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Banking and Financial Services

UnionBank Rolls Out First 5G-Powered Full-Service Mobile Bank

UnionBank has made banking more convenient with their newest offering, "Banking on Wheels."

“Banking on Wheels” is the Philippines’ first 5G-powered air-conditioned banking kiosk in a mobile van that enables customers to conveniently and comfortably avail of banking services like balance inquiries, withdrawals, bills payments, funds transfer and even account opening.

UnionBank's "Banking on Wheels" is the Philippines' first banking kiosk on wheels wherein customers can do their necessary transactions powered with 5G technology.

With 5G technology, UnionBank can leverage on higher bandwidth and faster internet connection – 20 times faster than other networks available – so this means better, faster and more reliable digital services to the bank’s clients.

Government Service and Insurance System (GSIS) pensioners warmly welcomed “Banking on Wheels” during its launch at UnionBank’s Commonwealth Avenue, Quezon City branch to augment the automated teller machines during the release of GSIS pension payments.

The mobile kiosk is scheduled to roll out in particular areas. You may refer to UnionBank's Facebook page for schedule announcement.

The van is scheduled to go to various places on a predetermined schedule to provide banking services. You may refer to UnionBank's Facebook page for schedule announcement.

UnionBank has also given a 30-day extension on payments — without late fees — for credit cards, housing loans, auto loans, and quick loans to qualified customers. Instapay transfer fees have also been waived until April 14, 2020 as the bank encourages customers to “go digital” and “bank from home” using the UnionBank app.

Read also: Aboitiz Extends Lifeline To Clients and Customers Amid COVID-19

Chief Technology and Operations Officer and Chief Transformation Officer Henry Aguda said UnionBank is in constant pursuit of ways to bring the bank closer to its customers as aligned with its advocacy to promote financial inclusion.

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