Netbank has partnered with consumer finance platform Skyro to power its cash management system. The integration provides the digital banking infrastructure needed to automate Skyro’s local payment collections.
Skyro has deployed the payment collection product to offer borrowers real-time payment options. Customers can settle their loans instantly through supported banking or e-wallet channels.
This automation removes manual verification delays, reduces operational bottlenecks, and improves collection efficiency for the lender.
The integration improves the payment process across Skyro’s product portfolio. This includes product loans for retail purchases, cash loans for personal needs, and its revolving digital credit line, SkyroCredit.
By using Netbank’s secure API banking rails, consumer finance platforms can automate heavy transactional workflows without building complex clearing networks from scratch.
“Our payment solutions are uniquely engineered to make digital payment collection effortless and highly scalable,”
said Amiel De Sotto, Head of Lenders, Netbank.
“Making credit more accessible does not stop at approval, as it also means making repayment simple, secure, and available through the channels our customers already use every day,”
said Nasim Aliev, Co-Founder and Co-CEO, Skyro.
Featured image credit: Edited by Fintech News Philippines, based on image by smartmalik6384 via Magnific
