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MegaLink
Product type
Online bank
Country
Philippines
Introduced
1989
Discontinued
2015
Markets
8 members with 3,413 ATMs across the Philippines
Website
http://www.megalink.com.ph/
MegaLink (also spelled Megalink) is a Philippine-based developer of mobile and banking software as well as a service provider for banks, specifically for Automatic Teller Machine (ATM) networks and point of sale systems for banks. From its establishment in 1989 until 2015, it has pioneered in the interconnectivity of several banks in the country by being the first Interbank Network with different banks as its members.
At the planned re-purposing and decommissioning, it had a total of more than 2,921 Automated Teller Machines nationwide and handled more than 795,000 transactions a day. MegaLink was the largest interbank network in the Philippines with 13.1 million cardholders.[citation needed]
MegaLink is also known for its belief in universal sharing with the motto of "The Card for All."[citation needed]
By late January 2015, MegaLink and BancNet had announced their merger.[1] BancNet is the sole surviving entity, while MegaLink has been re-purposed.[2] MegaLink now lists itself as a BancNet member, under the independent ATM deployer category.[3]
Following the repurposing, MegaLink and its assets were sold to the Japanese conglomerate Hitachi, of which MegaLink is now a subsidiary.
^Torres, Ted P. "BancNet, MegaLink merger marks 'new beginning' in e-payments". philstar.com.
^"BusinessWorld | Philippines to have unified ATM network by next year". Bworldonline.com. Retrieved February 24, 2020.
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