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Aleta Planet Eyeing a Partnership with Greenergy Holdings Inc

Singaporean payments firm Aleta Planet is eyeing a partnership with Greenergy Holdings Inc to venture into “virtual credit cards” in the Philippines and cross-border money remittances.

In a statement, Greenergy said the proposed partnership is in tune with Tiu’s vision of creating “a seamless e-commerce landscape” through financial technology (fintech) to help link agriculture stakeholders to “global opportunities.”

Under the proposed collaboration, Aleta Planet, a member of UnionPay International, 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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