Categories
Technology

Bonds.PH app makes bond investing easy for unbanked

Union Bank of the Philippines President and CEO Edwin R. Bautista says the Bonds.PH mobile app will benefit every Filipino.
Union Bank of the Philippines President and CEO Edwin R. Bautista says the Bonds.PH mobile app will benefit every Filipino.

Have you ever thought of investing in retail treasury bonds? Now the Bonds.PH mobile app makes it easy for every Filipino, even the unbanked, to do so for as low as US$100.

The Philippine Bureau of the Treasury (BTr) is the first in Asia to launch an app for the distribution of retail treasury bonds enabled by Distributed Ledger Technology (DLT).

“The launch of Bonds.PH paves the way for all Filipinos, particularly the unbanked, to easily and affordably invest in the BTr’s newest retail treasury bond, RTB-24 or the Progreso Bonds. The mobile app presents a compelling opportunity for all to invest and help the Republic raise funds for economic recovery and COVID-19 response,” Philippine National Treasurer Rosalia V. De Leon said in a press statement.

The launch was made possible in partnership with Union Bank of the Philippines (UnionBank) and Philippine Digital Asset Exchange (PDAX).

“This is the first retail treasury bond issuance to leverage on blockchain technology in Asia, and likely the world. The Philippines is ready to lead the way into the future and tech up the nation with innovative, inclusive opportunities, powered by emerging technologies, for the benefit of all Filipinos,” said UnionBank President and CEO Edwin R. Bautista.

Categories
Gaming

ULeague Mobile Legends charity clash gears for Round 2

The ULeague is Union Bank of the Philippines’ inter-company esports league.

Will Round 1 champions SALARIUM emerge victorious again? Or will the ULeague crown a new winner in Round 2 of its Mobile Legends Charity Clash Tournament?

The ULeague is Union Bank of the Philippines’ (UnionBank) inter-company esports league. It is holding the ULeague Charity Clash Tournament, an online competition featuring the popular game Mobile Legends: Bang Bang. This charity clash is organized by UnionBank and its partners. These include the Distributed Ledger Technology Association of the Philippines, Fintech Philippines Association, UShare, and Tech Up Pilipinas Inc.

Round 2 of the tournament is scheduled on July 2-3. All participating companies have pledged a donation which will go towards charities with COVID-19 relief campaigns, including Caritas Manila.

Categories
Gaming

Mobile Legends team of Salarium wins in charity clash

Mobile Legends team of Salarium emerged victorious in the ULeague: Charity Clash Tournament.

The Mobile Legends team of Salarium emerged victorious in Round 1 of the ULeague: Charity Clash Tournament that Union Bank of the Philippines (UnionBank) and its partners launched. This was for the benefit of charities with COVID-19 relief programs, including Caritas Manila.

Their team, also called SALARIUM, defeated the Noob Killers of Dragonpay in the Round 1 finals held on June 11. The organizers will hold the succeeding rounds in the coming weeks.

“We launched our own internal esports tournament early this year as an avenue to foster community and engagement in UnionBank through gaming,” UnionBank Senior Vice President and Head of the Fintech Group Arvie de Vera said in a press statement.

“With the Charity Clash Tournament, we want to build the same community through gaming in the fintech industry, and advocate our value of Ubuntu as we support organizations like Caritas Manila that continue to help out our kababayans during this time of need,” he said.