BDO Unibank powers smarter, next-generation payments with Finastra

With modern Global PAYplus, BDO is enabling cost efficient modernization, greater automation, and more innovative and flexible payment services for customers

MANILA, Philippines, Oct. 6, 2026 /PRNewswire/ -- Finastra, a global leader in financial services software, today announced that BDO Unibank, Inc. (BDO) has enhanced its payments infrastructure with Finastra's modern Global PAYplus (GPP), reinforcing the bank's ability to support growing transaction volumes, strengthen operational resilience, and advance interoperability across the payments ecosystem.

As a leading universal bank in the Philippines, BDO serves retail, commercial, and institutional clients across a broad range of banking and financial services. The bank also supports correspondent banking and fintech partners with payment distribution capabilities into the Philippine market.

The deployment of GPP's high-value and mass-payments capabilities provides a scalable foundation for current and future payment requirements. BDO currently utilizes the platform for Swift and inbound PESONet processing and is the largest commercial bank in the Philippines leveraging GPP.

With GPP, the bank benefits from greater automation, flexible rule-based payment processing, and improved operational efficiency, while gaining the agility to support evolving industry standards such as ISO 20022 and connect to new domestic and cross-border payment networks as they emerge.

"Payments are a critical enabler of commerce and economic activity, making resilient and scalable infrastructure increasingly important," said Carlo B. Nazareno, head of Cash Management Services at BDO. "By enhancing our payments architecture with Finastra's Global PAYplus, we have strengthened our ability to support growing transaction volumes, improve operational efficiency, and adapt to evolving market requirements. This provides a strong foundation for delivering a seamless client experience today while supporting future innovation across the payments ecosystem."

"Banks around the world are under growing pressure to deliver payment experiences that are immediate, reliable, and tailored to increasingly diverse customer needs," said Radha Suvarna, Chief Product Officer of Payments at Finastra. "By bringing high-value and mass-payments processing together on Global PAYplus, BDO is reducing complexity while creating a more flexible foundation for innovation. We are proud to support the bank as it advances its payments capabilities and expands the services it can provide to customers. Our partnership demonstrates both the international capabilities of our solution, as well as our commitment to supporting banks with complex requirements, including multiple clearing systems and nuanced corporate client needs."

This approach reflects a broader shift in the industry toward unified, AI-enabled payment hubs that consolidate and orchestrate multiple rails. It also reflects the importance of cloud-native, API-enabled architecture, ISO 20022 support, and intelligent operations as important foundations for payments innovation, operational efficiency, and faster time to market.

To learn more visit: Finastra's Global PAYplus solution | Finastra.

About Finastra

Finastra provides the mission-critical software that powers thousands of financial institutions in more than 100 countries - including many of the world's leading banks. Its technology helps financial institutions move money as well as extend and service loans that financial services businesses and consumers rely on every day. Backed by Vista Equity Partners, Finastra combines deep financial services expertise with secure, reliable, and scalable technology to help customers modernize operations, accelerate innovation, and grow their businesses in a rapidly evolving industry.

Visit Finastra or follow Finastra on LinkedIn.

About BDO

BDO Unibank, Inc. (BDO) is a full-service universal bank which provides a wide range of corporate and retail services such as loan and deposit products, treasury, trust banking, investment banking, private banking, thrift banking and microfinance, cash management, leasing and finance, remittance, life insurance, property & casualty insurance brokerage, cash cards, credit cards, and online and non-online stock brokerage services. BDO has the country's largest distribution network, with over 2,000 consolidated operating branches and more than 7,900 teller machines nationwide. It also has 13 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America and the Middle East.

For more information, please visit www.bdo.com.ph.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/bdo-unibank-powers-smarter-next-generation-payments-with-finastra-302899283.html

SOURCE Finastra