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
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