The Armed Forces and Police Savings & Loan Association, Inc., or AFSLAI, has joined electronic banking and payment network BancNet. Their membership agreement was signed at the AFSLAI headquarters in
Realtime money transfers through InstaPay reached over 97 million transactions last December according to InstaPay operator BancNet. Its CEO Elmarie S. Reyes said that this record-breaking volume set a new
Electronic banking consortium BancNet recently held its annual stockholders meeting online. BancNet president Fabian S. Dee told the stockholders that 2022 was a record year for the consortium, playing a
The Home Development Mutual Fund, more popularly known as Pag-IBIG Fund, recently recognized BancNet as the top performer among its collection partners in terms of number of transactions and amount
The Bangko Sentral ng Pilipinas and Philippine Payments Management Inc. recently launched Bills Pay Ph, a bills payment facility that enables customers of a participating bank or e-wallet to pay
Last September 2022, GoTyme Bank, Philippine interbank ATM and online banking network BancNet, and Visa, one of the world’s leaders in digital payments, formed a strategic partnership to address the
Real-time fund transfer service InstaPay processed an all-time high single-day volume of 2.08 million transactions last August 15. InstaPay enables customers of a bank or e-wallet to send and receive
Tonik Digital Bank and Union Digital Bank are the newest partners of InstaPay. Accountholders of Tonik Bank can now send and receive funds to and from other InstaPay partners in
The Bangko Sentral ng Pilipinas (BSP) recently designated Instapay as a prominently important payment system (PIPS) pursuant to the National Payment Systems Act. As defined in the Payment System Oversight
More banks and non-bank e-money issuers have joined the network of instaPay partners recently. They now enable the instant, convenient, and safe sending of money to accounts in other banks
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