Kicks off by providing EON accounts for Cash Relief Disbursement and Cashless Commute
Union Bank of the Philippines, through EON, has entered into a partnership with Artificial Intelligence Payment Gateway Online (AiPayGo) to enhance EON’s award-winning banking technology by leveraging on AiPayGo’s global fintech expertise and mobile technology solutions.
“With so many banking apps out there, customers are looking beyond payments and yearn for one that would help them achieve their life goals and aspirations. “To commence our partnership, 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.”
The alliance between AiPayGo and EON is not confined to technology sharing between the two organizations, but it gives AiPayGo the ability to roll-out various cashless payment technologies for various verticals like “TriC”, its ride-hailing app for tricycles. 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. 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”.
Dennis Gross, AiPayGo’s New York-based Chairman also added: “once AiPayGo’s eWallet PhonePera becomes widely accepted in the Philippines, Filipinos residing and working in North America or in other countries where AiPayGo will have a presence for that matter, will be able to send and receive money, eWallet to eWallet as well as pay bills directly in the Philippines.”
Paolo Baltao Senior Vice President and EON Banking Group Head and
Kimberly Espiritu, AVP & Communities and Linkages Head, EON Banking Group
About EON
EON aims to become the preferred bank for the broader mass market. Currently, it offers a suite of deposits, loans, and payment products, digitally through its website and EON Bank PH app, complemented by co-branding partnerships and agent branches nationwide, backed by the strength and stability of Union Bank of the Philippines.
About AiPayGo
AiPayGo Inc. was established in 2018 by Republisys Inc., a decade old, Australian based startup incubator-accelerator with a vision to use superior innovation to serve the unbanked and the underserved population. The company was initially formed through a merger of several well-established domestic and international financial sector service providers. AiPayGo’s business model was strategically developed in the Philippines, from pre-start-up to internationalization by simply modeling it to follow the migration path of Filipinos overseas, Filipinos that permanently migrated and left the country for good as well as the millions of contractual workers toiling away to support their loved ones back home. Thanks to social media and the power of mobile apps, AiPayGo aims to financially connect almost every Filipinos not just locally, but also with those around the world. With PhonePera’s eWallet loading capabilities in almost every major sending hub, it puts AiPayGo in a very good position to capture a sizeable amount of the local bills payment and remittance market on the back of Filipinos’ adoption overseas to begin with.
