by Jan Michael Carpo, Reporter
JuanHand, a leading fintech player providing instant financial access to all Filipinos, and UnionDigital Bank (UD), the digital banking subsidiary of Union Bank of the Philippines, have announced a strategic partnership aimed at accelerating access to credit for underserved Filipinos.
Photo shows (seated L to R:) Francisco “Coco” D.C. Mauricio (President and CEO, WeFund Lending Corp.), Danilo “Bong” J. Mojica II (President and CEO of UnionDigital Bank), standing L to R: Michael R. Magpily (Chief Marketing Officer, UnionDigital Bank), Maxine Isabell G. Juan (Business Development Officer, WeFund Lending Corp.), Jef R. Lacson (Chief Financial Officer, UnionDigital Bank).
This collaboration marks a significant step forward in the Philippines’ journey towards a more inclusive and digitally-driven financial ecosystem.
JuanHand, a trusted and responsible fintech player
JuanHand, known for its innovative technology and commitment to data privacy and security, has recently received approval from the National Privacy Commission (NPC) to process borrowers’ personal information.
This significant milestone reaffirms JuanHand’s position as a trusted and responsible fintech player, demonstrating its dedication to safeguarding client data.
“This partnership with UnionDigital Bank is a testament to JuanHand’s commitment to empowering Filipinos through financial inclusion,” said Francisco Mauricio, President and CEO of WeFund Lending Corp., the company that operates JuanHand.
“By combining our expertise in fintech lending with UD’s robust and innovative digital banking infrastructure, we can provide more Filipinos with access to affordable and accessible credit,” Mauricio further stated.
This collaboration aims to bridge the gap in financial inclusion by leveraging JuanHand’s expertise in fintech lending with UD’s robust and innovative digital banking infrastructure. The partnership will enable creditworthy Filipinos, particularly those with limited or no credit history, to quickly access financing.
“At UnionDigital Bank, our commitment to financial inclusion goes beyond simply providing access; it’s about empowering Filipinos to improve their lives and reach their full potential,” said Danilo Mojica II, President and CEO of UD. “From the beginning, we have prioritized extending credit to individuals who previously had limited access to financial opportunities.”
This partnership is expected to have a significant impact on the Philippine financial landscape. By combining JuanHand’s innovative technology with UnionDigital Bank’s secure and reliable banking platform, the two companies aim to:
- Expand access to credit: Provide affordable and accessible loans to a wider segment of the population, including those traditionally underserved by traditional banking institutions.
- Improve financial literacy: Educate borrowers on responsible borrowing and financial management through digital channels.
- Boost economic growth: Empower individuals and businesses with access to capital, fostering entrepreneurship and driving economic development.
JuanHand’s user-friendly mobile app and quick loan approval process, combined with UD’s secure and reliable banking platform, will provide a seamless and convenient borrowing experience for Filipino consumers.
The fintech company is operated by WeFund Lending Corp., a subsidiary of FinVolution Group, one of the leading FinTech Companies in Asia and listed on the New York Stock Exchange (NYSE: Ticker FINV).
Its exponential growth is also made possible by equally reputable and trusted partners such as UnionBank, Lazada, Sun Life Grepa, SkyPay, Multysis, along with data partners FinScore, Trusting Social, CIBI Information Inc., and Credit Information Corporation.
JuanHand is committed to helping underserved Filipinos and will always prioritize their privacy and welfare. By leveraging technology and innovation, JuanHand and UD are paving the way for a future where financial opportunities are accessible to all Filipinos.
The company now has over 12 million registered users and P40 billion in disbursed loans, establishing itself as a reliable platform for tech-driven financial solutions.
About JuanHand:
JuanHand is the leading pure fintech cash lending app in the Philippines, offering quick and convenient access to loans for a wide range of needs.
About UnionDigital Bank:
UnionDigital Bank is the digital banking subsidiary of Union Bank of the Philippines, offering a wide range of innovative and convenient banking services through its digital platform.