Union Bank of the Philippines (UnionBank) users may soon get to trade Bitcoin through their mobile app as soon as the final quarter of 2023.

The&nbsp;<a href="https://www.rappler.com/business/unionbank-earnings-report-q1-2023/">Aboitiz-led</a>&nbsp;bank announced on Tuesday, September 19, that it has secured a certificate of authority from the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP). This means that it can now offer virtual asset exchange services – like trading cryptocurrency – to its customers.

The central bank defines a&nbsp;<a href="https://www.bsp.gov.ph/Regulations/Issuances/2021/1108.pdf" target="_blank">virtual asset</a>&nbsp;as “any type of digital unit that can be digitally traded, or transferred, and can be used for payment or investment purposes.” In the Philippines, financial institutions must obtain a VASP certificate from the BSP before handling virtual assets for customers.

In the case of UnionBank, it is so far the&nbsp;<a href="https://www.bsp.gov.ph/Lists/Directories/Attachments/19/VASP.pdf" target="_blank">first and only bank</a>&nbsp;in the Philippines to offer virtual exchange services. Other financial institutions with the VASP license include coins.ph, Philippine Digital Asset Exchange, and Maya.

<h1>UnionBank to offer mobile crypto trading in Q4 2023</h1>Union Bank of the Philippines (UnionBank) users may soon get to trade Bitcoin through their mobile app as soon as the final quarter of 2023.The&nbsp;<a href="https://www.rappler.com/business/unionbank-earnings-report-q1-2023/">Aboitiz-led</a>&nbsp;bank announced on Tuesday, September 19, that it has secured a certificate of authority from the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP). This means that it can now offer virtual asset exchange services – like trading cryptocurrency – to its customers.The central bank defines a&nbsp;<a href="https://www.bsp.gov.ph/Regulations/Issuances/2021/1108.pdf" target="_blank">virtual asset</a>&nbsp;as “any type of digital unit that can be digitally traded, or transferred, and can be used for payment or investment purposes.” In the Philippines, financial institutions must obtain a VASP certificate from the BSP before handling virtual assets for customers.In the case of UnionBank, it is so far the&nbsp;<a href="https://www.bsp.gov.ph/Lists/Directories/Attachments/19/VASP.pdf" target="_blank">first and only bank</a>&nbsp;in the Philippines to offer virtual exchange services. Other financial institutions with the VASP license include coins.ph, Philippine Digital Asset Exchange, and Maya.

Banks / Credit unions

Cryptocurrency

UnionBank to offer mobile crypto trading in Q4 2023

&nbsp; Union Bank of the Philippines (UnionBank) Mastercard credit cardholders, this is for you! UnionBank has&nbsp; teamed up with BMW for a Mastercard-exclusive raffle that is sure to enhance your credit card usage.&nbsp; Through this UnionBank Mastercard promo, cardholders can get a chance to drive home a brand-new 2023&nbsp; BMW X1 simply by using their UnionBank Mastercard credit card!&nbsp;&nbsp;

Every P20,000 accumulated spend (from straight local or forex retail, bills payment, and installment&nbsp; transactions) earns five (5) raffle entries for a chance to win a brand-new 2023 BMW X1. Also, card&nbsp; transactions for grocery, gas, pharmacy, and utility bills have never been more rewarding, as cardholders can&nbsp; also win exciting eGCs through the promo’s official scratch game. Simply using their UnionBank Mastercard&nbsp; for every straight local or forex retail, bills payment, and installment transaction with a minimum amount&nbsp; spend of P200, gets cardholders an electronic scratch card for this game.&nbsp;&nbsp;

“Delighting customers at every turn is something that we at UnionBank are always very excited about, and&nbsp; the same can be said for BMW.” said UnionBank’s Cards and Loans Director, Vishal Kadian.&nbsp;&nbsp;

“More importantly, this collaboration is another way for the Bank to deliver a more rewarding experience&nbsp; when using the UnionBank Mastercard credit card, making every spend more enriching for customers.”&nbsp; concluded Kadian.&nbsp;&nbsp;

The promo is open to all active and existing principal UnionBank Mastercard credit cardholders who are in&nbsp; good credit standing. For details on how to qualify for the promo and other related information, visit&nbsp; www.unionbankph.com/bmw. Only successfully registered accounts will qualify.&nbsp;&nbsp;

The registration period is from August 1, 2023 to November 29, 2023, while the spend period is from August&nbsp; 2, 2023 to November 30, 2023. The raffle draw will be on December 12, 2023.&nbsp;&nbsp;

Keep using your UnionBank Mastercard credit card for more rewarding spends, and you could win a 2023&nbsp; BMW X1!&nbsp;

