UBX, Etiqa partner to introduce “insure now, pay later” scheme

UBX, the leading open finance platform in the Philippines, and Etiqa Philippines, a regional brand offering life, health and non-life insurance under one brand, have entered into a strategic partnership to introduce “Insure now, Pay later” scheme in the Philippines. 

Under the partnership, Etiqa will leverage UBX’s verticals BUx, an end-to-end payment solutions platform, and Splix, a transact-now-pay-later platform, to offer Etiqa policyholders flexible and convenient ways to settle their premiums. 

With the partnership, policyholders can now pay their premiums on an installment basis – with or without credit cards. Leveraging the 60,000 payment channels of BUx, Etiqa enables its customers to pay their premiums via online banking, e-wallets, or over-the-counter.