Qorus Banking Innovation Awards 2023

UNO Digital Bank pioneers solutions to help the underserved bank formally

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UNO Digital Bank

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19/09/2023 Banking Innovation

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To help overcome the challenges faced by the unbanked and underbanked in the Philippines, UNO Digital Bank tackled head on the issues faced by such consumers to enable them to bank formally. The result of innovation was three kye products that helped bridge the cost of banking, the Know Your Customer requirements, the amount required for the initial deposit, enabling them to maintain a balance and attractive interest rates. #UNOready is a savings account with no minimum deposit and maintaining balance that offers daily interest crediting. #UNOearn, is a time deposit account and the first in the Philippines to offer a monthly interest payout. And #UNOboost was specially created to attract customers new to placing time deposits who may not want to commit to long tenure.

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