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File:MegaLink Logo.png
Operating area Philippines
Members 23
ATMs 1,668
Founded 1989

MegaLink (also spelled Megalink) is an interbank network connecting the Automatic teller machine|ATM networks of twenty-three major banks in the Philippines. It is the largest interbank network in the Philippines in terms of members, ATMs, and transactions, but is the second-largest in terms of member banks.

MegaLink is also known for its belief in universal sharing, which in turn led to it being the only ATM consortium linked to both BancNet and Expressnet.

At present, MegaLink has 9.5 million customers and has 1,668 ATMs operating 24 hours a day. However, if the BancNet and Expressnet ATMs are counted, MegaLink has a hold on 5,750 ATMs nationwide, the largest in the Philippines. With this belief, the motto of MegaLink is "The Card for All."



MegaLink was formed on September of 1989 as the first ATM consortium in the Philippines. Consisting of Equitable Bank (now Equitable PCI Bank), Far East Bank (now part of BPI), Philippine National Bank, and United Coconut Planters Bank, MegaLink became operational on March 19, 1990 with a total of 88 ATMs, 130,000 customers, and an average of 200 transactions a day.

In 1993, ATM Bersama, an Indonesian interbank network, looked to MegaLink to establish its model, which eventually led to a partnership. Bills payment via ATM was also launched that year, as well as PayLink, the MegaLink EFTPOS network. In 1994, MegaLink ATM cardholders were opened to the outside world when Equitable Bank linked its ATMs to the PLUS and Cirrus (interbank network)|Cirrus networks of VISA (credit card)|VISA and MasterCard respectively. PhoneLink, the MegaLink telephone banking service, was also launched.

With its belief in universal sharing, MegaLink forged an alliance with BancNet in 1995 and with Expressnet on May 6, 1997.

Internet banking and mobile phone banking for Smart customers were launched in 2004, while bill payment facilities to Smart subscribers became available in 2005. Inter-bank funds transfer via the ATM was also launched in 2004.

Today, MegaLink is known as the largest Philippine ATM consortium, with 9.5 million customers, 23 member banks, and 300,000 transactions.

MegaLink Mission : To help promote economic growth, we enable the swift exchange of money & information using shared resources to serve account holders, member banks and other partners with convenient & cost-effective electronic access to accounts anytime, anyhow, anywhere. <P> MegaLink Vision : We are the premier service provider for electronic exchange of Financial Transactions & Information in the Country. <P> MEGALINK MANAGEMENT PHILOSOPHY : Top Management Participation in the Board. The MegaLink Board and Executive Committee consist of member bank CEOs and COOs, supported by a Management Committee that consists of senior business executives of the Banks. The Board sets corporate directions, approves guiding principles, approves plans and budgets. The ManCom has delegated authorities to formulate policies and oversees all other lower committees. The Operations and Projects Oversight Committees have been formed to address issues and concerns more effectively and efficiently. MegaLink, Inc. handles operations and implements all policies, plans and projects. Service Paradigm. The service paradigm is anchored on the principle that the switch company exists to serve its member banks, in order that the bank can provide the best service to its clients and cardholders. <P> Key Management Focus

  1. Customer Satisfaction
  2. Reliability (Performance, Security, Integrity)
  3. Cost Efficiency
  4. Reach of Network
  5. Range of Services
  6. Standardization


MegaLink is the primary network of the following banks listed below:

Current members

Former members

See also

External links

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

Template:Interbank networks

 Category:Interbank networks

Original Source

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