Singapore, 17 September 2020 – Singapore fintech Aleta Planet said today it is partnering Nestia, a popular all-in-one lifestyle app, to launch a co-branded virtual debit card that will allow over 600,000 registered members of Nestia to make payments.
The virtual card, powered by Aleta Planet’s proprietary technology, leverages on UnionPay’s global network. The integration with Nestia app allow users to make UnionPay QR Code payments, both offline and online, at over 30 million merchants in Singapore, China and 39 other markets around the world.
They will also benefit from exclusive UnionPay rewards and promotions such as $5 off a minimum $10 spend at HeyTea (now until 31 October 2020) and $15 off with a minimum spend of $150 at Haidilao (now until 17 November 2020).
In addition, users will also have access to the recently launched UnionPay-Aleta Planet MoneyExpress remittance service, enabling them to transfer money quickly and safely.
The collaboration is significant for Nestia as it gives users access to a wider range of merchants, allowing them to make payments across multiple touchpoints and transforming the app from a closed-loop platform to an open-loop network.
Aleta Planet’s Chairman and Group CEO Ryan Gwee said: “We are pleased to partner Nestia to roll out our co-branded virtual card and remittance services to over 600,000 users, offering them a seamless and secure payment service in 41 markets around the world.
“We believe that this virtual card will raise awareness among Singaporeans of the UnionPay proposition and Aleta Planet’s technological innovations. At Aleta Planet, our mission is to use digital means to help corporations and consumers simplify and secure their payments and receipts in a quick, convenient and secure manner.”
Mr Gwee added that the latest partnership is testament to Nestia’s validation of Aleta Planet Group’s capability as a UnionPay issuer and the strong value proposition it offers to Nestia’s members.
UnionPay is a global payment brand that serves the world’s largest card base. Aleta Planet, founded by former banker Ryan Gwee in 2014, is a principal member of UnionPay. In addition to its core business of being a direct acquirer and issuer of UnionPay, Aleta Planet has also developed a series of customised APIs (Application Programming Interface) that help corporates and financial institutions make efficient payment services through the UnionPay global network that covers 179 countries and regions.
Jessica Toh, Head of Marketing and Channel Development at Aleta Planet, added: “China is today one of the world’s most dynamic countries in the payments space and we believe that the Aleta Planet virtual card will open up a world of exciting possibilities for consumers, whether they are spending money in Singapore or China. The move to launch this co-branded virtual card with Nestia is both practical and timely.”
With a tech team of over 100, Aleta Planet has in the last six years developed a range of customisable solutions to enable businesses and consumers to make seamless digital payments through the UnionPay scheme.
Cheryl Wang, Head of Business Development at Nestia, said: “Nestia is honoured to collaborate with Aleta Planet and UnionPay to issue the Aleta Planet Nestia Virtual Card. We play to our respective strengths in enabling cashless payments and making the payment process easier for Nestia’s users.”
Established in 2015, Nestia is a one-stop lifestyle app providing an easy and engaging platform for users to stay informed about everything in Singapore. Nestia is a fusion of the words “nest” and “encyclopedia”, reflecting its mission to provide a wealth of local information at your fingertips. It has recorded more than 1.3 million downloads of its app to date.
Nestia covers many aspects including news, traffic, transport, jobs, property, food & beverage, home services and local lottery results. It has both English and Chinese versions of the app, with users having the option to switch between languages.
Mr. Huiming Cai, General Manager, UnionPay International Southeast Asia, said: “UnionPay is proud to be partnering with Aleta Planet and Nestia to launch the Aleta Planet Nestia Virtual Card, as part of our effort to expand digital payment options for consumers to transact locally and abroad. This partnership not only enables us to bring the convenience of mobile payments to more consumers, it also creates new platforms for them to enjoy greater ease of digital payments in key destinations around the world when travel restrictions are lifted.”
About Aleta Planet
Founded in 2014 in Singapore by a team of professionals with strong business and technology expertise within the banking and finance industry, Aleta Planet specialises in end-to-end technology solutions for financial institutions and corporates. Aleta Planet provides payment services regulated under the Payment Services Act, governed by the Monetary Authority of Singapore. We focus on a client-specific, solutions-oriented approach and have successfully delivered leading edge technology solutions.
Our proprietary solutions involve primarily research, design, development, implementation and maintenance of our finance technologies for our clients. We work closely with clients to ensure desired results are achieved and sustained.
Aleta Planet is also a direct acquirer and issuer of UnionPay, offering cross-border, multi-currency transactions safely and securely. As a global payment facilitator that interconnects different payment options and types, Aleta Planet prides itself on simplifying online payments. Being a Certified Principal Member of UnionPay International, Aleta Planet enables merchants to accept over 7 billion UnionPay cards issued globally. Additionally, Aleta Planet will issue UnionPay commercial cards.
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