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 notablyCash 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 Fintechorganisation 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 P3.5 billion in transactions.