The collection capabilities of various entities like Non-Government Organizations (NGOs), religious groups, foundations and even schools took a big hit during this pandemic that has dragged on for months now.
This became a cause for concern of these entities since financial transactions have been slowed down or put on hold since most banks were closed during the community quarantine.
Realizing this dilemma, UnionBank of the Philippines decided to make everything digital through UShare, which digitizes foundations, non-profit groups, academic institutions and faith-based organization segment. The UShare digital collection solution is powered by the bank’s payment gateway e-commerce platform.
Since 2011, UShare has enabled organizations to digitize their payments and donations and most recently, it made significant impact for NGOs at the forefront of the COVID-19 pandemic. As more institutions demanded online and contactless transactions for their safety, UShare provided these opportunities to digitize collections so organizations can sustain operations and relief programs amidst continuous community quarantines. UShare also extends financial solutions to educational institutions by offering a secured and convenient platform to collect tuition fees and other payments.
“UnionBank is a firm believer in the sense of community. Through UShare, we ensure non-profits, schools and universities have access to digital tools that empower them to best serve their communities,” said Arvie de Vera, UnionBank Senior Vice President and Fintech Group Head. “Community transformation is a team effort and we are committed to supporting organizations by providing them with robust and innovative payment solutions.”
Through UShare, NGOs, religious groups and academic institutions gain access to an affordable financial management platform that can integrate with websites and online platforms. This allows them to easily receive and manage donations and payments from local and overseas donors. Moreover, with UShare’s enhanced payment facility, donors and payees will even have more payment options. These enhancements will be made available throughout the year.
UShare clients like Victory Christian Fellowship- Dumaguete, one of the first UShare clients on the enhanced platform, now have access to a robust, transparent and secure payment facility that can handle greater volume and have more payment options including transactions using any Visa or Mastercard Credit/Debit Card.
Schools and universities such as De La Salle – College of Saint Benilde (DLS-CSB) was also enabled by UShare to accept tuition fees online for this school year. This allowed DLS-CSB to provide their students a safe, convenient and efficient means of settling tuition payments while observing the community quarantine and social distancing protocols. “Ushare facility is an exciting way of navigating through this difficult period of pandemic. It offers a convenient platform to process disbursement transactions allowing us to continue with our business even as we are all working from home. We hope to explore other facilities covered by Ushare,” said Laarni San Juan, DLS-CSB Controller of Finance.