Brankas Set to Expand QR and e-Wallet Payment Services for NetGlobal Pay
By: FintechNews
Source: fintechnews
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rankas and NetGlobal Solutions Inc. have recently formalised a Memorandum of Agreement that facilitates a collaborative effort to expand the capabilities of NetGlobal Pay. This initiative focuses on enhancing the platform’s offerings to include QR Ph, pay-by-bank, and pay-by-wallet functionalities across its payment and e-wallet services.
Through the integration of Brankas’ Direct API and Disburse API, the agreement aims to diversify the payment options available, extending beyond traditional credit and debit card transactions to include a variety of digital payment methods.
The Direct API from Brankas is designed to support e-commerce transactions, enabling retail cash-ins, fund transfers, and management of recurring subscriptions. Conversely, the Disburse API is tailored towards facilitating both individual and mass payments related to salaries, loans, commissions, and other financial disbursements.
NetGlobal Pay positions itself as an integrated payment platform, catering to a spectrum of financial transactions including online payments, cash disbursements, bill settlements, and the generation of QR Ph codes. Currently, NetGlobal Solutions Inc. offers an e-wallet alongside a payment portal, targeting a broad user base that includes cooperatives, digital banking entities, public utilities, and retail marketplaces.
Todd Schweitzer
Todd Schweitzer, CEO and Co-founder of Brankas, expressed enthusiasm about the NetGlobal partnership, highlighting the comprehensive service offering that NetGlobal Pay provides to its customers.
“Brankas is no stranger to payment gateways[…] We are especially excited about this partnership with NGSI because NetGlobal Pay offers an integrated user experience for merchants and end users,”
Todd remarked, emphasising the accessibility of financial services that this partnership aims to achieve.
Peter G. Lingatong, CEO of NetGlobal Solutions Inc., also commented on the partnership’s significance, underscoring its role in advancing secure, innovative, and accessible payment solutions for Filipino merchants and consumers.
“This partnership marks a significant step forward in our mission[…] We aim to make NetGlobal Pay the premier payment platform in Southeast Asia,”
Peter stated, acknowledging Brankas’s proven track record in enabling payment providers across the region.
This collaboration signifies a step towards broadening the scope of digital payment solutions available, with a focus on enhancing the efficiency and accessibility of financial services across Southeast Asia.
Peter G. Lingatong