BancNet eyes future-ready network

BancNet is gearing up for cross-border interoperability, mobile-based payment capabilities and wider platform connectivity as it prepares for sustained growth in digital commerce and financial inclusion after transaction volumes more than doubled last year.

- By KEISHA TA-ASAN

In its 2025 annual report, BancNet said the continued expansion of digital payments would require more investments to keep its network secure and resilient.

“Looking ahead, BancNet will continue to strengthen the foundations of the network while building future-ready capabilities,” BancNet chairman Nestor Tan and president Fabian Dee said in their report to shareholders.

“Initiatives such as cross-border interoperability, mobile-based payment capabilities and enhanced connectivity across platforms represent important steps in addressing the evolving needs of digital commerce and financial inclusion,” they said.

BancNet processed 5.67 billion approved switched transactions in 2025, more than double the 2.32 billion transactions in 2024, as electronic payments became more embedded in the daily lives of Filipinos.