Nationlink (interbank network)

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For other uses, see Nationlink (disambiguation).

Nationlink
Operating areaPhilippines
MembersSavings banks
FoundedMay 18, 2006
Websitebancnetonline.com

Nationlink is an

USAID funded Ateneo de Manila University research suggests that the network is beneficial for handling remittances.[1]

Nationlink's members consist mostly of

overseas Filipino worker
(OFW) market, since many OFWs and their dependents hail from the provinces. It intends to provide services previously unavailable in more remote areas of the Philippines, such as real-time remittance transfers and electronic bank account access.

The network is the first Philippine interbank network to rely largely on wireless communications, specifically on Shops Work Unplugged (SWUP), a product offered by the

Philippine Long Distance Telephone Company (PLDT). Nationlink ATMs have built-in wireless modems
that communicate with the PLDT landline telephone network wirelessly. Through SWUP, the network can install ATMs almost anywhere.

History

The network debuted in

Diebold, as well as other companies. As of 2007 it operated twenty ATMs. By 2007, the network had access to BancNet, Expressnet
and MegaLink.[2]

Member Institutions

  • Agdao Multi-Purpose Cooperative (AMPC)
  • Aurora Integrated Multi-Purpose Cooperative (AIMCOOP)
  • Basey-1 Multi-Purpose Cooperative
  • Rural Bank of Bato, Inc.
  • Basak Layog Multi-Purpose Cooperative, Inc. (BLAMPCI)
  • Alalay Sa Kaunlaran, Inc. (ASKI)
  • Rural Bank of Cantilan, Inc. (Cantilan Bank; Powered by Bancnet, Of Which Is A Proud Member)
  • Peoples Bank of Caraga
  • Catmon Coop
  • Coop Bank of Tarlac, Inc.
  • Community Rural Bank of Dapitan, Inc.
  • Gubat St. Anthony Cooperative, Inc. (GSAC)
  • Rural Bank of Hilongos, Inc.
  • Rural Bank of Hindang, Inc.
  • Rural Bank of Koronadal
  • Holy Child Multi-Purpose Cooperative (HCMPC)
  • Loay Multi-Purpose Cooperative
  • Cooperative Bank Of Quezon Province, Inc. (CBQ)
  • North East West South Multi-Purpose Cooperative (NEWS-MPC)
  • Rural Bank of Norzagaray, Inc.
  • Metro Ormoc Credit Cooperative, Inc. (OCCCI)
  • Optimum Development Bank (ODB)
  • Palawan Savings Bank
  • Palompon Community Cooperative, Inc. (PACCI-MPC)
  • Perpetual Help Community Cooperative
  • Perpertual Help Credit Cooperative, Inc. (PHCCI-TACLOBAN)
  • Pintuyan National Vocation School (PNVS)
  • Rural Bank of Datu Paglas, Inc.
  • Rural Bank of Dulag, Inc.
  • Rural Bank of Gattaran, Inc.
  • Rural Bank of Jamindan, Inc.
  • Rural Bank of Paracale, Inc.
  • Sta. Cruz Development Cooperative (SACDECO)
  • Rural Bank of San Mateo, Inc. (RBSMI)
  • St. Peter And Paul Multi-Purpose Cooperative (SPMPC)
  • Tayabas Community Multi-Purpose Cooperative (TCMC)
  • Rural Bank of Zambales, Inc
  • Barangka Credit Cooperative

See also

References

  1. ^ "Study confirms the importance of network". Philippine Daily Inquirer. December 7, 2007. Retrieved February 17, 2022.
  2. ^ "USAID study backs Nationlink network". The Manila Times. November 7, 2007. Retrieved February 17, 2022.

External links

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