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Wednesday, November 17, 2021

UnionBank Critical Role of Digitizing Payments in Fast Evolving Market

“Cybersecurity is a shared responsibility. With this partnership with KBP, we are able to keep the public informed and educated on the latest trends and scenarios on cybercrime, considering the growing threats of cybercriminals. They have clearly stepped up their game as they try to take advantage of the rapid online migration of essential activities amid COVID-19 pandemic. The Philippines is currently a cybercrime hotspot, underscoring the need to increase awareness and vigilance against the increasing prevalence of cybercrime in the country. The BAP, together with its partners, will work towards equipping Filipinos with the necessary information and tools they need to stop cybercriminals from harming the public and stealing their hard-earned money~Wick Veloso, BAP President
UnionBank Critical Role of Digitizing Payments in Fast Evolving Market


Union Bank of the Philippines 12th E-Media TalkTales to how the UnionBank SME Business Banking helps MSMEs jumpstart their business through UPAY, their all in one fully integrated payment acceptance hub. The Bankers Association of the Philippines (“BAP”) launched its Anti-Scam Campaign, a wide-ranging information campaign undertaken with various partners that aims to promote cybersecurity, cybersafety, and awareness among the Filipino banking public.


Key officials of the BAP and KBP show the heart symbol, which also appears as an "X", to demonstrate their commitment to help protect consumers against cyber fraud through the CybersecurityX program. 

As such, the BAP signed a Memorandum of Understanding (MOU) with the Kapisanan ng mga Brodkaster ng Pilipinas (KBP) to help disseminate information on cybersecurity and data protection. A MOU signing with the Department of Justice (DOJ) will also take place, with the partnership aiming to train cybercrime enforcers and prosecutors in holding cybercriminals accountable for their actions.
From left, 1st row: BAP Cybersecurity Committee Vice Chair Ramon L. Jocson, BAP President Jose Arnulfo “Wick” Veloso, and BAP Cybersecurity Committee Chair Edwin R. Bautista; 2nd row, BAP Executive Director Benjamin P. Castillo, KBP Chairman Ruperto “Jun” S. Nicdao, Jr., and KBP EVP Noel C. Galvez; 3rd row, KBP President Herman Z. Basbaño


UnionBank Critical Role of Digitizing Payments in Fast Evolving Market

UnionBank Critical Role of Digitizing Payments in Fast Evolving Market

UnionBank Critical Role of Digitizing Payments in Fast Evolving Market

UnionBank Critical Role of Digitizing Payments in Fast Evolving Market

UnionBank Critical Role of Digitizing Payments in Fast Evolving Market

UnionBank Critical Role of Digitizing Payments in Fast Evolving Market

UnionBank Critical Role of Digitizing Payments in Fast Evolving Market

“We believe that this collaboration project will result in a more intensive consumer awareness and education as a strong first line of defense against cyber threats.” ~Jun Nicdao, KBP Chairman
Study shows cashless habits are forming across the globe with 42 percent of Filipino  respondents saying they prefer paying with cashless methods. The launch is in line with the commemoration of the International Fraud Awareness Week, which highlights the importance of cybersecurity and cyber education in the lives of citizens throughout the world.

The BAP is partnering with various stakeholders, such as social media influencers, government agencies, and the media, in its wide-ranging efforts to promote cybersecurity awareness throughout the Philippines.


UnionBank Critical Role of Digitizing Payments in Fast Evolving Market

UnionBank Critical Role of Digitizing Payments in Fast Evolving Market

UnionBank Critical Role of Digitizing Payments in Fast Evolving Market

UnionBank Critical Role of Digitizing Payments in Fast Evolving Market

UnionBank Critical Role of Digitizing Payments in Fast Evolving Market


The Bank Marketing Association of the Philippines (BMAP) will also be the official partner in unifying the execution of the Anti-Scam campaign on social media by BAP’s member-banks.

In addition to that, the BAP launched the BAP #Cybersafe Facebook page on November 14. This aims to raise awareness on cybersecurity by urging the public to stay vigilant against various types of cyberattacks.

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