IT’S ALL ABOUT MAKING INNOVATIONS

BancNet pioneered ATM networking in the Philippines. In 1990 with eight banks in the loop: Allied Banking Corporation; China Banking Corporation; Citytrust (now BPI Family), Interbank, Metropolitan Bank and Trust Company, Philippine Commercial International Bank (now Equitable- / PCI Bank); Rizal Commercial Banking Corporation and Security Bank Corporation. Other financial institutions like Citibank N.A. and Philbank eventually joined the network.

Today, BancNet is the largest ATM consortium in the country with 29 member banks, boasting over 4 million cardholders. It also enjoys the largest volume of transactions with the number increasing dramatically every year since its conception.

BancNet has also interconnected with the two other major ATM networks in the country- first with Megalink in 1993, then recently with ExpressNet. Now, BancNet cardholders enjoy an even wider access to over 5,000 ATMs nationwide.

BancNet expanded its services starting in 1993 when BancNet introduced Bills Payment through the use of the ATM. Bills Payment gives cardholders the convenience of paying their bills- utilities, credit cards, insurance, cable TV and telecommunications, and even give donations- anytime without having to go to payment centers.

Payment at Point-of-Sale (POS) using the ATM card was offered in 1994, allowing cardholders to shop, buy groceries and gas up at accredited merchants nationwide without cash.
 

Enhancing banking convenience further for its clients, it has introduced a series of innovations year after year:

Our mission and vision:

             BancNet is the leading electronic network for the convenient, reliable, efficient, and secure delivery of financial and related services for member institutions, affiliates, and their customers locally and globally, through outstanding corporate governance, synergy of resources and the best utilization of technology.

BANK MEMBERS