<h1>Your UnionBank Mastercard may be the key to a brand-new BMW </h1>&nbsp; Union Bank of the Philippines (UnionBank) Mastercard credit cardholders, this is for you! UnionBank has&nbsp; teamed up with BMW for a Mastercard-exclusive raffle that is sure to enhance your credit card usage.&nbsp; Through this UnionBank Mastercard promo, cardholders can get a chance to drive home a brand-new 2023&nbsp; BMW X1 simply by using their UnionBank Mastercard credit card!&nbsp;&nbsp;Every P20,000 accumulated spend (from straight local or forex retail, bills payment, and installment&nbsp; transactions) earns five (5) raffle entries for a chance to win a brand-new 2023 BMW X1. Also, card&nbsp; transactions for grocery, gas, pharmacy, and utility bills have never been more rewarding, as cardholders can&nbsp; also win exciting eGCs through the promo’s official scratch game. Simply using their UnionBank Mastercard&nbsp; for every straight local or forex retail, bills payment, and installment transaction with a minimum amount&nbsp; spend of P200, gets cardholders an electronic scratch card for this game.&nbsp;&nbsp;“Delighting customers at every turn is something that we at UnionBank are always very excited about, and&nbsp; the same can be said for BMW.” said UnionBank’s Cards and Loans Director, Vishal Kadian.&nbsp;&nbsp;“More importantly, this collaboration is another way for the Bank to deliver a more rewarding experience&nbsp; when using the UnionBank Mastercard credit card, making every spend more enriching for customers.”&nbsp; concluded Kadian.&nbsp;&nbsp;<img style="max-width:100%;height:auto;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/0deedae29bd8298a0b52bba876840817a06e0c644d3dbbd8b6fe4fe1b5bd987e/UBPRSAMOASigning-58-768x512.jpg" alt="Image"/>The promo is open to all active and existing principal UnionBank Mastercard credit cardholders who are in&nbsp; good credit standing. For details on how to qualify for the promo and other related information, visit&nbsp; www.unionbankph.com/bmw. Only successfully registered accounts will qualify.&nbsp;&nbsp;The registration period is from August 1, 2023 to November 29, 2023, while the spend period is from August&nbsp; 2, 2023 to November 30, 2023. The raffle draw will be on December 12, 2023.&nbsp;&nbsp;Keep using your UnionBank Mastercard credit card for more rewarding spends, and you could win a 2023&nbsp; BMW X1!&nbsp;

Advertising / Promotion / PR

Your UnionBank Mastercard may be the key to a brand-new BMW  

HR / Recruitment

Skin care / Cosmetics / Hair products

Internet service

Film / Drama

Magazines / Books / Publications

Marketing / Research

Diet / Health food / Supplement

Childbirth / Childcare

Interior / Furniture / Storage

Mobile device

Servers / Peripherals

Network / Network Equipment

System / Website / Application development

Electronic components / Semiconductors / Electrical equipment

Department stores / Supermarkets / Convenience stores / Stores

Wholeseller

Manga / Anime

Arcade Game

Toys / Playsets / Dolls

Car / Car Supplies

Motorcycles / Motorcycle Supplies

Daily necessities / Household goods

Garden / DIY

Shoes / Bags

Jewelry / Accessories

Kids / Baby / Maternity

Food / Sweets

Soft Drinks / Alcoholic drinks

Restaurant / Fast food / Streetfood

Eating at home / Delivery

Fitness / Healthcare

Medical / Hospital

Pharmaceuticals

Pets / Pet Supplies

Gifts / Flowers

Love / Marriage

Funeral

Hotels / inns

Travel / Sightseeing

Theme Park / Amusement park

Residential / Condominium

Commercial facilities / Office buildings

Architecture / Space design

Construction / Civil engineering

Sales

Management Consulting

Think tank

Legal / Patent / Intellectual Property

Logistics / Warehouse / Cargo

Steel / Metal / Glass / Earth / Stone / Rubber

Chemistry

Electricity / Gas / Resources / Energy

Nature / Weather

School / University

Cram school / Preparatory school / Online education

Life insurance / Non-life insurance

Mobile app

Mobile games

Cooking / Home appliances

Health and Beauty appliances

Application

Ladies' Fashion

Men's Fashion

Accounting

Environment / SGDs / Recycling

International activity

Full time job / Part-time job / Career

E-commerce

Music

Internet Service Provider / Line connection

Camera

AV equipment

Consumer Games

Outdoors / Mountain Climbing

Welfare / Nursing / Rehabilitation

Qualifications / Study Abroad / Language

Childcare / Early childhood education

Credit card / Loan

Securities / FX / Investment Trusts

Moving

Politics / Government / Local government

Volunteer

Agriculture / Forestry / Fisheries

Bicycle / Bicycle Supplies

Female Related

Venture Capitals

Coaching / Mentoring / Consultation

Automotive / Motorcycle / Bicycle

Automotive / Automotive Supplies

Interior / Goods

Real Estate / Architecture / Construction

Software

Blockchain / Web3

Security

Telecommunications / VoIP

Show Business

Comedy

Financial results announcement

Finance