Netbank Offers Tailored Savings Accounts for Filipino Facebook Groups’ Membersby Fintech News Philippines November 9, 2023
Netbank, a Filipino bank specialising in partnership-based banking, has launched new savings accounts in collaboration with several Filipino Facebook Groups. This offering is designed to meet the unique needs and preferences of specific communities.
This partnership-based banking approach allows the bank to offer its services directly to members of online communities.
By working with groups such as Digital Banks Ph and Tipid Hacks Philippines, Netbank ensures that its services are easily accessible to individuals who share common interests and goals.
One of the standout features of Netbank’s partnership-based savings accounts is the introduction of raffle-based savings. This allows members of participating Facebook Groups to save and earn chances to win prizes, creating an engaging and rewarding savings experience.
These Facebook groups will direct its members to Netbank’s banking app where they can reportedly open a savings account in approximately 10 minutes.
This savings account will provide them access to a wide range of banking services, including payments via Instapay, bill payments, and transaction information.
“Netbank is thrilled to collaborate with Facebook Groups to introduce partnership-based savings accounts that cater to the unique needs and aspirations of specific communities.
Our goal is to provide accessible and innovative banking solutions that empower individuals to achieve their financial goals while strengthening the groups that we partner with.”
said YP Raneses, Head of Mobile Banking and Networks at Netbank.