UNIONBANK of the Philippines announced that it has digitally transformed its Supply Chain Finance solution platform to simplify operations and financial management across their supply chain ecosystems.
The bank said the platform allows it to lend to MSMEs and to the agriculture industry, which is required by the Philippine government among local banks. Since the platform has made collection directly to their SCF line, it eliminates the need for Pilmico to verify customer direct deposits and request for payment invoice application details.
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