FROM shared ATMs to digital payment leadership, BancNet continues to connect the nation—one transaction at a time.
In 1990, a group of visionary banks came together to solve a simple but pressing problem: how to give their customers access to more ATMs, regardless of which bank they belonged to. The answer? BancNet—the Philippines’ first shared ATM network. Fast forward 35 years, and BancNet has evolved into a digital payments powerhouse, touching the lives of over 100 million Filipinos.
As a key enabler of financial inclusion, BancNet’s mission is to provide safe, convenient, and innovative payment solutions. It processes millions of transactions daily and facilitates interoperability between local and international card networks such as Visa, Mastercard, JCB, UnionPay, and American Express.
BancNet’s extensive infrastructure now includes over 27,600 ATMs and more than 607,000 POS terminals nationwide. In 2024 alone, it handled over 2.37 billion transactions worth P11.38 trillion, demonstrating its role as a backbone of the Philippine payments ecosystem.
Security and reliability are central to BancNet’s operations. It recently earned PCI DSS v4.0 certification and was appointed to the BSP’s Cyber Resilience Governance Council, reinforcing its commitment to cybersecurity and compliance.
The organization also maintains strong financials, with P1.88 billion in assets and P90.63 million in net income as of year-end 2024. Led by BDO President Nestor V. Tan as Chairman and Metrobank President Fabian S. Dee as President, BancNet’s leadership continues to push boundaries in innovation and digital transformation.
Beyond banking, BancNet is a trusted government partner. Its eGov platform facilitates secure online payments for SSS, PhilHealth, Pag-IBIG, and other public services. Its partnership with Pag-IBIG earned it the 2024 Top Non-Bank Collection Partner award for processing P27.5 billion in contributions.
Now celebrating its 35th anniversary, BancNet is gearing up for the future with plans to expand e-commerce capabilities, QR payment systems, and seamless cross-border interoperability. Its mission remains clear: to connect Filipinos to smarter, safer, and more inclusive financial services.
BancNet. Connecting the nation—building a smarter, safer financial tomorrow.
