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MegaLink Logo.png
Operating area Philippines
Members 20 (active)
ATMs 2,034
Founded 1989

MegaLink (also spelled Megalink) is an interbank network connecting the ATM networks of twenty-two* members in the Philippines with a total of more than 2,716* ATMs nationwide and handling more than 795,000* transactions a day. MegaLink is the largest interbank network in the Philippines with 11.5 million cardholders.

MegaLink is also known for its belief in universal sharing with the motto of "The Card for All."

(*August 2008 Data)



MegaLink was formed in September of 1989 by Equitable Banking Corporation (now merged with BDO), Far East Bank and Trust Company (now part of BPI), Philippine National Bank, and United Coconut Planters Bank, MegaLink, with its fundamental belief in universal sharing, became the first operational shared ATM network in the Philippines. It 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:

  • 1990 MegaLink became the first shared operational ATM network in the Philippines.
  • 1992 The founding banks of ATM Bersama, an Indonesian interbank network, turn to MegaLink's expertise as their model for a shared services network which eventually led to a partnership.
  • 1993 MegaLink launched the Debit Bills Payment over the ATM, as well as Purchases via POS terminals. MegaLink also received the prestigious Asian Institute of Management Award for Information Technology Management and becomes the only ATM network to gain the distinction.
  • 1994 MegaLink introduced Telephone banking (Phonelink) as the world's first consortium-based phone banking facility.
  • 1995 With its belief of universal sharing, MegaLink forged an alliance with BancNet for ATM transactions, and links up with VISA PLUS and MasterCard Cirrus through Equitable Bank for International transactions.
  • 1996 MegaLink hosted the 1st Philippine Electronic Banking Conference and Exhibition attended by over 300 participants from the industry.
  • 1997 MegaLink interconnected with Expressnet for ATM transactions.
  • 1998 MegaLink activated the Automated Reconciliation and Settlement System as well as MIS with Transaction Query system to its members.
  • 2000 MegaLink successfully migrated through Y2K.
  • 2002 MegaLink launched the Exposure Limit Management System (MELMS) to manage inter-bank settlement risks.
  • 2003 MegaLink launched Electronic Settlement with Bangko Sentral ng Pilipinas and becomes the first non-bank to participate in BSP's PhilPass. MegaLink also established its Disaster Recovery Site.
  • 2004 Mobile Banking Service via Smart Communications, MegaLink Internet Payment Service via Union Bank of the Philippines's the PORT as well as Interbank Funds Transfer (IBFT)service were launched.
  • 2005 MegaLink is the first to implement full ATM Switch Outsourcing in the country with iBank as its pilot bank. Debit Bills Payment via SMART mobile phones becomes available.
  • 2006 ATM Industry Association (ATMIA) signs up MegaLink as founding member in the Philippines counting the Philippines as its 50th member country.
  • 2007 MegaLink opens its membership to non-banks and accepts ENCASH Network Services ENS (The Philippines' first independent ATM deployer) and MASS-SPECC Cooperative Development Center (The Philippines' oldest cooperative federation. MegaLink partners with MediLink, the first and only electronic claims network serving the Philippine healthcare industry, to allow MegaLink cardholders to pay for medical services in accredited hospitals and clinics.
  • 2008 MegaLink was admitted to the Asian Payment Network (APN), which counts ATM networks in Singapore, Malaysia, Thailand and Indonesia as members. This membership paves the way for interconnection of ATM networks between member countries.
  • 2009 MegaLink hosted the 5th Asian Payment Network (APN) Forum attended by APN members from Indonesia (ARTAJAZA, ALTO, RINTIS), Malaysia (MEPS), Thailand (ITMX) and Singapore (NETS). ATM network form Korea (KFTC) and Philippines (BANCNET and EXPRESSNET, non-members of APN was invited to attended as observers. MegaLink also launched Batch-to-online IBFT service.

Members & Connections


Bank members

Non-Bank members


Former members

  • Active Bank (merged with Planters Bank);
  • AIG-Philam Savings Bank (acquired by East West Bank);
  • Asian Banking Corporation (merged with Global Bank then with Metrobank);
  • Banco Davao (acquired by All Asia Capital, now declared closed by PDIC);
  • Capitol Development Bank (acquired by RCBC Savings Bank);
  • DBS Bank Philippines (acquired by Bank of the Philippine Islands);
  • Ecology Bank (acquired by Equitable Bank then merged with PCI Bank (Equitable-PCI), now merged with BDO);
  • Equicom Savings Bank (transferred to BancNet (2009));
  • Equitable Bank (merged with PCI bank Equitable-PCI Bank, now merged with BDO);
  • Equitable Savings Bank (merged with BDO)
  • Far East Bank and Trust Company (acquired by Bank of the Philippine Islands);
  • Far East Savings Bank (acquired by Bank of the Philippine Islands; then sold to Sterling Bank of Asia);
  • GE Money Bank (acquired by Banco de Oro);
  • Insular Savings Bank (acquired by Citibank Savings Bank);
  • International Exchange Bank (merged with Union Bank of the Philippines);
  • Keppel Monte Bank (acquired by GE Money Bank);
  • Maybank (transferred to BancNet (2010));
  • Philippine National Bank (merged with Allied Bank);
  • Pilipinas Bank (merged with Prudential Bank, now acquired by Bank of the Philippine Islands);
  • Prudential Bank (acquired by Bank of the Philippine Islands);
  • Robinsons Savings Bank (transferred to BancNet (2008));
  • Traders Royal Bank (acquired by Bank of Commerce);
  • Urban Bank (declared closed by PDIC, now merged with Export and Industry Bank).

See also

External links

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


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