MegaLink

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MegaLink
Image:MegaLink_Logo.png
Operating area Philippines
Members 23
ATMs 1,668
Founded 1989

MegaLink (also spelled Megalink) is an interbank network connecting the 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."

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

  • Far East Bank (acquired by Bank of the Philippine Islands)
  • Urban Bank


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


Interbank networks by region
Multiregional:

Cirrus | Maestro | PLUS
Africa:

CashNet | Interswitch | SASWITCH
Asia Pacific:

1Link | ALTO | Artajasa | atm5 | ATM BCA | ATM Bersama | ATM BII (Superkasa) | BancNet | Bankline | Cashnet | CashTree | ENS | ETC | Expressnet | Himbara | JETCO | EPS | Link | MEPS | MegaLink | MITR | MNET | NFS | Nationlink | Sanwa | UnionPay | Yucho | FISC
Caribbean:

ATH | Midas | Unired
Europe:

4B | Altın Nokta | BankAxept | Bankomat | BKM | Cash Group | CB | DIAS | Eufiserv | Euronet | LINK | Multibanco | Ortak Nokta | Otto. | ServiRed | StarNet
Middle East:

123 | BANCS | Bankernet | CSC | JoNet | NAPS | OmanSwitch | Shetab | SPAN | UAE Switch
North America:

Abby | ACCEL/Exchange | Access 24 | Advantage | Alaska Option | Alert | Allpoint | Annie | ARN | Award | BankMate | BOH | Cash Station | Checkokard | CO-OP | Credit Union 24 | Credomatic | Discover Network | Easy Answer | Express | Express Teller | Fastbank | Gulfnet | HandiBank | Handy 24 | Honor | Instant Cash | Instant Teller | Interlink | Interac | Jeanie | KETS | LYNX | MAC | Magic Line | Member Access Pacific | Minibank | Money Belt | Money Network | MoneyMaker | Money Station | MOST | MPact | Networks | NYCE | Peak | Presto! | Pulse | Quest | RED | Red Total | SC 24 | Service Card System | SHAZAM | STAR | SUM | The Exchange | Transact | Transfund | TX Network | Tyme | Universal Money Center | Via | X-PRESS 24 | Yankee 24
South America:

GlobalNet | Link | Redbanc | Telebanco | Unicard | Conexus | Suiche 7B | Banelco
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