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UnionBank is one of the first financial institutions in the Philippines to adopt cryptocurrency, and was the first local lender to release its own stablecoin in 2019, named PHX, which gives rural banks easier access to remittance and payments.
In 2014 TPG Group, a USA based private investment firm with over US$70 billion of assets, acquired 70 percent of the issued share capital of UBC through its subsidiary, Culture Financial Holdings. The deal was valued at US$117 million , and was at the time one of the largest foreign direct investments in Sri Lanka's financial sector.
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
Three years later, Union Bank was again accused of money-laundering and in September 2007, the bank agreed to pay $31.6 million in penalties and forfeitures to settle government claims that it had been implicated in an elaborate drug money laundering scheme involving Mexican exchange houses known as casas de cambio. [24]
Accepted payment methods. Credit or debit cards. American Express; Visa (credit or debit) Discover (credit or debit) MasterCard (credit or debit) PayPal (for most online purchases) Direct debit is no longer available for active accounts, however, it can be used to pay past due balances, with a $7 fee. Entering your payment info
UnionPay announced in 2016 that more than 2.2 million merchants in 39 European countries and regions accept UnionPay, taking up 50% of all the merchants supporting bankcard payment. [13] [14] Merchants from all sectors can integrate UnionPay and accept payments from their clients online or in-store. UnionPay is accepted at major department ...
However, making sure you pay your bills on time is important, which can even come down to which day of the week is best to ensure your payment goes through. Learn More: 5 Unnecessary Bills You ...
Devaughn Vele gets a good grade for concentration. The Denver Broncos receiver couldn't have figured that he would catch a touchdown when Bo Nix threw it toward the back of the end zone.