Netbank is a start-up fintech led bank, focused on the under-served. Its model is to:

• Partner with Fintechs, banks and non-bank lenders, who have existing client networks or are looking to enter the Philippines

• Allow these partners to sign-up clients, for an origination fee, booked on Netbank’s balance sheet. Netbank would provide:

  • Loans to clients, so the partners can grow without raising additional capital

  • Deposit accounts for clients, serviced by the partner (on a white-label basis)

  • Payment services to clients, including ACH payments, access to cards, payment to wallets, etc.

  • Technology services to the partners, allowing them more efficient processing and better client satisfaction

Netbank Virtual is a product area of Netbank, offering banking as a service via APIs to local fintech and international fintech looking to enter the market. It expects to offer services in:

• Disburse funds: Payments via ACH, payments to wallets, payments to cash.

• Collect funds: Receive funds from the above channels

• Open transaction accounts / wallets

• Open loan accounts.