UNO Digital Bank has partnered with leading mobile wallet app GCash to integrate its services in GSave. Through #UNOready@GCash, GCash customers can open an UNO Digital Bank account directly from the GCash app and access UNO Digital Bank products.
“Through this partnership with GCash, we will open the door for more people to experience fast, seamless, and well-protected digital transactions so they can avail of high-rate savings products to get started on their financial growth journey. We hope more Filipinos will be able to achieve their financial goals through GSave& UNO Digital Bank,” said Lester Cruz, Head of Liabilities and Payments -Products and Partnerships at UNO Digital Bank.
Through the GSave Marketplace, customers can manage their UNO savings accounts in one app. Filipino citizens who are at least 18 years old, and who are fully verified GCash App users with active mobile numbers and mailing addresses registered in the Philippines, are eligible to open an #UNOready savings account and an #UNOboost and/or #UNOearn Time Deposit account.Customers also get to enjoy seamless and free cash in and cash out from their GCash wallet to their UNO accounts.
#UNOReady@GCash is a high-rate savings account that offers up to 4.25 percent interest p.a., higher than what is currently offered by traditional banks. Interest is credited daily, and it has no requirements for either a minimum or maintaining balance and has no service fees.
Additionally, customers can get free life insurance coverage worth P50,000 for a minimum monthly Average Daily Balance (ADB) of P10,000.00.
In addition to the #UNOready@GCash services provided, UNO Digital Bank is the first to offer time deposit products in GSave through its #UNOboost@GCash and #UNOearn@GCash accounts. #UNOboost@GCash provides up to 6.50 percent interest p.a. time deposits.
Customers have the flexibility to choose their desired term ranging from 3-12 months, while #UNOearn@GCash is also a high-yield time deposit with a guaranteed interest rate of 6.50 percent p.a. that can be locked-in for 12 or 24 months.It also provides monthly interest payout. Customers can openup to five tranches each for #UNOboost and #UNOearn and can deposit up to P100,000 per tranche.
“We are a customer centric bank, and all our products and services are designed to cater to our customers’ financial needs. We are initially offering our savings products that will help them grow their money by offering better than standard industry interest rates backed by superior digital experience.Other products and services like loans, insurance,and investment products will soon follow. Our goal is to provide the platform that can help them meet their financial goals in a convenient, simple, and safe manner,” Amit Malhotra, Chief Business Officer of UNO Digital Bank, added.
