Executives of Union Bank of the Philippines (UBP) and Data Analytics Ventures Inc. (Davi) expect credit card usage in the Philippines is experiencing a boom due to “revenge shopping” and consumers having better means of earning.
EXECUTIVES of Union Bank of the Philippines and Data Analytics Ventures Inc. expect credit card usage in the Philippines is experiencing a boom due to “revenge shopping” and consumers having better means of earning.
Vishal Kadian who heads UBP’s credit cards and personal loans unit, said they expect the partnership would expand the coverage of the market “as digital shopping continues to be embraced by millions of Filipinos, particularly those belonging to the generations Y and Z.” Deng said the partnership between Davi, a subsidiary of JG Summit Holdings Inc., and Aboitiz-controlled UBO “will bring great synergy to the two companies as they can share their best practices.”
According to Deng, for every P200 purchase would give one point to a buyer using the “UBP Go Rewards” credit card. Platinum cardholders are given one point for every P100 spent. She said these points can be used to redeem free items or services such as flight tickets and those offered exclusively by card partners. She added the points can also be used to pay for purchases at Robinsons Retail stores, with each point equivalent to a peso.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Al Amanah Islamic Bank: Leading the path of Islamic banking in the PhilippinesMSSpotlight: A future-ready Philippines: Digital, Sustainable, Inclusive Al Amanah Islamic Bank: Leading the path of Islamic banking in the Philippines
Read more »
Ad agency apologizes to DOT; admits using stock footage in ‘Love the Philippines’ videoDDB Philippines, the agency that prepared and published the “Love the Philippines” tourism promotion video, apologized to the DOT for including stock footage clips of other countries in its audio-visual presentation. | FArgosinoINQ
Read more »
Ad agency apologizes to DOT; admits using stock footage in ‘Love the Philippines’ videoMANILA, Philippines — DDB Philippines, the agency that prepared and published the “Love the Philippines” tourism promotion video, apologized on Sunday to the Department of Tourism (DOT) for including stock f... CDNDigital
Read more »
Ad firm admits ‘foreign stock footage’ used in PH promoAdvertising agency DDB Philippines apologized to Tourism Secretary Christina Frasco and the public for using “non-original/stock footage” of travel destinations in other countries for the 'Love the Philippines' campaign’s promotional video.
Read more »
Press freedom in PHL: Challenges, impact, and way forwardListen to this episode from BusinessWorld B-Side on Spotify. The Philippines needs to work on ensuring the safety and freedom of journalists to report reliable developments on national issues, despite its improved world press freedom ranking in six years, the National Union of Journalists of the Philippines (NUJP) said. In this B-Side episode, NUJP Chairperson Jonathan de Santos discusses the current roadblocks to a free press in the Philippines and its potential impact on investors and the economy with BusinessWorld reporter John Victor D. Ordoñez.
Read more »
Philippines, ADB sign $1 billion loan for Davao City public transport modernizationThe Philippine government and the Asian Development Bank (ADB) on Saturday signed a $1-billion loan agreement for the Davao Public Transport Modernization Project (DPTM).
Read more »