Market Inquiry: Interbank Electronic Fund Transfer

The proposed merger of BancNet, Incorporated and the Philippine Clearing House Corporation is currently being reviewed by the Mergers and Acquisitions Office of the Philippine Competition Commission. The review entails assessing the impact to competition of the merger, the merged entity’s ability and incentive to increase fees, lower the quality of its services, and reduce innovation, and other possible effects of the transaction (including the effect on quality and reliability of services by InstaPay and PESONet).

As consumers and bank clients using interbank fund transfer services, such as InstaPay and PESONet, your views and opinions are important to the PCC. Please answer this quick survey or scan the QR Code on or before 11 August 2023.

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