HPS to Issue Filipino Digital Bank, UNObank’s Cards to Customers in Asia


The Bangko Sentral Ng Pilipinas has approved Singapore headquartered, UNOAsia to launch its full-spectrum digital bank, UNObank, in the Philippines. Following this news, UNObank has announced that its bank card will be issued by HPS‘s PowerCARD solution.

HPS will roll out its PowerCARD solution for UNObank as a service fully integrated in a robust digital technology ecosystem and hosted on Amazon Web Services.

In today’s crowded payments market, established card issuers and new digital banks require flexible, APIs driven and robust solutions that enable them to design unique user’s experiences in a digital ecosystem and scale in a fast, seamless and secure manner.

Abdeslam Alaoui Smaili CEO of HPS commented, “Our mission at HPS has always been to provide our clients with cutting edge payments technology, and to enable them to bring new products to the market with ease and efficiency. For this reason, we are beyond thrilled that PowerCARD has been chosen by UNObank to bridge the financial inclusion gap through one card that gives access to a full spectrum of banking services, and we look forward to being a part of its latest venture into the Filipino market. UNObank’s trust in HPS comforts us on the consistency of our development strategy in South East Asia.”

Manish Bhai CEO of UNOAsia said, “We have selected HPS’ PowerCARD solution because of their deep understanding of the challenges new market entrants are facing and their advanced, cloud-based technology. We are confident that HPS will help us achieve our goal of offering the Filipino public one app for all their financial needs, from savings to payments and investing.”

  • Francis is a junior journalist with a BA in Classical Civilization, he has a specialist interest in North and South America.