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Kyú Reion taps netbank for cross-border payments

We are thrilled to announce that Kyú Reion, an innovator in cross-border fintech, has partnered with Netbank to accelerate cross-border fund transfers and make them more accessible for individual users through a smartphone app.

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For cross-border fintech companies, the challenge lies in ensuring fast and reliable fund transfers. Traditional systems often involve delays, leading to inefficiencies and reduced satisfaction for customers.

To address this challenge, Kyú Reion has partnered with Netbank to leverage its local collection and cross-border transfer capabilities. By opening an account with Netbank, Kyú Reion can efficiently transfer funds locally while offering faster cross-border transactions to their users. This partnership enables Kyú Reion to streamline its operations, providing:

* Seamless local collections and disbursements without the need for a physical presence.
* Virtual accounts for precise and transparent fund tracking.
* Accelerated fund transfers to and from local accounts, ensuring a smoother customer experience.

"At Netbank, we aim to empower businesses like Kyú Reion by providing innovative banking solutions that enhance speed and efficiency," said Marianne Nueve, Business Development Manager at Netbank. "This partnership highlights our commitment to simplifying complex financial processes for our clients."
Netbank’s Virtual Collection Accounts are designed to streamline local operations in the Philippines, allowing Kyú Reion to efficiently collect PHP payments, manage funds, and repatriate them for cross-border transactions. This integration ensures faster and more effective operations while reducing delays.

“Partnering with Netbank is a gamechanger,” said Kyú Reion CEO Klaus Moon. “Collecting cross-border payments can be costly and cumbersome. Netbank’s solutions allow us to confidently launch and scale our services in the Philippines, and more importantly, become integrated into the local payment system that is already a part of our customers’ daily lives.”

Through this partnership, Netbank continues to build on its vision of enabling fintech innovation and financial inclusion in Southeast Asia, ensuring businesses like Kyú Reion can thrive in an ever-evolving financial landscape.

Netbank (a Rural Bank), Inc. is the first embedded finance platform in Southeast Asia operating on a full banking licence. It provides banking services, on a fully white-labelled basis, so that Filipino Fintechs can grow fast and reduce their costs, thus accelerating financial inclusion and innovation. It provides simple, creative, low cost solutions so partners can open accounts, offer loans and manage payments.

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