Netbank

Name

Netbank

Legal name

Netbank (A Rural Bank) Inc.

Website

https://netbank.ph

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Banking-as-a-Service

NAICS

Other Nondepository Credit Intermediation (52229), Depository Credit Intermediation (5221)

SIC

Finance Services (6199), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

akta.pro secondary industries

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Cross-Border B2B2C Payouts (Mass Payouts, Gig/Creator, Marketplace) (FSAGAKAC)

Keywords

• Banking-as-a-service
• Embedded finance
• Payment processing rails
• Digital lending platform
• White-label banking

Headquarters

HQ city

Romblon

HQ country

Philippines

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Payment and Disbursement Transaction Fees: Revenue from payment processing transactions routed through Netbank's rails (QRPH, Instapay, PESONet), including merchant payouts, real-time disbursements, and bulk payment-aggregator transfers; per-transaction fees on cash-in/cash-out via agent networks.
2. Embedded Lending & Loan Channeling: Income from Lend-as-a-Service including loan channeling (off-balance-sheet funding to online cash lenders, MFIs, BNPL, vehicle dealers, and SME platforms), embedded credit facilities for marketplaces, and origination assignment agreements (e.g., with Savii, Blend.ph, GMS).
3. Account-as-a-Service & White-Label Programs: Recurring service fees for white-labeled bank account programs (e.g., Eplayment white-labeled accounts) and Account-as-a-Service for marketplaces, e-commerce enablers, payroll providers, and merchant networks.
4. Netbank Mobile Consumer Banking (Deposits & Savings): Net Interest Income on retail deposits via the Netbank Mobile app (3.25% p.a. on Savings with daily crediting; 4.5% / 5% p.a. on 6- and 12-month Time Deposits) plus dormancy, account closure, and ancillary fees. Deposits are PDIC-insured up to P1,000,000 per depositor.
5. Cards-as-a-Service & Merchant Acceptance: Revenue from card issuance powered by Thredd, plus merchant account fees (5 PHP per QRPH transaction) and merchant deposit interest (2% p.a.) for in-app merchant account holders.
6. FX, Cross-Border & Non-Resident Banking: FX services and cross-border transfer facilitation for non-resident payment processors, remittance companies, and corporations; in-house treasury operating accounts for remittance operators.
7. Professional & Managed Services: Capital deployment and operational scaling supported by Series B funding aimed at automation, risk infrastructure, and engineering hires; embedded service arrangements for payroll, HRIS, and corporate cash management.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels5 records

Core offering

Netbank provides a BSP-regulated Banking-as-a-Service (BaaS) platform that lets fintechs, corporates, and platforms embed banking services—accounts, payments, lending, and cards—into their own apps and processes via APIs, sitting on direct connections to InstaPay, PESONet, QRPH, and card networks. Its modular "lego-block" products (Collect-, Disburse-, Account-, Lend-, and Cards-as-a-Service) are composable into tailored solutions for payment companies, lenders, e-commerce, HRIS, vehicle dealers, and corporates, complemented by a consumer-facing Netbank Mobile app with high-yield savings, time deposits, and the Netbank E-Wallet.

Product overview

Netbank (A Rural Bank) Inc. offers a Banking-as-a-Service (BaaS) platform composed of modular "lego-block" products that fintechs and corporates can mix-and-match into tailored solutions, all accessed via APIs through the Netbank Virtual developer portal. The platform's core building blocks are Collect-as-a-Service, Disburse-as-a-Service, Account-as-a-Service, Lend-as-a-Service, and the newer Cards-as-a-Service (powered by Thredd), sitting on top of Netbank's regulated core banking system and connected to Instapay, PESONet, QRPH, Mastercard and OTC channels. On top of this BaaS core, Netbank operates a consumer business anchored by the Netbank Mobile app (with Netbank Savings, Netbank Time Deposit, and the Netbank E-Wallet), the Ask Netly AI-powered banking assistant, partner-branded White-Labelled Bank Accounts (e.g., Eplayment), and partnership-enabled offerings such as the CPay digital payment platform launched with Winspire/TGS Group.

