Union Bank of the Philippines, through EON, partners with Artificial Intelligence Payment Gateway Online (AiPayGo) to enhance EON’s banking technology by leveraging AiPayGo’s global fintech expertise and mobile technology solutions.
The partnership between AiPayGo and EON also gives AiPayGo the ability to roll-out various cashless payment technologies for various verticals like its ride-hailing app for tricycles called “TriC,” which is now being tested in various cities as a result of the Department of Transportation’s cashless initiative for public transportation.
AiPayGo will also introduce PhonePera and EON to the real estate industry via an AiPayGo client, RealMark Property, who will now be providing a true end-to-end online buying and renting for all types of properties.
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“Beyond payments, we work towards the financial well-being of our customers. If our customers need money to achieve their life goals, we are ready to lend and extend a lifeline. Harnessing AiPayGo’s technological capabilities and our lending expertise, we are confident to deliver on our promise,” said Paolo Baltao, SVP and head of EON Banking Group.
“One of our solutions, PhonePera, is designed to serve Filipinos most especially the unbanked. After a careful analysis of the solutions available in the market in line with PhonePera’s objectives, I truly believe EON has the expertise and would be the ideal partner for AiPayGo in the Philippines,” said Randy Prado, CEO at AiPayGo. “We will provide EON accounts in our projects with local government units for disbursements of cash assistance to citizens, as well as the digitization of transportation for a cashless commute.”
Once AiPayGo’s eWallet PhonePera becomes widely accepted in the Philippines, Filipinos in North America and in other countries where AiPayGo is available will be able to send and receive money, eWallet to eWallet as well as pay bills directly in the Philippines.
“It is our intention to expand the offering by productizing UnionBank’s suite of Personal and Property Loan products, so that people can have a truly digital experience in searching, requesting for a pre-loan approval, before making an offer online for their dream home all by using the PhonePera app to apply for a loan after finding the property they like on the RealMark Property website,” Pardo said.