The Bangko Sentral ng Pilipinas launched last October 12 the QR Ph payment facility that enables consumers to pay for goods and services by simply scanning the QR Ph code.
Bank of China Manila (BOC) recently launched its interconnection with BancNet, the largest interbank network in the Philippines. This allows BOC cardholders to now use their BOC debit cards for
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
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