UBX revenues balloon 5x

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UBX, the leading open finance platform in the Philippines, said its revenues ballooned by five times in 2021.

With the demand for digital financial solutions growing at rapid paces due to the pandemic, UBX served over 200,000 business to business customers, partnered with more than 2,000 independent banking agents and 250 financial institutions, and recorded an annual gross transaction value of P20 billion.

“The year 2021 was a real inflection point for us — it is when we achieved traction. Our goal is to continue to ride on this growth momentum in 2022 through constant innovation and the development of solutions that will further democratize access to financial services,” UBX president and CEO John Januszczak said.

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Backed by Asia’s top digital bank UnionBank of the Philippines, UBX is the leading open finance platform in the country, enabling interoperability among different financial institutions by making data more accessible and portable.

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