In Philippines, online banking has become a trend, sort of a norm these days.

The point to be remembered that worldwide it’s not just big companies like Appco or Enza Marketing that go for online banking. It’s as much a part of the average man’s life today as it is for companies.

In Philippines, online banking started about a decade ago with not many people opting for it. But now, almost everyone sees it as the most convenient mode of banking. Gone are the days when people would walk to the nearest bank or the nearest ATM for transactions and paying bills. “Now I do it all online- booking tickets, paying bills, arranging things for travel etc. Bank visits, for me, has become a rare thing now”, says a resident of Manila who does business and travels a lot.

Banking networks like Bancnet have been catering to catering to many banks and such networks report an unprecedented increase in the number of online transactions in Philippines. Most people either do bill payments or fund transfers and the number of new visitors too is increasing.

So, it’s a silent banking revolution that’s going on in Philippines...