• About
  • Advertise
  • Privacy & Policy
  • Contact
Saudia Times
Advertisement
  • Home
  • Africa
  • Business
  • Europe
  • Finance
  • latest news
  • Middle East
  • Politics
No Result
View All Result
  • Home
  • Africa
  • Business
  • Europe
  • Finance
  • latest news
  • Middle East
  • Politics
No Result
View All Result
Saudia Times
No Result
View All Result
Home Finance

UOB launches partnership network to simplify digital payments, rewards redemption

admin by admin
September 24, 2020
in Finance
0
UOB launches partnership network to simplify digital payments, rewards redemption
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Thu, Sep 24, 2020 – 2:20 PM

UOB has created a partnership ecosystem, which includes Visa, SP Group and Grab among others, to simplify digital payments and the rewards redemption process for its customers.

In a statement on Thursday, the bank said it has teamed up with Visa to tap a new Visa application programming interface (API) which enables customers to add their Visa credit and debit cards securely into popular apps using the bank's mobile banking app, UOB Mighty, without the need for a physical card.

This means that customers no longer need to key in their 16-digit card number, expiry date and card security code manually or if they are a new customer, to wait for their credit and debit cards to be delivered to them before they can pay with their card.

As all UOB credit and debit cards are reflected on UOB Mighty once the application has been approved, customers need to log into UOB Mighty and choose the card to add on their preferred third-party app. They are then automatically directed to the selected app to confirm.

This process can be completed within seconds, said the bank.

Stay updated with
BT newsletters

Customers are now able to use this new service for Fitbit Pay for their UOB Visa cards. This will be available on Fave, Grab and Shopee's apps as well as for UOB Mastercard cards in the coming months.

UOB said it is the first bank globally to partner Visa on its new API.

With more people staying home amid safe-distancing restrictions, a recent survey commissioned by UOB found that the ability to pay utilities bills was one of the top three financial concerns among Singapore residents.

Against this backdrop, the bank has enabled its customers to offset their SP Group utility bills with the bank's rewards points.

Through a UOB API used by SP, customers need to choose the option of using their UOB rewards points when they pay on SP's utilities app. SP has more than 700,000 households using the app to manage their bills.

By enabling customers to redeem and to use their rewards points to offset their utility bills at the point of payment, they no longer need to go through the additional step of redeeming a voucher through UOB's digital banking services, said the bank. They also do not have to wait seven working days to receive a redeemed voucher and to use it.

The lender has also enabled its customers to redeem their rewards points instantly on Singapore Airlines' KrisPay app, and will progressively expand its ecosystem of strategic partners to further improve customer experRead More – Source

businesstimes
Previous Post

Singapore’s resilient savers, and a question over the widening wealth gap

Next Post

BreadTalk, Adera to create fintech and digital solutions for SMEs

admin

admin

Next Post
BreadTalk, Adera to create fintech and digital solutions for SMEs

BreadTalk, Adera to create fintech and digital solutions for SMEs

Stay Connected test

  • 79 Followers
  • 93.2k Subscribers
  • 22.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Surrender deadline nears as Ethiopia prepares Tigray attack

Surrender deadline nears as Ethiopia prepares Tigray attack

November 25, 2020
Ethiopian army claims control of Tigray city

Ethiopian army claims control of Tigray city

November 29, 2020
SAMA to become Saudi Central Bank, with full independence

SAMA to become Saudi Central Bank, with full independence

November 25, 2020
‘The Flight Attendant’ serves up a fun trip thanks to Kaley Cuoco

‘The Flight Attendant’ serves up a fun trip thanks to Kaley Cuoco

November 25, 2020
Iraq’s Kurdistan offers to freeze independence referendum results

Iraq’s Kurdistan offers to freeze independence referendum results

0
Outcry over naming Mugabe WHO ambassador

Outcry over naming Mugabe WHO ambassador

0

Somalia bombings: Death toll climbs to 358

0

At least 16 Egyptian police officers killed while raiding hideout

0
Ethiopian army claims control of Tigray city

Ethiopian army claims control of Tigray city

November 29, 2020
Surrender deadline nears as Ethiopia prepares Tigray attack

Surrender deadline nears as Ethiopia prepares Tigray attack

November 25, 2020
‘The Flight Attendant’ serves up a fun trip thanks to Kaley Cuoco

‘The Flight Attendant’ serves up a fun trip thanks to Kaley Cuoco

November 25, 2020
Trump’s outcasts in the civil and foreign service may get a second chance under Biden

Trump’s outcasts in the civil and foreign service may get a second chance under Biden

November 25, 2020

Recent News

Ethiopian army claims control of Tigray city

Ethiopian army claims control of Tigray city

November 29, 2020
Surrender deadline nears as Ethiopia prepares Tigray attack

Surrender deadline nears as Ethiopia prepares Tigray attack

November 25, 2020
‘The Flight Attendant’ serves up a fun trip thanks to Kaley Cuoco

‘The Flight Attendant’ serves up a fun trip thanks to Kaley Cuoco

November 25, 2020
Trump’s outcasts in the civil and foreign service may get a second chance under Biden

Trump’s outcasts in the civil and foreign service may get a second chance under Biden

November 25, 2020
Saudia Times

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Browse by Category

  • Africa
  • Business
  • Europe
  • Finance
  • latest news
  • Middle East
  • Politics
  • Uncategorized

Recent News

Ethiopian army claims control of Tigray city

Ethiopian army claims control of Tigray city

November 29, 2020
Surrender deadline nears as Ethiopia prepares Tigray attack

Surrender deadline nears as Ethiopia prepares Tigray attack

November 25, 2020
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.