{"id":5962,"date":"2026-06-08T11:17:02","date_gmt":"2026-06-08T03:17:02","guid":{"rendered":"https:\/\/sandbox.skyrocket.ph\/bancnet\/?page_id=5962"},"modified":"2026-06-08T12:00:28","modified_gmt":"2026-06-08T04:00:28","slug":"2019-bancnet-annual-report","status":"publish","type":"page","link":"https:\/\/sandbox.skyrocket.ph\/bancnet\/2019-bancnet-annual-report\/","title":{"rendered":"2019 BancNet Annual Report"},"content":{"rendered":"\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\n\t\n\t\n\t\n<\/svg>\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

2019 BancNet Annual Report<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
\n\t\t\t\t\t
\n\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

PUBLISHED APRIL 12, 2020<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

The 2019 BancNet Annual Report documents a year of strong growth, meaningful innovation, and the kind of quiet, behind-the-scenes reliability that millions of Filipinos depend on every day. As the country’s leading electronic banking consortium and core digital payments network, BancNet continued building the infrastructure that connects banks, e-money issuers, and cardholders across a rapidly evolving financial landscape.<\/p>

This was a year defined by record-breaking numbers and forward-looking initiatives that would shape how Filipinos pay, transfer money, and interact with financial services for years to come. From accelerating real-time fund transfers to helping develop a national QR code standard, the 2019 BancNet annual report reflects an organization that was actively shaping digital payments in the country.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

Here are the key highlights from the BancNet annual report:<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\n\t\t\t\t\t\t
\n\t\t\t\t\n\t\t\t\t<\/path><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t
\n\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\tTransaction Volumes Hit a New High:<\/span> BancNet processed over 831.07 million switched transactions in 2019, a 25% increase from the 664.91 million transactions handled the year prior. For a network managing payments across multiple channels simultaneously, sustaining that level of growth while keeping systems stable is a significant operational achievement.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\n\t\t\t\t\t\t
\n\t\t\t\t\n\t\t\t\t<\/path><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t
\n\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\tInstaPay Took Off:<\/span>Among the most striking figures in the 2019 BancNet annual report is the growth of InstaPay, the real-time electronic fund transfer service that BancNet operates as clearing switch. Transaction volume grew by 1,303% year-on-year, a number that reflects just how quickly instant PHP transfers had become part of everyday financial life in the Philippines. The BancNet online infrastructure absorbed that growth without missing a beat, a testament to the Vocalink-powered platform investments made the previous year.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\n\t\t\t\t\t\t
\n\t\t\t\t\n\t\t\t\t<\/path><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t
\n\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\tBuilding the QR Ph Standard:<\/span> Working closely with the Bangko Sentral ng Pilipinas (BSP) and the Philippine Payments Management, Inc. (PPMI), BancNet helped develop QR Ph, the Philippines' official QR code payment standard. Built on the globally recognized EMV secure payment architecture, QR Ph was designed to make digital payments more accessible and interoperable across different financial institutions and platforms.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\n\t\t\t\t\t\t
\n\t\t\t\t\n\t\t\t\t<\/path><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t
\n\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\t Staying Compliant with Global Security Standards:<\/span> BancNet maintained its annual certification under the Payment Card Industry Data Security Standard (PCI DSS), keeping the network aligned with international security protocols. For the banks and other financial institutions, and millions of cardholders that rely on BancNet every day, this kind of compliance provides an important layer of assurance that their transactions are protected.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Looking for the full BancNet annual report PDF? You can download the complete
2019 BancNet annual report below.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tDownload PDF (6.9MB)<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
\n\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\n\t\n\t\n\t\n<\/svg>\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

WORK WITH US<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

Career Journeys Start Here<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tExplore our latest job vacancies <\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

