UnionBank Teching Up Mompreneurs by Digitizing Transactions

Making good on its commitment to empowering Filipino micro, small, and medium enterprises (MSMEs) through technology and promoting cashless payments among Filipinos, Union Bank of the Philippines (UnionBank) once again supported the Momzilla Fair as a digital payment provider that allowed shoppers to pay for their purchases in a secure and convenient way via QRPh. 

The Momzilla Fair is an event that aims to provide moms with an avenue to discover businesses and brands catering to parents. The annual event attracts more than 200 MSMEs offering baby care products, most of which are mompreneurs, with thousands of visitors per exhibit. The event held last July 1 and 2 at The Fifth at Rockwell in Makati City is the third of five planned for this year.

“Momzilla is an event for moms, and we know how busy moms can be. By providing them with a more convenient cashless option to pay for their purchases, they won’t need to take time out of their busy schedules just to withdraw from an ATM or visit a bank branch,” said Kato Lim, Momzilla founder.

“But more than making life easier for the shopping moms, the partnership is also about empowering Filipino MSMEs through UnionBank’s superior digital banking capabilities, allowing them to digitize their business and maximize growth in today’s digital economy,” Jaypee Soliman, UnionBank’s Business Banking Head, added.

With the help of UnionBank, Momzilla merchants were able to collect payments from shoppers easily via QRPh. This also eliminated the problem of needing to give the exact change and ensured that every transaction is secure and accounted for. Shoppers in return were able to pay easily with the banking app or e-wallet of their choice, as QRPh accepts payments from a wide range of options.

UnionBank also had a booth during the event where customers were able to learn more about the Bank’s products and services and even digitally open their own bank account on the spot.

Aside from helping MSMEs thrive in the digital economy, UnionBank’s partnership with Momzilla is also part of its efforts to help promote the wider adoption of digital payments in the country in line with the Digital Payments Transformation Roadmap of the Bangko Sentral ng Pilipinas. This in turn is part of the Bank’s “Tech-Up Pilipinas” advocacy, which includes providing digital solutions to MSMEs and players in the retail segment.

For those who missed the last Momzilla Fair, there will be another exhibit on September 2 and 3, 2023 at The Fifth at Rockwell in Makati City. The last leg for the year will be held on November 18 and 19, 2023 at the SMX Aura in Bonifacio Global City in Taguig City.