the application process.
