SBI Holdings Invests In UBX For PH Digital Growth

SBI Holdings Inc., a Tokyo-based financial services conglomerate, has recently acquired a minority stake in UBX, the fintech arm of UnionBank of the Philippines, as it aims to drive digital transformation in one of Southeast Asia’s fastest-growing markets.

Accelerating Fintech Growth in the Philippines: With SBI Holdings' support, UBX is poised to lead the charge in fintech innovations, helping create a more inclusive financial ecosystem for businesses and consumers in the Philippines. | Image: UBX

This strategic investment will enable both companies to collaborate on innovative digital solutions tailored to the evolving needs of Philippine enterprises.

UBX, known for its commitment to delivering advanced digital services to businesses, financial institutions, and the government, will leverage the new capital to expand its footprint.

The partnership will accelerate the development of cutting-edge financial and digital solutions, addressing the rising demand for digital services in the country.

“We see immense potential in the Philippine market, one of the fastest-growing economies in the region. Our investment in UBX reflects our belief and confidence in UnionBank’s innovative approach to digital transformation,” said Yoshitaka Kitao, President of SBI Holdings.

UBX President & CEO John Januszczak welcomed the investment, stating, “The collaboration with SBI Holdings will allow us to combine our local expertise with their vast experience in digital finance, enabling us to develop impactful, scalable solutions for the Philippine market.”

Mario Domingo, Global Chief Technology Officer of UBX, added, “This partnership will drive exciting fintech innovations, fostering inclusivity and supporting nation-building efforts.”

The alliance between UBX and SBI Holdings not only strengthens UBX’s position as a leader in digital transformation but also opens up new business opportunities for SBI Holdings in the burgeoning Philippine market.