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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." HISTORY 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 , Bersama , an Indonesian interbank network, looked to MegaLink to establish its model, which eventually led to a partnership. 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. With its belief in universal sharing, MegaLink forged an alliance with BancNet in 1995 and with Expressnet on May 6 , 1997 . Today, MegaLink is known as the largest Philippine ATM consortium, with 9.5 million customers, 23 member banks, and 300,000 transactions. MEMBERS MegaLink is the primary network of the following banks listed below: Current members
¹: These banks use only one type of ATM called an "Fasteller". ²: This bank uses one type of ATM in the Philippines, Malaysia, Singapore, and Brunei. Former members SEE ALSO EXTERNAL LINKS |
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