Reference articles on history, science, culture and more
Surprise meSurprise meSubscribe
Encyclopedia

MegaLink

Wikipedia contributorsAdapted for Fathomly · View authors
1 min read
Source updated March 11, 2026

MegaLink (also spelled as 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. It was established in 1989; it was later repurposed in 2015.

01History

MegaLink was formed in September 1989 by Equitable Banking Corporation (now merged with Banco de Oro), Far East Bank and Trust Company (now part of BPI), Philippine National Bank (currently a BancNet member), and United Coconut Planters Bank.

MegaLink was launched on March 19, 1990. MegaLink was linked with both BancNet and Expressnet.

In 1995, MegaLink forged an alliance with BancNet. In 2003, MegaLink launched an Electronic Settlement with the Bangko Sentral ng Pilipinas. In 2006, the ATM Industry Association (ATMIA) signed up MegaLink as a founding member in the Philippines. In 2011, MegaLink was interconnected with the Korea Financial Telecommunications and Clearings Institute (KFTC) in South Korea.

In late January 2015, MegaLink and BancNet announced their merger. BancNet is the sole surviving entity, while MegaLink has been repurposed. MegaLink now lists itself as a BancNet member under the independent ATM deployer category. Following the repurposing, MegaLink and its assets were sold to the Japanese conglomerate Hitachi, of which MegaLink is now a subsidiary.

Interface of a BDO Unibank ATM in Bacoor, Philippines. BDO Unibank, an original MegaLink member bank, retains the use of MegaLink nomenclature and design in its software despite its mandated transfer to BancNet.
Interface of a BDO Unibank ATM in Bacoor, Philippines. BDO Unibank, an original MegaLink member bank, retains the use of MegaLink nomenclature and design in its software despite its mandated transfer to BancNet.
Interface of a MegaLink-deployed BancNet ATM at a SevenBank ATM in Parañaque, Philippines. This ATM is using on-screen software standardized by BancNet.
Interface of a MegaLink-deployed BancNet ATM at a SevenBank ATM in Parañaque, Philippines. This ATM is using on-screen software standardized by BancNet.
Watch videos about MegaLinkExplainers and documentaries on YouTube (opens in a new tab)

Sources and credits

This article is adapted from the Wikipedia article “MegaLink”, written by its contributors and licensed under CC BY-SA 4.0. Fathomly has changed the layout, removed citation markers, navigation and maintenance notices, and adjusted punctuation. This adapted version is shared under the same license. For references, see the original article.

Images, from Wikimedia Commons:

Fathomly is not affiliated with or endorsed by the Wikimedia Foundation. Spotted a problem? Tell us.

Continue exploring

Related topics

BancNet

BancNet is a Philippine-based interbank network connecting the ATM networks of local and offshore banks, and the country's single interbank network in the Philippines in terms of the number of member banks and annual transactions. Due to its status as the country's single ATM switch operator, it is designated by the Bangko Sentral ng Pilipinas (BSP) as the country's national ATM network.

Expressnet

Expressnet is an interbank network connecting the ATM networks of seven major banks in the Philippines. It has the second-largest number of ATMs and the smallest number of customers and member banks.

ATM usage fees

ATM usage fees are what many banks and interbank networks charge for the use of their automated teller machines. In some cases, these fees are assessed solely for non-members of the bank; in other cases, they apply to all users.