Differentiator

Problem solved

Functional benefit

Brands

• Netbank Mobile: Consumer-facing mobile banking application offering savings, time deposits, fund transfers, bills payment, mobile top-up, and merchant accounts, regulated by the Bangko Sentral ng Pilipinas.
• Netbank Virtual
• Netbank E-Wallet
• Netly

Products and services

• Netbank Banking-as-a-Service (BaaS) Platform Core BaaS platform of Netbank (A Rural Bank) Inc., regulated by the Bangko Sentral ng Pilipinas, that allows fintechs and corporates to embed banking services (accounts, payments, loans, cards) into their apps, platforms, and processes via APIs. Composed of modular "lego-block" products that can be combined into tailored solutions.
• Collect-as-a-Service Module enabling partners to receive funds via multiple rails: Local Collect-via-Bank Transfers, Local Collect-via-QRCode (QRPH), Local Collect-via-OTC, Local Collect-via-Debit Pull, Local Collect-via-Instapay Sponsor, and International Collect-via-Bank Transfers.
• Disburse-as-a-Service Module enabling partners to disburse funds to bank accounts and wallets in real time via Instapay (up to PHP 50,000) and via PESONet for higher-value same-day transfers until 3:00 PM, with status notifications.
• Account-as-a-Service Module providing partners with access to corporate operating accounts and virtual collection accounts (VCA), including non-resident corporate accounts, in-house treasury accounts, and white-labeled end-user accounts.
• Lend-as-a-Service Module covering loan channeling, embedded lending products, FLDG (First Loss Default Guarantee) structures, and disbursement of loan proceeds via API or file upload to bank accounts, e-wallets, or over-the-counter channels.
• Cards-as-a-Service
• Netbank Mobile Netbank's consumer mobile banking application (iOS and Android) offering high-yield savings (3.25% p.a. daily interest), time deposits, free Instapay/PESONet transfers, instant bills payment, mobile top-up, and merchant accounts. Includes an integrated E-Wallet and access to Ask Netly.
• Netbank Virtual Developer portal and Partner Dashboard providing Sandbox, UAT, and Production environments, sandbox credentials, and a Sandbox-UAT-PROD journey for partners integrating with Netbank's BaaS APIs.
• White-Labelled Bank Account Partner-branded bank account product (example: Eplayment) issued by Netbank, accessible via partner mobile/web app, connected to PESONet and Instapay, supporting bill payments, deposits via cash agents, and PDIC-insured deposits.
• Netbank Savings High-yield savings account offering 3.25% p.a. interest with daily crediting and compounding, no minimum initial deposit and no maintaining balance; connected to PESONet and Instapay for inter-bank fund transfers.
• Netbank Time Deposit
• Netbank E-Wallet
• Ask Netly

Quantifiable outcome

• 88% year-on-year revenue growth in FY2025 and achieved profitability
• +2 more outcomes

Named customers43 records

Segments7 records

Ideal customer profiles7 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability9 records

Feature7 records

Partnerships

22 partnerships are on record, tiered flagship strategic partner (korea-backed), flagship technology partner, flagship network partner, flagship white-label partner, strategic white-label wallet partner, strategic white-label marketplace partner, flagship loan-origination channel partner, strategic loan-origination partner, open-finance platform partner, flagship sme lending channel partner, payroll/working capital partner, cross-border payments partner, flagship electronic payment / agent partner, cash-in/cash-out partner for financial inclusion, online payments partner, remittance partner (uk), mfi loan-origination partner, online lender partner, lending distribution partner and non-resident corporate account holder.

