Netbank Taps Thredd for Cards-as-a-Service Solution in the Philippines

MANILA, Philippines — Netbank, the first banking-as-a-service (BaaS) platform in the Philippines, has selected global payments processor Thredd to power its new Cards-as-a-Service (CaaS) solution.

This strategic partnership aims to enable fintechs, e-wallets, and banks across the region to deploy modern card-issuing services for both consumer and commercial segments.

Modernizing Card Issuance

The CaaS solution leverages Thredd’s sophisticated issuing platform to support the creation of both virtual and physical cards. Key features of the service include:

Advanced Spend Controls

Real-time management of transaction limits and usage for enhanced security.

Real-time APIs

Instant card creation and management capabilities for a seamless user experience.

Google Pay Integration

Seamless digital wallet connectivity for modern consumers on the go.

Comprehensive Management

A dedicated card management system for streamlined and efficient operations.

Meeting the Demand for Digital Payments

This collaboration targets a Philippine market experiencing sustained expansion in digital transactions. With over 120 fintech partners already under its wing, Netbank is responding to a high demand for modern card propositions.

Gus Poston

Gus Poston, Founder of Netbank, stated that the move addresses existing demand from the platform’s client base:

“By partnering with Thredd, we are enabling our fintech and EMI partners across the Philippines to quickly and easily launch modern card propositions. This is already a commonly demanded product from our 120+ fintech partners.”

Supporting the Digital Economy

The initiative is designed to allow Netbank’s partners to launch card products tailored to evolving needs, providing the infrastructure for a new generation of financial services.

Business Solutions

Seamless expense and disbursement cards tailored for businesses of all sizes.

Gig Economy

Efficient payout solutions for the modern workforce and contractor segments.

Custom Payouts

Flexible disbursement models designed to support digital transformation.

Jim McCarthy

Jim McCarthy, CEO of Thredd, noted that the partnership targets specific growth sectors within the local economy:

“The Philippines presents a dynamic growth opportunity, particularly in social commerce, micro merchants, and the SME/SMB segment. Our partnership with Netbank will enable a new wave of consumer and commercial use cases, including expense and disbursement cards, as well as gig economy and contractor payout solutions, supporting the country’s digital transformation.”

About Netbank

Netbank provides the banking infrastructure that allows any tech company to offer financial services. As a fully licensed bank, it offers a range of services from white-labeled accounts to card issuance.

About Thredd

Thredd is a leading global payments platform providing card issuing and processing services. It supports many of the world’s most successful fintechs and digital banks across 60+ countries.

Media Contact:

Marketing Department, Netbank marketing@netbank.ph | www.netbank.ph