UnionBank and Entrepreneurs’ Organization (EO) Join Forces to Empower SMEs with Innovative Solutions

Sunday, December 10, 2023

In a significant move towards fostering innovation and providing cutting-edge business solutions, Union Bank of the Philippines (UnionBank), recently recognized as AsiaMoney’s 2023 Best Bank for SMEs, has solidified a strategic partnership with the Entrepreneurs’ Organization (EO) in the Philippines. This collaboration, formalized through a memorandum of agreement (MOA) signing ceremony on October 26 at UnionBank Plaza in Pasig City, marks a pivotal step in Tech Up initiatives for businesses.

Through this dynamic collaboration, UnionBank is set to deliver tailored solutions designed to meet the entrepreneurial needs of EO members and their life partners. Key components of the program include the issuance of a UnionBank Platinum MasterCard to eligible EO members and the introduction of an affinity program through the UnionBank GlobalLinker platform. This platform will enable EO members to seamlessly connect digitally and extend exclusive discounts and offers to their fellow entrepreneurs within the EO network.

EO members can expect not only financial perks but also opportunities for knowledge exchange. UnionBank's participation in EO learning events and programs will enable members to gain insights into the latest trends and innovations in the financial sector. Moreover, EO members may serve as mentors and speakers at UnionBank events, providing a platform to share their entrepreneurial expertise and best practices.

The MOA signing ceremony was attended by distinguished representatives from both organizations, including EO Philippines President Benjamin So, Strategic Alliance Partner Heads Jun Lao and Lawrence Cobankiat, and from UnionBank, Head of Transaction Banking Center Mon Duarte, and Head of Institutional Segment Marketing Dino Velasco. The presence of these key figures underscores the significance and commitment of both UnionBank and EO to the success of this partnership.

EO Philippines President Benjamin So expressed enthusiasm for the alignment of values between UnionBank and EO, emphasizing that the proposed solutions are relevant and directly beneficial to their members and the broader entrepreneurial community. Jun Lao, Strategic Alliance Partner Head, highlighted the match-up as a synergy aimed at nurturing the entrepreneurial spirit and simplifying business processes.

Mon Duarte, Head of Transaction Banking Center at UnionBank, shared his optimism about the alliance, envisioning it not only as a catalyst for business growth but also as a source of fresh ideas for both entities. The collaborative relationship is poised not only to enhance banking experiences for EO members but also to stimulate innovation and efficiency in their business operations.

The partnership between UnionBank and EO signifies a shared commitment to foster entrepreneurship, drive innovation, and simplify financial transactions for SMEs. With a focus on delivering tangible benefits to EO members, this collaboration is set to create a positive impact on the Philippine business landscape.