United Abroad Bank (UOB) has launched a brand new partnership ecosystem, making it less complicated for purchasers to make funds on varied apps and use rewards factors to offset their utilities payments.
The bank has partnered Visa to make use of a brand new Visa software programming interface (API) that permits prospects so as to add their Visa credit score and debit playing cards securely into third-party apps utilizing the UOB Mighty cellular banking app, with out the necessity for a bodily card.
Because of this prospects not must manually key of their 16-digit card quantity, expiry date and card safety code. As well as, new prospects will not want to attend for his or her credit score or debit playing cards to be delivered to them earlier than they’ll make purchases.
All UOB credit score and debit playing cards shall be mirrored on the UOB Mighty app as soon as the cardboard functions have been accredited. Clients merely must log in to the app and select the cardboard they want to add to their most popular third-party app.
They’ll then be robotically directed to the chosen app to verify their selection.
Your complete course of will be accomplished inside seconds on their cell phones, UOB mentioned yesterday.
From yesterday, prospects might use this new service on Fitbit Pay with their UOB Visa playing cards. It’ll even be out there on the Fave, Seize and Shopee apps for UOB Visa and Mastercard playing cards within the coming months.
UOB has additionally partnered power utilities firm SP Group to permit prospects to offset their SP utilities payments, utilizing the bank’s rewards factors, or UNI$. Via a UOB API utilized by SP, prospects merely want to decide on the choice of utilizing their UNI$ factors once they make cost on SP’s utilities app.
Clients subsequently not must redeem a voucher by means of the bank’s digital banking companies or wait seven working days to obtain and use the voucher.
They will additionally now immediately redeem their rewards factors on Singapore Airways’ KrisPay app.
The bank mentioned it can progressively increase its community of companions to carry comparable digital funds and rewards redemption options to extra prospects.
UOB head of group private monetary companies Jacquelyn Tan mentioned: “Whether or not our prospects are banking on UOB Mighty or making funds on our companions’ apps, our intention is to create an intuitive expertise and to take away any disruptions or detours to their digital journey.”
Mr Wong Yu Hsiang, head (merchandise, gross sales and advertising and marketing) of SP Digital, mentioned the corporate’s collaboration with UOB provides to the suite of options on its SP Utilities app.
Greater than 700,000 households use SP’s app to handle their utilities payments and to observe their electrical energy consumption.