MegaLink

MegaLink
Operating area Philippines
ATMs 3,413
Founded 1989

MegaLink (also spelled Megalink) is an interbank network connecting the ATM networks of thirteen* participants in the Philippines with a total of more than 2,921* ATMs nationwide and handling more than 795,000* transactions a day. MegaLink is the largest interbank network in the Philippines with 13.1 million cardholders.

MegaLink is also known for its belief in universal sharing with the motto of "The Card for All." (*January 2011 Data)

By late January 2015, MegaLink and BancNet announced their merger.[1]

History

MegaLink was formed in September 1989 by Equitable Banking Corporation (now merged with Banco de Oro), Far East Bank and Trust Company (now part of BPI), Philippine National Bank (currently a BancNet member since Allied Bank merger was completed in 2013 as its surviving brand) and United Coconut Planters Bank, with its fundamental belief in universal sharing, it became the first operational shared ATM network in the Philippines. MegaLink was launched on March 19, 1990 with shared resources of 88 ATMs, a base of 130,000 cardholders, and an average of 200 transactions a day. MegaLink is the first Philippine consortium to link with both BancNet and Expressnet.

MegaLink Milestones:

Major members

Defunct banks

See also

References


Philippine interbank networks
BancNet | ENS | Expressnet | MegaLink | Nationlink
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