A recent survey shows that 68% of the younger workforce, the Gen Zs, believe access to credit is more important than ever for people to achieve their financial goals.
However, lack of access to safe and affordable loans, combined with low financial literacy on how to maximize credit, are significant obstacles for Filipinos who want to develop healthier financial lives.
UNO Digital Bank and Bridge Access have joined forces to offer Filipino workers tailored financial solutions, including cost-effective loans and expert-backed programs, through a secure and user-friendly platform. Photo shows (from left:) Janna De Guzman, President and Co-Founder of Bridge Access; David Bonifacio, CEO of Bridge Southeast Asia; Manish Bhai, Founder and CEO of UNO Digital Bank; and Kalidas Ghose, Chairman of UNO Digital Bank.
UNO Digital Bank and Bridge Access are addressing the growing need for financial solutions designed specifically for Filipino workers.
The two companies have officially partnered to provide employees with access to financial services, such as low-cost loans, in a secure and user-friendly platform that also combines financial programs from the country’s most respected financial experts.
They call this combination of targeted financial products, powerful technology, and educational content Intelligent (Financial) Inclusion.
“We are thrilled to collaborate with Bridge Access to bring enhanced financial solutions to their customers,” said Manish Bhai, President & CEO of UNO Digital Bank. “This partnership aligns perfectly with our mission to empower individuals with convenient and affordable banking services, including lending. By combining our expertise, we can offer Bridge Access customers an unparalleled level of financial support. We aim to expand payroll-based lending nationwide and are also exploring a few additional partnerships.”
Bridge Access has quietly and effectively brought financial services such as affordable salary loans, automated savings and investments, and low-cost insurance to thousands of Filipino workers through its Access Platform. This strategic partnership with UNO strengthens the ability of Bridge Access to provide even better financial products.
Janna De Guzman, the Founder and CEO of Bridge Access, expressed enthusiasm for the partnership, stating, “While payroll lending or salary loans is not new, being able to provide low-cost credit at scale, with low non-performing loans, and in a way that helps borrowers consolidate savings over time is where Access is different from other loan providers. Their objective is to collect interest from borrowers.”
“Our ultimate goal is to help Filipino workers be financially free. We believe this partnership with UNO Digital Bank helps us bring greater access to more Filipino workers,” she adds.
Unlocking the full potential of financial inclusion
By partnering, Bridge Access and UNO can provide customers with a one-stop shop for their financial needs. This would make it easier and more convenient for customers to manage their finances, and it could also help them to save money and achieve their financial goals.
Bridge Access already has a strong presence in underserved markets, and UNO Digital Bank is committed to providing financial services to everyone, regardless of their income or background.
By working together, these two companies can reach even more people with the financial products and services they need to succeed.
In addition to providing comprehensive financial solutions and improving financial inclusion, Bridge Access and UNO Bank will also be working together to increase financial literacy among their customers. Both companies are committed to helping customers understand their finances and make informed financial decisions.
Empowering employees with transformative financial services
The newly formed partnership is under the UNO@work initiative, a program that empowers interested companies to offer enhanced benefits to their employees.
Through this strategic alliance, customers of Bridge Access will gain access to a diverse range of exclusive benefits, exceeding Php25,000 or the equivalent of an additional month’s pay.
The UNO@Work initiative is a revolutionary program that empowers companies to offer enhanced benefits to their employees.
To partner with UNO@Work in driving the financial inclusion and empowerment that employees need to achieve their financial goals, visit: https://uno.bank/unoatwork/.