The community quarantines imposed by the government to curb the spread of covid 19 accelerated the digitalization of payments in 2020, figures from BancNet, a multi-bank electronic payment network, show.

Fabian S. Dee was recently elected president of BancNet for the term 2021-2022. Dee, who is concurrently president of one of the country’s top tier banks, Metrobank, succeeds Cezar P.

Individuals can now send money instantly through more institutions with instaPay. The real-time electronic fund transfer service is now being offered by 42 financial institutions, including banks and non-bank electronic

Electronic banking and payment network BancNet recently received its certificate of compliance after passing the assessment for the Payment Card Industry Data Security Standard (PCI DSS) version 3.2.1. PCI DSS

The shareholders of electronic banking consortium BancNet, Inc. elected the company’s directors and officers during their annual stockholders’ meeting held June 30, 2020. Nestor V. Tan and Cezar P. Consing

instaPay, the electronic money transfer service operated by BancNet, marked its second year in the market last April with an all-time-high volume of 8,860,959 transactions during the month. This is

BancNet’s shareholders recently elected the company’s board of directors for the term 2019-2020. Re-elected were: Edwin R. Bautista, president and CEO of Union Bank; Gil A. Buenaventura, president and CEO

During its annual stockholders’ meeting recently, BancNet reported that it grew its network to 20,771 ATMs and 270,872 point-of-sale terminals as of yearend 2018. These figures represent growth rates of

Manila – April 25, 2019 – BancNet, the national clearing switch operator for InstaPay, a real-time retail payments system in the Philippines, will tap into Mastercard’s expertise and the next-generation

BancNet was declared certified compliant with the latest Payment Card Industry Data Security Standard (PCI DSS). PCI DSS is a global information security standard used by all major card brands.