PayNet provides the Shared ATM Network switch which enable bank customers to conveniently access their funds anywhere from any of the participating banks’ ATMs. Gone were the days when ATM is only for cash withdrawal or balance inquiry. Today, there are many interbank facilities being offered to bank customers.

Cross-Border Cash Withdrawal

PayNet initiated cross-border ATM links to several countries in the region namely Indonesia’s PT Artajasa Pembayaran Elektronis (ARTAJASA) and PT Rintis Sejahtera (Rintis), Thailand’s National ITMXCo., Ltd., (ITMX), Vietnam’s National Payment Corporation of Vietnam (NAPAS) previously known as Banknetvn, China’s UnionPay International (UPI), and South Korea’s Korea Financial Telecommunications & Clearings Institute (KFTC). This service offers participating banks’ customers the convenience of making cash withdrawals via ATM in the said countries.

Instant Transfer

Instant Transfer allows bank customers to transfer funds from one account to another account in another bank real-time and online. The advantages for Instant Transfer are:

• Beneficiary will receive the funds instantaneously;
• Everyday availability, business or non-business day;
• Secured transfer by displaying the beneficiary’s name for your confirmation, hence limiting the likelihood of transfer error; and
• Available in multiple channels i.e. ATM, Internet Banking and Mobile Banking for selected participating banks.

Credit Card & Loan / Financing Repayment (CCLF)

This service facilitates real-time interbank repayment of credit card and loan / financing. Now, bank customers can pay their credit card or loan / financing through the ATM, Internet Banking, and Mobile Banking channel of another bank that is part of the network. This hassle-free service provides flexibility for customers to fulfil their monthly commitments.