Bringing forth the inception of a “new era” in financial inclusivity, Netbank has introduced the Netizen Mobile Banking App as a “One-Stop-Banking Solution” “for Pinoy OFWs around the world.”
With a commitment to address solutions to OFWs’ banking transactions, Netizen is developed to be “easy, fast, and low-cost to allow Filipinos to conduct their transactions safely sans the hefty fees.”
As a neobank, Netizen offers “the fulfillment of various financial transactions – all in their well-designed and user-friendly platform.”
Young Paul Raneses, Head of Netizen Neobanking, commented:
“Netizen is set to become a leading player solutioning the common pain points faced by OFWs. OFWs already face a lot of predicaments and banking shouldn’t be one of them. By recognizing these, Netizen is compelled to solve the prevailing issues and concerns of our Kababayans that are related to their financial transactions.”
Being remittance partner-Wise, OFWs can “directly remit to their Netizen Account without the high fees. Users can transfer funds to their family’s bank accounts and e-wallets in the Philippines.”
They can also “pay their family bills including their government contribution.”
OFWs can conduct Mobile top-ups as well.
For Cash In and Cash Out Options, Netizen has partnered with Ayannah “to cater to families and relatives that don’t have bank accounts and these features will be available this June 2022.”
To grow savings, they also “offer time deposit products.”
With a dedication to helping OFWs secure their financial future, Netizen also “stands as a support system for Filipinos abroad by providing financial literacy, advice, tips, and guidance.”
Investment, and sending money “via Cardless withdrawal are set to be launched soon.”
As noted in an update shared with CI, users can “look forward to Netizen’s medical features such as Personal Accident and Life Insurance.”
Clients can “download the app through Android OS and will be available on IOS this coming Q3 of 2022.”
The Mobile Banking app “is available in the Philippines and Malaysia and is soon to be launched in other countries.”
With their availability both overseas and in the Philippines, they “remain strongly committed to offering ‘Simple, Safe Banking for OFWs’ with all services offered just right at your fingertips.”
Netbank (a Rural Bank), Inc. is reportedly “the first banking as a service platform in Southeast Asia operating on a full banking license.”
It provides banking services, on “a fully white-labeled basis, so that Filipino Fintechs can grow fast and reduce their costs, thus accelerating financial inclusion and innovation.”
It provides “simple, creative, low-cost solutions so partners can open accounts, offer loans and manage payments.”