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In addition to functioning as an ATM EFTPOS terminal, EPS terminals also accept BPI credit, debit and prepaid cards. However, these transactions are considered as BPI Express Credit transactions and not as EPS transactions. Banco de Oro has its own terminal independent of the EPS either branded under the SM name or under its own name. Terminals ...
BPI's consolidation of its two subsidiaries forming BPI Direct BanKo, is its answer to the growing microfinance-small and medium enterprise finance industry sector in the Philippines, competing directly with notable SME/Microfinance institution in the country - ASA Philippines, Card Bank (CardBank and Card SME Bank), and LifeBank MFI.
Expressnet is known for its Express Payment System (EPS), which was at first the debit card system of the BPI Express Teller ATM card. In 2005, the network expanded to include cardholders of all Landbank E.A.S.Y. (Express Access for Savers like You) and Banco de Oro (local and international) ATM cards.
BancNet was founded on July 17, 1990, as the Philippines' second ATM consortium when the ATMs of eight banks, PCI Bank (later Equitable PCI Bank, now Banco de Oro), Security Bank, Chinabank, RCBC, Allied Bank (now part of PNB), Metrobank, International Exchange Bank (now part of UnionBank) and CityTrust Banking Corp. (now part of BPI) formed BancNet.
Rank Bank name Assets (millions of PHP) Asset change Rank change 1 BDO Unibank, Inc. 4,508,065.88: 2 Land Bank of the Philippines (LBP) 3,325,085.09
On October 20, 2022, GoTyme Bank was formally launched. As the Gokongwei Group owned Robinsons Bank when it launched, JG Summit President Lance Gokongwei stated that the Ayala-owned Bank of the Philippine Islands will be GoTyme Bank's shareholder once BPI's merger with Robinsons Bank is completed. [5]
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