BANKING has never been easier with the introduction of digital payments and real-time electronic transfers. People no longer need to travel to physical bank branches to make transactions; nor do they need to wait for several days before they can claim their money. All of these have been made possible by BancNet.
BancNet is a digital payment network that allows customers to transact via the internet, smartphone, point-of-sale (POS) terminals and automated teller machines (ATM). BancNet is better known for being the operator of Instapay, which allows customers to transfer money digitally in real time.
SUPPORTING GOVERNMENT FINANCE In photo are (From left) Home Development Mutual Fund (Pag-IBIG) Acting Deputy CEO Marcial Pimentel Jr., Pag-IBIG Deputy CEO Alexander Hilario Aguilar, BancNet Product Manager Alvin Sore, Pag-IBIG CEO Marilene Acosta, BancNet Client Services Head Jenny Cariño, Pag-IBIG Deputy CEO Benjamin Felix Jr. and Deputy CEO Robert John Cosico. PHOTO FROM BANCNET
As this banking consortium celebrates its 35th anniversary, BancNet continues to demonstrate resilience and growth across the digital banking sectors of the country.
“We made significant strides in bolstering our digital resilience through enhancement to infrastructure, security and disaster preparedness. A core element of enhancing resilience was modernizing our primary data center for increased capacity and availability,” President and CEO of Metrobank President and CEO Fabian Dee says. Dee has been reelected as BancNet chairman of the board along with Nestor Tan, president and CEO of BDO.
According to Dee, BancNet’s financial foundation has also been strengthened by notable increase in assets and equity. BancNet’s total assets grew by 10 percent, while total equity grew by 6 percent.
A significant milestone this year for BancNet was being awarded as the Top Non-bank Collection Partner of the Home Development Mutual Fund or Pag-IBIG Fund during its Chairman’s Report last Feb. 27, 2025.
With the use of BancNet’s e-Gov platform, people could easily process Pag-IBIG Fund transactions conveniently. Such transactions include employee contributions and payment to government agencies.
STRENGTHENING CYBER SECURITY BancNet is appointed as a member of the Financial Cyber Resilience Governance Council. PHOTO FROM BANCNET
As a result, BancNet has yielded the highest volume of Pag-IBIG Fund collections last year in the nonbank category, reaching 1.27 million transactions worth P39.2 billion. This marks a 5-percent increase from the previous year.
In support of the country’s cyber resilience framework, which is a crucial component in digital finance, BancNet had been appointed by the Banko Sentral ng Pilipinas (BSP) to the Financial Cyber Resilience Governance Council (FCRGC). The FCRGC will help promote strong cybersecurity measures, governance and collaboration in the financial sector.
FCRGC has also been in charge of implementing the Financial Services Cyber Resilience Plan, launched by BSP in August last year. The appointment of BancNet underscores its significance as a pioneer in the Philippines’ digital payment system.
“I look forward to working with BSP and my esteemed industry colleagues to contribute to a safer digital financial environment for all,” said BancNet CEO Emmie Reyes says.
In pursuit of excellence and growth, BancNet also holds annual training seminars for industry professionals, particularly in the operations of ATM and POS convenience as well as important banking policies.
At BancNet’s recent seminar, experts and participants have engaged in discussions about critical operational guidelines and requirements, compliance standards, handling of captured cards and disputes, network security, and monitoring guidelines for smooth and efficient transactions.
BancNet’s recent achievements and activities have proven its growth and contribution to the Philippine financial landscape, proving finance and banking could not only be convenient but also efficient.
Happy anniversary, BancNet!
