BancNet earnings climb on digital payments boom, assets top P2B

MANILA, Philippines – BancNet Inc. saw its profits rise by nearly 12 percent in 2025 despite its continued investments in payments infrastructure, with its total assets breaching the P2-billion level for the first time. In its annual report, the country’s national automated teller machine (ATM) network and the clearing switch operator for InstaPay reported that its net income rose to P101.17 million last year from P90.64 million in 2024. READ: Wanted: Manager of Philippine payment system operators Gross revenues reached P5.70 billion, 42.75 percent higher than the previous year, driven primarily by the substantial increase in InstaPay transaction volumes and […]...

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