Union Bank of the Philippines (UnionBank) is a very go-getter type of bank when it comes to adapting technology for its processes, and in light of the coronavirus, it's taking mobile banking in a slightly different direction by literally bringing the bank to its customers.
UnionBank announced it was rolling out "the country’s first-ever 5G mobile banking kiosk" to serve customers in various areas in Metro Manila during the enhanced community quarantine brought about by the coronavirus pandemic.
Revealed earlier in March, UnionBank's "Bank on Wheels" is a 5G-powered, airconditioned banking kiosk in a mobile van. Bank customers can take advantage of some of the bank's services – namely making balance inquiries, withdrawals, bills payments, fund transfers, as well as opening accounts – without needing to leave their communities to find a branch that's open.
The accessibility will help people who may not have been able to download or prep their banking applications ahead of the coronavirus lockdown.
The bank uses 5G technology, allowing customers to have reliable connectivity during their banking procedures, while also having high bandwidth to support transactions.
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