How Bancnet started

by The Manila Times

Jul 14, 2022 12:05 am

BancNet, the Philippines single ATM switch operator is a multi-bank, multi-channel electronic payments network that enables its members' customers to transact not only at ATMs but also at point-of-sale (P.O.S.) terminals, the internet and mobile phones. It started operations on July 17, 1990.

Its interconnection with international ATM and POS networks Diners Club, Discover Card, KFTC, JCB, MasterCard, Union Pay, and VISA, enables foreign cardholders to access their accounts in the Philippines.

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