Bayad, the country’s authority in bills payment and Meralco’s full service fintech subsidiary has forged partnership with UBX, the leading open finance platform in the Philippines.
Under the agreement, i2i, the banking-as-a-service venture of UBX, will leverage the network of billers of Bayad, allowing i2i banking agents to process payments for Meralco and Home Credit among others.
Apart from this, Bayad and UBX continuously recalibrate its interoperability as they are keen to scale up their ecosystem of billers from basic utilities such as electricity and water, cable & internet, to government contributions and loan payments, school tuition fees, online shopping, insurance, and many others.
