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UnionBank Empowers SMEs Soiree By Retail Lab

UnionBank continues its mission of empowering Small and Medium Enterprises (SMEs) by partnering with By Retail Lab for Soiree By Retail Lab, the largest holiday fair in the Philippines. This collaboration highlights UnionBank’s commitment to fostering growth among Filipino entrepreneurs by providing accessible and innovative financial solutions tailored to their needs.

Scheduled for December 6 to 8 and December 14 to 15, 2024, at The Fifth at Rockwell in Makati City, the event will host over 170 merchants, showcasing the creativity and ingenuity of Filipino-owned businesses. UnionBank’s UB Negosyante program takes center stage, enhancing the capabilities of participating SMEs to thrive in an increasingly digital economy.

“UnionBank’s goal is to give Filipino entrepreneurs the ‘Power to Grow’ by offering simple, accessible financial solutions tailored to their needs. This makes it easier for their customers to support local merchants,” said Dino Velasco, UnionBank’s Head of Institutional Segment Marketing.

The partnership underscores a shared vision of promoting a culture of shopping local. UnionBank provides tools like cashless payment systems, making transactions seamless for shoppers and enabling SMEs to optimize their operations.

UnionBank’s offerings include the UnionBank BizStarter checking account, which requires only a Php 5,000 initial deposit, lowering barriers to banking for small business owners. This account pairs with the UB Negosyante App, an all-in-one mobile platform that simplifies fund management, payment processing, and QRPH code generation—ideal for dynamic marketplaces like Soiree.

“Filipino entrepreneurs are resilient and resourceful, and our role is to provide the support they need to achieve their full potential,” Velasco added. “UnionBank is proud to stand alongside these businesses, helping them flourish and contribute to a brighter future for all.”

With UnionBank’s tech-driven solutions and By Retail Lab’s dedication to uplifting local entrepreneurs, this year’s Soiree By Retail Lab is more than just a shopping fair. It’s a celebration of innovation, resilience, and partnerships, paving the way for progress and endless possibilities in the SME sector.

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