Netbank, a Filipino bank specialising in embedded finance, has partnered with BillEase, a leading digital consumer finance provider, to deliver enhanced digital payment options to Filipino consumers.

Through this partnership, Netbank empowers Billease to offer additional digital products to its customers, including the ability to access their credit lines and seamlessly make payments at merchants nationwide using the interoperable QR Ph system.

Gus Poston, co-founder of Netbank said, “We are delighted to collaborate with BillEase, a trailblazer in the buy now, pay later (BNPL). We believe QR Ph will play a dominant role in loan repayments, offering a seamless and more efficient way for customers to pay."

This technology not only enhances convenience but also ensures security for clients, reducing the risks associated with traditional payment methods. Additionally, QR Ph aligns with the Bangko Sentral ng Pilipinas' (BSP) priorities in promoting digital payments and financial inclusion, further driving the adoption of innovative financial solutions in the country.

“This partnership underscores Netbank’s commitment to accelerating financial inclusion and innovation by equipping fintechs like BillEase with the tools to expand their digital offerings. By integrating QR Ph, we are enabling BillEase to provide its customers with a more seamless and flexible payment experience,” said Amiel de Sotto, head of cash lender at Netbank.

BillEase CEO Georg Steiger said, "This strategic partnership represents a significant milestone for BillEase. By leveraging Netbank's innovative embedded finance solutions, we are enhancing our ability to provide more convenient and accessible financial services to Filipino consumers."

"The integration of QR Ph technology will enable our customers to enjoy greater flexibility in managing their credit lines and making payments across a wide network of merchants," Steiger added.

This strategic partnership marks a significant milestone in enhancing financial accessibility for Filipino consumers. With this, it underscores both companies' commitment to driving financial inclusion and digital innovation in the Philippines.

Re-disseminated by The Asian Banker