{"id":5925,"date":"2026-06-02T23:31:51","date_gmt":"2026-06-02T15:31:51","guid":{"rendered":"https:\/\/sandbox.skyrocket.ph\/bancnet\/?p=5925"},"modified":"2026-06-16T09:45:49","modified_gmt":"2026-06-16T01:45:49","slug":"bancnet-pchc-complete-merger-to-unify-ph-payments-networks-copy","status":"publish","type":"post","link":"https:\/\/sandbox.skyrocket.ph\/bancnet\/bancnet-pchc-complete-merger-to-unify-ph-payments-networks-copy\/","title":{"rendered":"SEC and BSP approve merger of BancNet, Inc. and Philippine Clearing House Corporation"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5925\" class=\"elementor elementor-5925\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6eed8433 e-flex e-con-boxed e-con e-parent\" data-id=\"6eed8433\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c1356e7 elementor-widget elementor-widget-text-editor\" data-id=\"c1356e7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div><p>BancNet, Inc. (BancNet) and Philippine Clearing House Corporation (PCHC) jointly announced today that the Securities and Exchange Commission (SEC) has approved their merger with BancNet as the surviving entity. Early this year, the Bangko Sentral ng Pilipinas (BSP) authorized the merger.<\/p><p>Effective June 1, 2026, BancNet officially adopted a new corporate name, Payments Network of the Philippines, Inc. (PNPI). \u201cBancNet\u201d shall be retained as a brand for PNPI\u2019s ATM Network while \u201cPCHC\u201d shall be retained for check clearing operations.<\/p><\/div><p>The merger marks a significant milestone in the continued modernization and strengthening of the Philippine payments ecosystem, initiated by the BSP. It unifies the country\u2019s leading payment and clearing switch operators into a single, stronger, and more resilient entity, better positioned to deliver safe, reliable, and efficient payment services for the benefit of consumers. Both BancNet and PCHC are identified by BSP as Operators of Designated Payment Systems (ODPS) under the National Retail Payments System (NRPS) \u2013-BancNet for InstaPay and PCHC for PESONet, Philippine Domestic Dollar Transfer System (PDDTS) and Payment-versus- Payment (PvP). The merger is expected to enhance operational efficiencies, promote greater interoperability, and accelerate innovation in digital payments.<\/p><p>\u201cThe merger represents a transformative step toward a more integrated and future-ready national payments system,\u201d said BancNet Chairman Nestor V. Tan. \u201cBy combining the strengths and expertise of BancNet and PCHC, PNPI will be in a stronger position to support BSP\u2019s digital payments transformation agenda for the country and deliver greater value to banks and other financial institutions, businesses, and consumers.\u201d<\/p><div><div>\u201cPNPI will enhance the safe, reliable, and efficient processing of electronic payment transactions and clearing services that are vital to the country\u2019s financial system and our broader economy,\u201d said PCHC Chairman Joseph A. Gotuaco. \u201dPNPI will continue to work closely with regulators, participating financial institutions, and industry stakeholders in advancing secure, inclusive, and interoperable payment systems for the Philippines.\u201d<\/div><div>Further details regarding the transition and integration initiatives will be announced in due course.<\/div><\/div><p><!-- \/wp:image --><\/p>\t\t\t\t\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":"<p>BancNet, Inc. (BancNet) and Philippine Clearing House Corporation (PCHC) jointly announced today that the Securities and Exchange Commission (SEC) has approved their merger with BancNet as the surviving entity. Early this year, the Bangko Sentral ng Pilipinas (BSP) authorized the merger. Effective June 1, 2026, BancNet officially adopted a new corporate name, Payments Network of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6037,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_theme","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC and BSP approve merger of BancNet, Inc. and Philippine Clearing House Corporation | 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\/bancnet-pchc-complete-merger-to-unify-ph-payments-networks-copy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC and BSP approve merger of BancNet, Inc. and Philippine Clearing House Corporation | BancNet\" \/>\n<meta property=\"og:description\" content=\"BancNet, Inc. (BancNet) and Philippine Clearing House Corporation (PCHC) jointly announced today that the Securities and Exchange Commission (SEC) has approved their merger with BancNet as the surviving entity. Early this year, the Bangko Sentral ng Pilipinas (BSP) authorized the merger. 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