Brankas

Brankas is a software provider for open finance, direct account-to-account and host-to-host bank transfers and instant payouts in Southeast Asia. It was founded in 2016 and operates from Singapore, Jakarta and Manila.

Products The listed products are Brankas Direct (an A2A transfer API), Disburse for instant payouts, an Open Banking Core Switch for banks and Account Verify. The company states that it covers more than 80% of bank traffic in Indonesia and the Philippines.

Markets and customers Stated coverage is Indonesia, the Philippines, Thailand, Vietnam, Singapore and Malaysia. Target customers are PSPs, banks, e-commerce, remittance, gaming and lending.

Commercial model Merchants and PSPs pay an API fee per transaction, while banks license the software. Rates and the bank list per country are not published, so a team entering a specific market should ask which banks are live there.