Manila, Philippines – UnionDigital Bank, the digital bank entity of the Union Bank of the Philippines, has signed a Memorandum of Understanding (MOU) with global play-to-earn guild Yield Guild Games (YGG) during its first-ever Managers’ Summit held last 3 to 6 March 2022 in the Philippines.
The partnership aims to make financial products and services more accessible to the play-to-earn and Web3 communities in the country. It will also further propel the rising Play-to-Earn community in the Philippines, addressing the communities’ emerging needs in the space.
UnionDigital Bank said that it aims to tech up and services the underbanked, enabling Filipino communities, businesses, problem solvers, and regulators to leverage innovative financial technologies in order to achieve nationwide financial inclusion.
Arvie de Vera, UnionDigital Bank’s co-founder and CEO, shared that their partnership with YGG brings to life their ambition to serve the growing Play-to-Earn community here in the Philippines.
“We are very excited to bring in our trailblazing leadership in Fintech, Blockchain, and Open Finance to the YGG community, providing them with services that best suit their needs in the P2E space,” said de Vera.
Meanwhile, Luis Buenaventura, YGG Pilipinas’ country manager, commented that this partnership with UnionDigital will give their play-to-earn community exclusive access to crypto services that are sorely lacking in the local ecosystem.
“We are confident that it will enable all kinds of interesting and new use cases, and continue to push the industry forward,” said Buenaventura.