BancNet is the Philippines’ single ATM switch operator. It is a multi-bank and multi-channel electronic payments network which enables members’ customers to transact, not only at Automated Teller Machines (ATM), but also at point-of-sale (POS) terminals, the internet, and mobile phones.
Aside from cash withdrawal service at ATMs, BancNet provides a wide range of services through different channels such as balance inquiry, bill payments, interbank transfers, etc.
Its interconnection with international networks enables foreign cardholders to access their accounts in the Philippines while also allowing Philippine-issued debit cards to access their accounts overseas.
CIMB Bank, in partnership with BancNet, has issued debit cards to UpSave customers to make transactions easier using the various channels and services available to its member banks.
