UnionDigital Bank (UD), a digital bank subsidiary of Union Bank of the Philippines, has recently partnered with mWell, the country’s first fully integrated and fully digital health and wellness platform, to provide Filipinos with a holistic health and financial wellness experience. The collaboration is part of UD’s efforts to make financial services more accessible to individuals and businesses, while mWell aims to bring healthcare to more Filipinos through its sustainable and future-proof digital platform.
UD will integrate its banking services into mWell’s app, providing mWell’s patients with access to digital banking products such as medical emergency loans and flexible payment terms. The partnership will create a more efficient and effective digital experience that prioritizes the needs of customers from health to finances.
“Joining forces with UnionDigital Bank is a major step towards improving the overall healthcare experience of our customers. It will bring a new level of convenience and support, enhancing our ability to deliver on our mission of empowering people to live their healthiest lives,” said Chaye Cabal-Revilla, President and CEO, mWell; Chief Finance, Risk, and Sustainability Officer, MPIC.
As the number one digital lender in the Philippines, UD is committed to providing innovative solutions that enable more individuals and businesses to obtain the financial resources they need to achieve their goals. Similarly, mWell is committed to working towards the achievement of the United Nations’ Sustainable Development Goals, particularly SDG 3: Good Health and Well-being.
“Combining our expertise in digital banking and healthcare innovation, our partnership with mWell will enable us to offer cutting-edge solutions and seamlessly integrate our services into their app, making it easier for their customers to manage the financial aspects of their healthcare journey,” said Henry R. Aguda, President and CEO, UnionDigital Bank. “Together, we are committed to empowering mWell users to have greater control over their health, allowing them to focus on what truly matters – their health and well-being.”
By joining forces, UnionDigital Bank and mWell will strive to make healthcare services more affordable and convenient for their customers, empowering them to have greater control over their health and well-being. The partnership marks a significant step forward in driving financial inclusion and improving the overall healthcare experience of Filipinos.