• Winspire Business Outsourcing Services Inc. (TGS Group)flagship strategic partner (korea-backed)Strategic or Co-development Partner · 18 February 2026Philippine fintech firm established by South Korea's TGS Group; announced partnership with Netbank in February 2026 to launch the digital payment platform CPay in the Philippines, expanding non-cash transactions and improving settlement efficiency. Winspire plans to upgrade infrastructure and expand its merchant network with long-term ambitions to spread financial services across Southeast Asia.
• Threddflagship technology partnerTechnology or Integration · 10 December 2025Selected by Netbank in December 2025 to power a next-generation Cards-as-a-Service offering across the Philippines, enabling payment card services for the BaaS platform. Public launch was followed up by an April 2026 announcement.
• Mastercardflagship network partnerTechnology or IntegrationMastercard logo appears among Netbank's 'Partners and Clients' on the homepage, indicating card-network and payment-rails partnership underpinning Netbank's Cards-as-a-Service offering.
• Eplaymentflagship white-label partnerOEM/ Whitelabel/ Licensing PartnerEplayment (a fintech focused on content creators) acts as Cash and Sales Agent for Netbank's White-Labelled Bank Account program. End-customers receive deposit accounts branded with Eplayment's logo/color/marks via Eplayment's mobile/web app; Netbank remains the Issuer and ultimate responsible party to accountholders.
• Dream Fearlessly Technologies Inc. (Smart Money)strategic white-label wallet partnerOEM/ Whitelabel/ Licensing PartnerLaunched the Smart Money mobile wallet seamlessly integrated with Netbank's Electronic Channels Server, which connects to Netbank's core banking system. Netbank acts as account issuer for e-money accounts and enables bill payments via Bayad Center, mobile top-ups, fund transfers, and QRPH transactions.
• GoVIP Center (GoVIPx mobile app)strategic white-label marketplace partnerOEM/ Whitelabel/ Licensing PartnerMarketplace enables payments to merchants/individual users via the GoVIPx mobile app; MSMEs and individuals transact using Netbank-issued accounts with fund transfers and disbursement APIs.
• Savii (New Cross Credit And Financing Gate Ph Inc.)flagship loan-origination channel partnerChannel Partner/ Reseller/ DistributorLoan originator that provides some of its loans to Netbank through assignment of receivables; once assigned, the loan agreement becomes a direct agreement between the borrower and Netbank. Savii is based in Makati City.
• Blend.ph (Inclusive Finance Technologies, Inc.)strategic loan-origination partnerChannel Partner/ Reseller/ DistributorLoan originator that provides loans to Netbank through an origination agreement; once originated, the loan agreement becomes a direct agreement between the borrower and Netbank. Blend.ph is based in Pasig City.
• GMS (Global Mobility Service Philippines, Inc.)strategic loan-origination partnerChannel Partner/ Reseller/ DistributorLoan originator based in Makati City partnering with Netbank for loan channeling, disbursement, and collection infrastructure.
• UBXopen-finance platform partnerStrategic or Co-development PartnerUBX is an Open Finance platform providing access to Netbank's banking products and solutions through its network of financial institutions.
• First Circleflagship sme lending channel partnerChannel Partner/ Reseller/ DistributorOfficial finance partner of the Department of Trade and Industry (DTI); offers non-collateral loans to SMEs. Uses Netbank banking infrastructure for SMB lending operations.
• Zetlpayroll/working capital partnerChannel Partner/ Reseller/ DistributorHelps services businesses manage monthly operating expenses by providing payroll and working capital financing, using Netbank as banking partner.
• Tazapaycross-border payments partnerChannel Partner/ Reseller/ DistributorSpecialist cross-border payment company. Netbank opens accounts for some Tazapay clients, supporting their Philippine payment operations.
• UniFicross-border payments partnerChannel Partner/ Reseller/ DistributorUses Netbank's local disbursement with international transfers and payment facility exclusively. Also opened a non-resident account with Netbank for local collection (with virtual accounts) and repatriation of funds for cross-border transfers.
• ECPayflagship electronic payment / agent partnerChannel Partner/ Reseller/ DistributorElectronic payment service provider in the Philippines; secure electronic depot for Electronic Loading, Bill Payments, Airline Ticket Payments, Cash-in Service and Online Shopping Transaction Payments. Used as cash-in agent and OTC loan-repayment collection channel.
• Ayannahcash-in/cash-out partner for financial inclusionChannel Partner/ Reseller/ DistributorLeading provider of digital finance and commerce services to the world's emerging middle class, many of whom are migrants and/or unbanked; integrated as a cash-in/cash-out agent for Netbank E-Wallet.
• Dragonpayonline payments partnerChannel Partner/ Reseller/ DistributorProvides online payment solutions in the Philippines. Netbank provides Virtual Collection Account (VCA) solutions to track bank transfer payments from their merchants' end-customers.
• TransferGoremittance partner (uk)Channel Partner/ Reseller/ DistributorProvided remittance services from Filipino migrant workers overseas for local disbursements in the Philippines. London-based (2nd Floor, 241 Southwark Bridge Road, London, SE1 6FP).
• Mocasamfi loan-origination partnerChannel Partner/ Reseller/ DistributorMocasa utilizes Netbank's Disburse-To-Account Service to disburse loan proceeds to customers (via Instapay/PESONet). Netbank provides a Collection Facility for loan repayments and an API facility to disburse funds to Mocasa's borrowers.
• Singularity Lending Inc. (Second Pay)online lender partnerChannel Partner/ Reseller/ DistributorUtilizes Netbank's Disburse-To-Account Service to disburse loan proceeds to customers (via Instapay/PESONet).
• Cash Expresslending distribution partnerChannel Partner/ Reseller/ DistributorProvides personal/business loans to individuals and merchants through the Cash Express platform powered by Netbank rails.
• Klaus / Kyureion (non-resident corporate account)non-resident corporate account holderChannel Partner/ Reseller/ DistributorOpened a non-resident account with Netbank used for local collection (with virtual accounts) and repatriation of funds collected for cross-border transfers.

