BancNet was awarded once again by the Home Development Mutual Fund (HDMF), more popularly known as Pag-IBIG Fund, as Top Non-Bank Collection Partner during the Pag-IBIG Fund Chairman’s Report for 2024 and awards ceremony held at the PICC in Pasay City on February 27, 2025.
BancNet was recognized for processing the highest volume and value of Pag-IBIG collections in 2024 in the non-bank category amounting to more than 1.27 million transactions worth Php 39.2 billion. The transactions in 2024 increased by 5% compared to 1.21 million in 2023, while the total collections rose by a hefty 42%, or Php11.66 billion.
Pag-IBIG transactions are processed through BancNet’s e-Gov platform, a solution that enables employers to easily and conveniently remit their employees’ contributions and payments to government agencies, including Pag-IBIG Fund. BancNet has been a trusted collection partner of Pag-IBIG for the past 12 years, leveraging its e-Gov solution and network of 21 partner banks.
From left: HDMF Acting Deputy CEO Atty. Marcial Pimentel Jr., Deputy CEO Alexander Hilario Aguilar, BancNet Product Manager Alvin Sore, HDMF CEO Marilene Acosta, BancNet Client Services Head Jenny Cariño, HDMF Deputy CEO Benjamin Felix Jr., and Deputy CEO Robert John Cosico.
