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Published July 8, 2021, 8:33 AM
Mastercard today announced that Netbank, the Philippines’ first Banking-as-a-Service platform (BaaS), will join its Fintech Express program, giving the regulated Filipino bank access to a vast range of Mastercard’s digital-first products and enabling it to issue debit and credit cards under its partners’ brands.
Netbank is geared towards accelerating the digitalization of its customers including financial institutions, payment companies, neo-banks, domestic fintechs and even non-bank businesses offering a full range of white-labelled banking services to institutions that are migrating to digital. Through its services, Netbank enables Filipino fintechs to scale, supports overseas fintechs to rapidly bring their products to the Philippines, and aids traditional lenders by providing digital financial services to their customers.