Open finance firm Brankas has announced a new integration that will allow MPT DriveHub app users in the Philippines to reload using their active Philippine bank accounts.
MPT DriveHub users can now “choose from a wider range of reloading options as they top up their RFID accounts, with which their transaction history can be accessed too.”
Brankas and MPT Mobility “expect the new integration to attract new app users, who will benefit from lower service fees when reloading through the app.”
As noted in the update, MPT Mobility, the innovations arm of Metro Pacific Tollways Corporation (MPTC), “enables Filipinos to travel more easily through its efficient, effective, and modern mobility solutions through one of its arms — MPT DriveHub, an all-in-one travel companion app that offers a variety of mobility solutions to improve motorists’ travel experience.”
Gines M. Barot, AVP for MPT DriveHub Operations, said:
“Lower service fees are part of the brand’s commitment to improving the user experience within the app and making real-time reloading more accessible and convenient. We listen to our motorists’ needs and act on what we can, harnessing our resources and the power of digital technology.”
Brankas’ APIs are “used by companies offering e-wallets, online shopping checkout, lending services, insurance, and wealth management.”
Brankas Direct “enables collections and retail ‘cash-in’ for e-commerce, fund transfers, and recurring subscriptions.” In MPT DriveHub, Brankas Direct “gives users a seamless RFID reloading experience without needing to leave the mobile app.”
Todd Schweitzer, Brankas CEO and Co-founder, said:
“Our mission at Brankas is to provide modern and secure open finance technology that empowers our partners to create world-class solutions. The new bank integrations allow MPT Mobility to serve more motorists in the Philippines through more reloading options. In the spirit of financial inclusion, Brankas is proud to be contributing to the widespread adoption of the MPT DriveHub app.”
In addition to providing digital payment solutions for a tollway company, Brankas’ open finance solutions are “used in ride-hailing, agriculture, insurance, and healthcare companies to power digital transformation.”
This diverse range of open finance industry applications was also “displayed at the Open PHinance Challenge in 2022, which saw applicants from industries including public utility vehicles (DyipPay), HR (Betterteem), and farming (Cropital).”
The 8-week accelerator program in the Philippines “was launched by Brankas and Kaya Founders.”
