View source for MegaLink

{{distinguish|MEGAlink}}
{{Multiple issues|
{{Promotional|date=March 2021}}
{{More citations needed|date=March 2021}}
{{Notability|date=April 2025}}
{{Unreliable sources|date=September 2024}}
}}
{{Use Philippine English|date=October 2022}}
{{Use mdy dates|date=October 2022}}
{{Infobox brand
| name           = MegaLink
| logo           = [[Image:MegaLink Logo.png]]
| logo_upright   = 
| logo_alt       = 
| logo_caption   = 
| image          = 
| image_upright  = 
| alt            = 
| caption        = 
| producttype    = [[Bank|Online bank]]
| currentowner   = 
| producedby     = 
| country        = Philippines
| introduced     = 1989
| discontinued   = 2015
| related        = 
| markets        = 8 members with 3,413 ATMs across the Philippines{{citation needed|date=August 2024}}
| previousowners = 
| trademarkregistrations = 
| ambassadors    = 
| tagline        = 
| website        = http://www.megalink.com.ph/
| module         = <!-- or: misc -->
| module1        = <!-- or: misc1 -->
}}
'''MegaLink''' (also spelled as '''Megalink''') is a Philippine-based developer of mobile and [[banking software]] as well as a service provider for banks, specifically for [[automatic teller machine|Automatic Teller Machine (ATM)]] networks and point of sale systems for banks. It was established in 1989; it was later repurposed in 2015.

==History==
[[File:BDO ATM using MegaLink interface 2021.png|thumb|Interface of a BDO Unibank ATM in Bacoor, Philippines. BDO Unibank, an original MegaLink member bank, retains the use of MegaLink nomenclature and design in its software despite its mandated transfer to BancNet.]]
MegaLink was formed in September 1989 by [[Equitable Banking Corporation]] (now merged with [[BDO Unibank|Banco de Oro]]), Far East Bank and Trust Company (now part of [[Bank of the Philippine Islands|BPI]]), [[Philippine National Bank]] (currently a [[BancNet]] member), and [[United Coconut Planters Bank]].

MegaLink was launched on March 19, 1990. MegaLink was linked with both [[BancNet]] and [[Expressnet]]. In 1992, the banks of [[ATM Bersama]], an Indonesian [[interbank network]], turned to MegaLink's expertise as their model for a shared services network. MegaLink launched the Debit [[Electronic bill payment|Bills Payment]] as well as purchases via [[Point-of-Sale|POS]] terminals in 1993. A year later, MegaLink introduced [[telephone banking]].{{Citation needed paragraph|date=August 2024}}

In 1995, MegaLink forged an alliance with [[BancNet]]. In 2003, MegaLink launched an Electronic Settlement with the [[Bangko Sentral ng Pilipinas]]. In 2006, the [[ATMIA|ATM Industry Association (ATMIA)]] signed up MegaLink as a founding member in the Philippines. In 2011, MegaLink was interconnected with the [[Korea Financial Telecommunications & Clearings Institute|Korea Financial Telecommunications and Clearings Institute]] (KFTC) in South Korea. MegaLink implemented a Telco-agnostic mobile banking service. In 2013, MegaLink also interconnected with National ITMX in Thailand.{{Citation needed paragraph|date=August 2024}}

In late January 2015, MegaLink and [[BancNet]] announced their merger.<ref>{{cite web |last=Torres |first=Ted P. |title=BancNet, MegaLink merger marks 'new beginning' in e-payments |url=https://www.philstar.com/business/banking/2015/02/03/1419457/bancnet-megalink-merger-marks-new-beginning-e-payments |website=philstar.com}}</ref> BancNet is the sole surviving entity, while MegaLink has been repurposed.<ref>{{cite web |date= |title=BusinessWorld &#124; Philippines to have unified ATM network by next year |url=http://www.bworldonline.com/content.php?section=Finance&title=philippines-to-have-unified-atm-network-by-next-year&id=101463 |accessdate=February 24, 2020 |publisher=Bworldonline.com}}</ref>  MegaLink now lists itself as a BancNet member under the independent ATM deployer category.<ref>{{cite web |title=Bancnet: Our Members |url=https://www.bancnetonline.com/BancnetWeb/view/goToMembersPage.do |website=www.bancnetonline.com}}</ref> Following the repurposing, MegaLink and its assets were sold to the Japanese conglomerate [[Hitachi]], of which MegaLink is now a subsidiary.

==Final members==
[[File:Megalink-deployed_ATM_080321.jpg|thumb|right|187px|Interface of a MegaLink-deployed BancNet ATM at a SevenBank ATM in Parañaque, Philippines. This ATM is using on-screen software standardized by BancNet.]]

=== Transferred to BancNet ===
*Banco de Oro
*BDO Network Bank (formerly One Network Bank)
*Coop-NATCCO
*Country Builders Bank
*ENCASH
*[[GCash|GCash Inc.]] (formerly Mynt/ G-Cash Xchange, Inc.)
*MASS-SPECC Cooperative Development Center
*Pacific Ace Savings Bank
*[[UnionBank (Philippines)|Union Bank of the Philippines]]

===Defunct banks===
*[[Equitable PCI Bank]] (merged with [[Banco de Oro]])
*[[Plantersbank]] (merged with [[Chinabank]])

==See also==
*[[BancNet]] (the surviving ATM network in the Philippines)
*[[Expressnet]] (MegaLink's alliance member, also absorbed by BancNet)
*[[ATM usage fees]]
*[[Encash Network Service|ENS]]

==References==
{{Reflist}}

==External links==
*[http://www.megalink.com.ph Official website]

{{Philippine interbank networks}}

[[Category:Hitachi subsidiaries]]
[[Category:Interbank networks]]
[[Category:Financial services companies of the Philippines]]
[[Category:Companies based in Pasay]]
[[Category:1989 establishments in the Philippines]]
[[Category:2015 disestablishments in the Philippines]]
[[Category:Defunct companies of the Philippines]]