SINGAPORE – United Abroad Bank (UOB) has launched a brand new partnership ecosystem, making it easier for purchasers to make funds on numerous apps and use rewards factors to offset their utility 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.
Which means prospects not have to key of their 16-digit card quantity, expiry date and card safety code manually.
As well as, new prospects will not want to attend for his or her credit score and debit playing cards to be delivered to them earlier than they will make purchases.
All UOB credit score and debit playing cards are mirrored on UOB Mighty as soon as the purposes for the playing cards have been accepted. Prospects merely have to log into the UOB Mighty app and select the cardboard they want to add on their most popular third-party app. They may then be robotically directed to the chosen app to substantiate their alternative.
Your entire course of could be accomplished inside seconds on their cell phones, stated the bank on Thursday (Sept 24).
Prospects can use this new service for Fitbit Pay for his or her UOB Visa playing cards from Thursday. The service may also 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 nationwide energy grid operator SP Group to permit prospects to offset their SP utility payments with the bank’s rewards factors, or UNI$.
By means of a UOB API utilized by SP Group, prospects merely want to decide on the choice of utilizing their UNI$ factors once they make fee on SP’s utilities app.
Prospects subsequently not have to redeem a voucher by the bank’s digital banking companies or wait seven working days to obtain and use the voucher.
UOB has additionally enabled prospects to redeem their rewards factors immediately on Singapore Airways’ KrisPay app. It stated it can progressively broaden its community of companions to convey comparable digital funds and rewards redemption options to extra prospects.
UOB head of group private monetary companies Jacquelyn Tan stated: “Whether or not our prospects are banking on our cellular banking app UOB Mighty or making funds on our companions’ apps, our purpose is to create an intuitive expertise and to take away any disruptions or detours to their digital journey.”
Mr Kunal Chatterjee, Visa nation supervisor for Singapore and Brunei, famous that UOB is its first companion globally to launch Visa’s API initiative with Fitbit Pay.
“As we proceed so as to add new wallets and retailers to the ecosystem, Visa cardholders will be capable to handle their digital credentials seamlessly and centrally from UOB Mighty, creating an improved and safer expertise,” he stated.
Mr Wong Yu Hsiang, SP Group’s head (merchandise, gross sales and advertising and marketing) of SP Digital, stated the corporate’s collaboration with UOB is an addition to its suite of options on the app for purchasers to observe their consumption and handle their payments conveniently.
The corporate has greater than 700,000 households utilizing the SP Utilities app to handle their utility payments.
Mr Wong added: “We may also allow extra choices to convey higher comfort to our prospects quickly.”
