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Manila, [13 Feb, 2024] – Brankas and NetGlobal Solutions Inc. (NGSI) have signed a Memorandum of Agreement (MoA) under which Brankas will support NetGlobal Pay in its QR Ph, pay-by-bank, and pay-by-wallet capabilities in both NetGlobal Pay’s payment and e-wallet platforms.
Brankas will integrate its Brankas Direct API and Brankas Disburse API into NetGlobal Pay, which provides a range of payment options including credit and debit cards. Brankas Direct enables collections and retail cash-in for e-commerce, fund transfers, and recurring subscriptions. Brankas Disburse API enables single or bulk disbursements of loans, salary, commissions, insurance, and cash payouts. NetGlobal Pay is an integrated payment platform for cash-free online payments, cash disbursements, bill payments, and QR Ph code generation. Currently, NGSI offers both an e-wallet and payment portal interface.
Cooperatives, aspiring digital banks, public utility companies, and retail marketplaces are among the list of corporate users expected to benefit from this new partnership.
“Brankas is no stranger to payment gateways, considering we both build fully customizable merchant payment portals for our clients and also avail our APIs to existing platforms. We are especially excited about this partnership with NGSI because NetGlobal Pay offers an integrated user experience for merchants and end users. This means NetGlobal Pay customers are able to make payments of day-to-day expenses, do money transfers, and even large-scale disbursements — all on one platform, without needing to own a credit card. We see this as a big step in making financial services accessible to all.” said Todd Schweitzer, CEO and Co-founder of Brankas.
“This partnership marks a significant step forward in our mission to provide secure, innovative, and accessible payment solutions for Filipinos merchants and consumers,” said Peter G. Lingatong, CEO of NetGlobal Solutions Inc. “We aim to make NetGlobal Pay the premier payment platform in Southeast Asia, which is why we chose to partner with Brankas, having seen its track record in enabling payment providers across the region.”
Brankas is a leading global open finance technology provider. We provide API-based solutions, data and payments solutions for financial service providers (like banks, lenders and e-wallets) and online businesses. Brankas partners with banks to build and manage their open finance infrastructure, producing APIs for real-time payments, identity and data, new account opening, remittances, and more. With Brankas’ secure open banking technology, online businesses, fintech companies and digital banks can use Brankas APIs to create new digital experiences for their users.
About NetGlobal Solutions Inc.
Net Global Solutions, Inc. is a Payment Service Provider offering a complete end-to-end Digital Payment Gateway called NetGlobal Pay. This newest payment gateway guarantees to provide safe and secure transactions. It also uses various payment methods such as BancNet, local and international issued credit and debit cards, and QR PH - the latest payment mode supported by the Bangko Sentral ng Pilipinas (BSP.)
NetGlobal Pay is the first payment gateway to support the acceptance of online payments using QR Ph. This guarantees interoperability of different payment options making it possible for registrants to transact without the need to link their bank accounts.
NetGlobal Pay offers two main products – NetGlobal Pay Portal and NetGlobal Pay E-Wallet. Both products can be fully accustomed based on the client’s requirements.