UnionBank of the Philippines’ UBX, an open finance platform, powers the mobile app of Aboitiz Power Corp. (AboitizPower), one of the country’s largest retail electricity companies, integrating digital payments for its customers.
AboitizPower will integrate BUx, an all-in-one payment solution platform developed by UBX, into its mobile application, MobileAP. The app is available for subscribers of AP distribution utilities such as Visayan Electric Company, Davao Light and Power Company, Cotabato Light and Power Company, and the Subic and Lima EnerZones.
Through this integration, customers will be able to pay their electricity bills online removing the long process of heading to service centers to settle their monthly dues. MobileAP empowers customers to remotely check their electricity bill for the past 12 months without going to outposts to check their status or waiting for the physical copy via mail.
“Our partnership, which leverages UBX’s open finance technology, brings this goal forward and provides customers the value of greater convenience,” said Jaime Garchitorena, managing director for Open Finance, UBX.
BUx unifies everything about payment collection channels into one platform: from card payments, online banking or bank transfers, and over-the-counter payments to e-wallets. With BUx, businesses can track all their transactions through real-time updates and notifications of credited funds through its best-in-class merchant dashboard.
“The future of our economy lies in digital payments,” Garchitorena said. “By collaborating with different industry players, we are helping the government achieve that goal.”
For download for both Apple and iOS devices, users can assess their power consumption and its monetary value through a chart tailored to their profile. They can download a PDF copy of their records with AP and manage multiple accounts in a single app.
MobileAP also features additional functions such as multiple DU registration, notifications and advisories, payment and consumption monitoring, payment center and service center look-up, and more to come, such as outage reporting.