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UnionBank, Lazada partner to launch Quick Gives

UNION BANK of the Philippines (UnionBank) and Lazada Philippines (Lazada) recently signed a memorandum of agreement (MOA) for Quick Gives to offer more flexibility in payment methods for UnionBank payroll customers on the Lazada app.

The Quick Gives program would provide loans to preselected UnionBank payroll accounts, currently accessible through a microsite. These quick loans would be approved in real-time and disbursed to the borrower's Lazada Wallet within two days or less.