UNION Bank of the Philippines (UnionBank) will be integrating its e-commerce payment gateway and other digital financial services into the XLOG logistics platform developed by Shiptek Solutions Corp. after it acquired a 30-percent stake in the Filipino technology solutions firm through a deal signed on Wednesday.

The stake — which UnionBank purchased through its subsidiary UBX — is equal to 52,374,553 Shiptek common shares at P1.53 each or about P80.3 million in total.