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Aleta Planet, Discover Global Network partner to enable merchants in Asia Pacific to expand ecommerce payment acceptance
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FJ Benjamin, Aleta Planet sign MOU for UnionPay virtual debit card
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Published March 2, 2021, 8:40 AM
Greenergy Holdings Inc., the listed firm of businessman Antonio Tiu, continues to beef up its fintech portfolio with the acquisition of 51 percent of ABS-CBN Corporation’s U-Pay Digital Technologies Inc. for P54 million.
The move is part of Greenergy’s bold ambition and pivot towards digital transformation to enable the company’s stakeholders and consumers to benefit from a financially inclusive ecosystem.
In a disclosure to the Philippine Stock Exchange, Greenergy said it has signed an agreement with ABS-CBN and iBayad Online Ventures, Inc. for the acquisition of 51 million fully paid common shares of U-Pay Digital.
U-Pay is an e-money issuer and remittance company duly licensed by the Bangko Sentral ng Pilipinas. The transaction is still subject to approvals of pertinent government regulatory agencies.
Published February 21, 2021, 5:30 AM Singapore-based Aleta Planet, a certified member of UnionPay International, is eyeing Greenergy Holdings, Inc. (GREEN) of agri-entrepreneur Antonio Tiu as partner for the issuance of virtual cards as well as cross-border money remittance services.
Under the proposed collaboration, Aleta Planet will provide its proprietary technology solution to issue co-branded virtual UnionPay cards to individual clients through Greenergy and its affiliates.
This will enable ease of payment collection and a fully digital cross-border money remittance service to UnionPay accounts.
Greenergy, in turn, shall promote the use of virtual accounts and cross border remittance services to the customers and clients of its subsidiaries and affiliates.
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