Netbank, the Filipino embedded finance platform, is plessed to announce its strategic partnership with Pays0, a dynamic payments company, to offer seamless funds disbursement services through a cutting-edge application programming interface (API).
This collaboration proves the opportunities in the Filipino payments market and marks a pivotal moment in “the expansion of both companies.”
The Philippines is currently witnessing growth in the payments sector, “driven by the rapid expansion of the digital economy and the increasing adoption of e-commerce.”
With a population exceeding 110 million and a significant portion of the population still unbanked, there “lies an immense opportunity to transform the way people access and manage their financial resources.” Netbank, with its payments infrastructure, is ideally positioned to leverage this opportunity and “empower businesses and individuals with seamless and efficient transactions.”
Netbank’s platform empowers businesses “to offer banking services to their customers without the need for a traditional banking setup.” By integrating with Netbank’s API, businesses gain access to “a comprehensive suite of financial products and services, including account management, payments, and now, funds disbursement.”
This new partnership with Pays0 will enhance Netbank’s existing capabilities, “delivering an unparalleled funds disbursement solution to customers.”
Jacky Fong, Chairman of Pays0, expressed his excitement about the partnership, stating:
‘We are thrilled to join forces with Netbank to enhance our funds disbursement services. This collaboration aligns perfectly with our vision of transforming the payments landscape in the Philippines. Together, we will provide businesses and individuals with seamless, secure, and lightning-fast funds disbursement capabilities. By leveraging Netbank’s infrastructure and our expertise in consumer payments, we will drive innovation and create value in the industry. Pays0 brings its deep expertise in consumer payments to the partnership and is committed to expanding its reach in the Philippine market. The company aims to simplify payments and make financial transactions more accessible to all. With Netbank’s fast implementation capabilities and robust infrastructure, Pays0 will be able to scale its services efficiently, offering innovative solutions that cater to the evolving needs of consumers.”
Vince Roldan, Payments Solutions Lead of Netbank, said:
“We are excited to join forces with Pays0 to enhance our funds disbursement services. This partnership perfectly aligns with our vision of transforming the payments landscape in the Philippines. By combining Pays0’s expertise in consumer payments with Netbank’s robust payments platform, we will provide businesses and individuals with seamless, secure, and lightning-fast funds disbursement capabilities.”
Netbank and Pays0 are committed to “delivering the highest standards of security, reliability, and convenience to their customers.”
Together, they will continue “to drive innovation and create value by harnessing the power of technology and collaboration.”
