This solution will allow FinTechs, banks and eWallets to “rapidly deploy modern, flexible card issuing across both consumer and commercial segments,” Thredd said in a Wednesday (Dec. 9) news release.
“The Philippines presents a dynamic growth opportunity, particularly in social commerce, micro merchants, and the SME/SMB segment,” Thredd CEO Jim McCarthy said in the release.
“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.”
The release notes that the Philippines is undergoing strong growth in digital payments volume and value, with an estimated compound annual growth of 13.8% in digital payments through 2033, per central bank and third-party data.
To capitalize on this, Netbank is deploying its CaaS solution, which leverages Thredd’s card issuing platform, supporting both virtual and physical cards “with advanced spend controls, real-time card creation APIs, a robust card management system, an intuitive operations portal, and seamless integration with Google Pay,” the release added.
Advertisement: Scroll to Continue
Thredd also recently formed a partnership with loyalty technology provider Gennius XYZ to help that company expand into new markets, instantly issue virtual cards and access cloud-native payments infrastructure.
And last month, Thredd signed an agreement allowing it to connect across three global Visa Cloud Connect endpoints. This allowed Thredd to access Visa’s global payments network VisaNet, eliminating the need for multiple regional integrations and helping its clients enter new geographies, the company said.
PYMNTS spoke earlier this year with Edwin Poot, chief technology officer at Thredd, about the embrace of agentic artificial intelligence (AI) by banks and FinTechs.
“I think what people usually tend to forget is … once this takes off and you’ll deploy agents per transaction, this will require changes to the infrastructure and the ways in which you manage those agents. People can underestimate that,” he said.
Thredd, that report added, is helping financial institutions use agentic AI to pioneer intelligent transaction orchestration, going beyond traditional automation to create improved efficiency and customer experience.
“This shift aims to redefine how financial institutions issue and manage cards, optimize real-time decisions and combat sophisticated fraud, charting a course toward a more responsive financial ecosystem,” PYMNTS wrote.