Scale indicators11 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Solaris SE: Berlin-based Banking-as-a-Service platform operating under its own banking license, offering embedded accounts, payments, cards, and lending APIs across Europe — directly comparable to Netbank's regulated-bank BaaS model in the Philippines.
• Treezor: France-based BaaS provider operating under a regulated EMI/acquirer license (owned by Société Générale), offering API-driven accounts, payments, and card issuance to fintechs — closely mirrors Netbank's regulated BaaS model.
• Griffin: UK-based BaaS platform with its own PRA-authorized banking license, providing API-first business accounts, payments, and embedded finance — directly comparable to Netbank's regulated-bank, API-first approach.
• Unit: US-based BaaS platform offering embedded banking (accounts, cards, lending) via partner banks — comparable white-label embedded finance proposition targeting fintechs and platforms, similar to Netbank's Account-as-a-Service and Cards-as-a-Service.
• MatchMove: Singapore-based BaaS and embedded finance provider serving enterprise customers across Southeast Asia with wallet, card, and lending APIs — the most direct Southeast Asian counterpart to Netbank's regulated BaaS model.
• Railsr: UK-based embedded finance platform offering accounts, cards, and lending-as-a-service to fintechs — directly comparable to Netbank's modular Collect/Disburse/Account/Lend/Cards lego-block product suite.

Broad incumbents

• Mambu: Global SaaS core banking platform serving retail, SME, and embedded-finance use cases across 50+ countries — competes with Netbank's core banking layer as a tech platform but without the regulated banking license that differentiates Netbank.
• Thought Machine: UK-based cloud-native core banking technology provider serving global banks — competes with Netbank's Core Banking System as upstream banking infrastructure, though positioned as a vendor rather than a BaaS provider.

Regional players

• Maya Bank: Philippine digital bank offering consumer wallets, payments, and credit products with embedded finance APIs — the most direct domestic competitor to Netbank in the Philippine BaaS and digital banking market.
• GCash: Philippine e-wallet operated by Mynt (Globe Telecom) with QRPH acceptance, payments, lending, and savings — directly comparable to Netbank Mobile on the consumer side and a competing rails partner on the merchant side.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/netbankmobile
• LinkedInlinkedin.com/company/71321305

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds3 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Netbank