fintech

UnionBank’s UShare encourages schools, nonprofits adopt digital transactions

UnionBank of the Philippines (UnionBank)’s UShare continues to digitize its foundations, non-profits, academic institutions, and faith-based organization segment as its digital collection solution is now powered by the Bank’s Payment Gateway e-commerce platform.

Through UShare, NGOs, religious groups, and academic institutions gain access to affordable financial management platform that can integrate with websites and online platforms. This allows them to easily receive and manage donations and payments from the Philippines as well as overseas. With UShare’s enhanced payment facility, donors and payees will even have more payment options. These enhancements will be made available throughout the year.

At the height of lockdowns caused by COVID-19 pandemic, UShare provided a platform for non-profit organizations (NPO) to adopt digital transactions receiving and disbursing donations. UShare also extends financial solutions to educational institutions by offering a secure and convenient platform to collect school fees.

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“Through UShare, we ensure non-profits, schools, and universities have access to digital tools that empower them to best serve their communities,” said Arvie de Vera, SVP and head, Fintech Group, UnionBank. “Community transformation is a team effort and we are committed to supporting organizations by providing them with robust and innovative payment solutions.”

UShare clients

UShare clients such as Victory Christian Fellowship- Dumaguete, one of the first UShare clients on the enhanced platform, now have access to a robust, transparen,t and secure payment facility that can handle a greater volume and have more payment options including transactions using any Visa or Mastercard Credit or Debit Card.

Schools and universities such as De La Salle-College of Saint Benilde (DLS-CSB) has been enabled by UShare to accept tuition payments online for the school year. This allowed the institutions to provide their students a safe, convenient, and efficient means of settling tuition payments while observing the community quarantine and social distancing protocols.