By The Financial District
Apr 20, 20232 min
In a game-changing partnership, UnionBank of the Philippines’ UBX has teamed up with Aboitiz Power Corporation (AboitizPower), one of the country’s biggest retail electricity companies, to bring greater convenience to its customers through digital payments.
Photo Insert: Customers of AboitizPower's distribution utilities can now conveniently pay their electricity bills online through the MobileAP app, powered by UBX, the leading Open Finance platform in the Philippines.
UBX’s leading Open Finance platform in the Philippines will power AboitizPower's mobile app, MobileAP, integrating its all-in-one payment solution platform, BUx, to enable easy online payment of electricity bills.
Subscribers of AboitizPower's distribution utilities, including Visayan Electric Company, Davao Light and Power Company, Cotabato Light and Power Company, and the Subic and Lima EnerZones, can now enjoy the convenience of paying their electricity bills online through the app, 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.
The app also allows users to 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.
Jaime Garchitorena, UBX Managing Director for Open Finance, said, “UBX and AP share a steadfast commitment to promoting inclusion by providing wider access to services – be it finance or power. Our partnership, which leverages UBX’s open finance technology, brings this goal forward and provides customers the value of greater convenience.”
With UBX, businesses can track all their transactions through real-time updates and notifications of credited funds through its best-in-class merchant dashboard. This one-stop app is the future of the economy, as digital payments are increasingly becoming the norm.
The Bangko Sentral ng Pilipinas (BSP) made it a mission to have 70% of Filipino adults involved in the financial system by transforming 50% of the total volume of retail payments into digital.
By collaborating with different industry players, UBX and AboitizPower are helping the government achieve that goal.
Arnold Villanueva, AboitizPower Distribution Utilities Assistant Vice President, and Bills-to-Cash Head, said, “Thanks to UBX, we can bolster MobileAP by making it a one-stop app where our subscribers can do everything from getting updates about our services to checking their billing information to bill payment. Aside from improving their convenience, we honor our customers’ trust by providing them with transparency that only BUx, as a payments solution, can provide.”
AboitizPower is one of the largest electricity providers in the country with a balanced mix portfolio of power generation, distribution, and retail electricity services. The company’s mission is to provide reliable energy at reasonable prices while pursuing sustainable solutions to help reduce the adverse effects on the environment.