AllBank, UMI Technologies partner to promote QR payments in PH
ALLBANK (A Thrift Bank) Inc. announced another QRPH partnership with UMI Technologies Corp. to promote digital payment services in the Philippines. Through this collaboration, the partners of UMI would be able to accept payments from various banks and e-wallets via QRPH. This partnership was in line with AllBank’s objective to continuously expand its QR payment facility all throughout the country.
“This partnership with UMI is another concrete action to boost AllBank’s QR payment facility in the country. We greatly believe that partners [such as] UMI will help us [in] achieving our goal in reshaping the digital payments landscape and making financial services accessible to all.” AllBank President and Executive Director Jesus Vicente Garcia said.
UMI Technologies Corp., a dynamic financial technology or fintech entity was thrilled to unveil its strategic partnership with AllBank, a prominent player in the Philippine banking sector. This exciting collaboration — solidified through a formal contract signing at AllBank’s Mandaluyong City head office in December — marked a significant milestone for both entities.
As a rapidly expanding fintech company specializing in optimizing financing solutions at the point of sale, UMI was dedicated to introduce faster and more efficient financial services to the Philippines. Recognized as a key player in the country’s banking landscape, AllBank would play a pivotal role by facilitating seamless settlements for UMI’s merchants.
In this synergistic alliance, AllBank’s commitment to providing convenient settlements aligned seamlessly with UMI’s mission to streamline financing processes. Furthermore, UMI would actively contribute to AllBank’s small and medium enterprise customer acquisition efforts, ensuring accelerated settlements for its network of merchant partners nationwide.
“This collaboration reflected the shared vision of UMI Technologies Corp. and AllBank in advancing financial solutions, ultimately enhancing the financial landscape in the Philippines,” UMI Technology Corp. co-founder and Chief Product Officer Andrei Odorodko said.