2019 BancNet Annual Report PUBLISHED APRIL 12, 2020 The 2019 BancNet Annual Report documents a year of strong growth, meaningful innovation, and the kind of quiet, behind-the-scenes reliability that millions of Filipinos depend on every day. As the country’s leading electronic banking consortium and core digital payments network, BancNet continued building the infrastructure that connects […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-5962","page","type-page","status-publish","hentry"],"yoast_head":"\n2019 BancNet Annual Report | BancNet<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sandbox.skyrocket.ph\/bancnet\/2019-bancnet-annual-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2019 BancNet Annual Report | BancNet\" \/>\n<meta property=\"og:description\" content=\"2019 BancNet Annual Report PUBLISHED APRIL 12, 2020 The 2019 BancNet Annual Report documents a year of strong growth, meaningful innovation, and the kind of quiet, behind-the-scenes reliability that millions of Filipinos depend on every day. As the country’s leading electronic banking consortium and core digital payments network, BancNet continued building the infrastructure that connects […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sandbox.skyrocket.ph\/bancnet\/2019-bancnet-annual-report\/\" \/>\n<meta property=\"og:site_name\" content=\"BancNet\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-08T04:00:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sandbox.skyrocket.ph\/bancnet\/wp-content\/uploads\/2026\/06\/AnnualReport-2019.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"379\" \/>\n\t<meta property=\"og:image:height\" content=\"490\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/sandbox.skyrocket.ph\\\/bancnet\\\/2019-bancnet-annual-report\\\/\",\"url\":\"https:\\\/\\\/sandbox.skyrocket.ph\\\/bancnet\\\/2019-bancnet-annual-report\\\/\",\"name\":\"2019 BancNet Annual Report | BancNet\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sandbox.skyrocket.ph\\\/bancnet\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/sandbox.skyrocket.ph\\\/bancnet\\\/2019-bancnet-annual-report\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/sandbox.skyrocket.ph\\\/bancnet\\\/2019-bancnet-annual-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/sandbox.skyrocket.ph\\\/bancnet\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/AnnualReport-2019.webp\",\"datePublished\":\"2026-06-08T03:17:02+00:00\",\"dateModified\":\"2026-06-08T04:00:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/sandbox.skyrocket.ph\\\/bancnet\\\/2019-bancnet-annual-report\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/sandbox.skyrocket.ph\\\/bancnet\\\/2019-bancnet-annual-report\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/sandbox.skyrocket.ph\\\/bancnet\\\/2019-bancnet-annual-report\\\/#primaryimage\",\"url\":\"https:\\\/\\\/sandbox.skyrocket.ph\\\/bancnet\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/AnnualReport-2019.webp\",\"contentUrl\":\"https:\\\/\\\/sandbox.skyrocket.ph\\\/bancnet\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/AnnualReport-2019.webp\",\"width\":379,\"height\":490},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/sandbox.skyrocket.ph\\\/bancnet\\\/2019-bancnet-annual-report\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/sandbox.skyrocket.ph\\\/bancnet\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"2019 BancNet Annual Report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/sandbox.skyrocket.ph\\\/bancnet\\\/#website\",\"url\":\"https:\\\/\\\/sandbox.skyrocket.ph\\\/bancnet\\\/\",\"name\":\"BancNet\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/sandbox.skyrocket.ph\\\/bancnet\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"2019 BancNet Annual Report | BancNet","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sandbox.skyrocket.ph\/bancnet\/2019-bancnet-annual-report\/","og_locale":"en_US","og_type":"article","og_title":"2019 BancNet Annual Report | BancNet","og_description":"2019 BancNet Annual Report PUBLISHED APRIL 12, 2020 The 2019 BancNet Annual Report documents a year of strong growth, meaningful innovation, and the kind of quiet, behind-the-scenes reliability that millions of Filipinos depend on every day. As the country’s leading electronic banking consortium and core digital payments network, BancNet continued building the infrastructure that connects […]","og_url":"https:\/\/sandbox.skyrocket.ph\/bancnet\/2019-bancnet-annual-report\/","og_site_name":"BancNet","article_modified_time":"2026-06-08T04:00:28+00:00","og_image":[{"width":379,"height":490,"url":"https:\/\/sandbox.skyrocket.ph\/bancnet\/wp-content\/uploads\/2026\/06\/AnnualReport-2019.webp","type":"image\/webp"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/sandbox.skyrocket.ph\/bancnet\/2019-bancnet-annual-report\/","url":"https:\/\/sandbox.skyrocket.ph\/bancnet\/2019-bancnet-annual-report\/","name":"2019 BancNet Annual Report | BancNet","isPartOf":{"@id":"https:\/\/sandbox.skyrocket.ph\/bancnet\/#website"},"primaryImageOfPage":{"@id":"https:\/\/sandbox.skyrocket.ph\/bancnet\/2019-bancnet-annual-report\/#primaryimage"},"image":{"@id":"https:\/\/sandbox.skyrocket.ph\/bancnet\/2019-bancnet-annual-report\/#primaryimage"},"thumbnailUrl":"https:\/\/sandbox.skyrocket.ph\/bancnet\/wp-content\/uploads\/2026\/06\/AnnualReport-2019.webp","datePublished":"2026-06-08T03:17:02+00:00","dateModified":"2026-06-08T04:00:28+00:00","breadcrumb":{"@id":"https:\/\/sandbox.skyrocket.ph\/bancnet\/2019-bancnet-annual-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sandbox.skyrocket.ph\/bancnet\/2019-bancnet-annual-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sandbox.skyrocket.ph\/bancnet\/2019-bancnet-annual-report\/#primaryimage","url":"https:\/\/sandbox.skyrocket.ph\/bancnet\/wp-content\/uploads\/2026\/06\/AnnualReport-2019.webp","contentUrl":"https:\/\/sandbox.skyrocket.ph\/bancnet\/wp-content\/uploads\/2026\/06\/AnnualReport-2019.webp","width":379,"height":490},{"@type":"BreadcrumbList","@id":"https:\/\/sandbox.skyrocket.ph\/bancnet\/2019-bancnet-annual-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sandbox.skyrocket.ph\/bancnet\/"},{"@type":"ListItem","position":2,"name":"2019 BancNet Annual Report"}]},{"@type":"WebSite","@id":"https:\/\/sandbox.skyrocket.ph\/bancnet\/#website","url":"https:\/\/sandbox.skyrocket.ph\/bancnet\/","name":"BancNet","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sandbox.skyrocket.ph\/bancnet\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/sandbox.skyrocket.ph\/bancnet\/wp-json\/wp\/v2\/pages\/5962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sandbox.skyrocket.ph\/bancnet\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sandbox.skyrocket.ph\/bancnet\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sandbox.skyrocket.ph\/bancnet\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sandbox.skyrocket.ph\/bancnet\/wp-json\/wp\/v2\/comments?post=5962"}],"version-history":[{"count":31,"href":"https:\/\/sandbox.skyrocket.ph\/bancnet\/wp-json\/wp\/v2\/pages\/5962\/revisions"}],"predecessor-version":[{"id":6011,"href":"https:\/\/sandbox.skyrocket.ph\/bancnet\/wp-json\/wp\/v2\/pages\/5962\/revisions\/6011"}],"wp:attachment":[{"href":"https:\/\/sandbox.skyrocket.ph\/bancnet\/wp-json\/wp\/v2\/media?parent=5962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}