When and why should we opt for a Brankas settlement partner?
- For financial institutions not currently on the instaPay and/or PESONet network, Brankas Direct is capable of moving funds to such institutions via our settlement partner.
- Fund transfers via Brankas settlement partners are directly debited from the end user’s bank account and credited to the settlement account of the Brankas settlement partner via an intra-bank fund transfer. The settlement partner will then credit the intended beneficiary account in the beneficiary financial institution via a settlement account that they maintain in the said institution.
- In order to enable this fund transfer channel, the settlement partner will need to open and maintain a settlement account with the beneficiary financial institution.
- Brankas can assist in setting up the settlement process with the beneficiary financial institution.
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