Coopnet launched the 1st cardless operated teller machine in PH

Makati, Philippines – ” COOPNET augments Bancnet services for banks and other financial institutions who could not roll out Bancnet ATMs due to cost, compliance, and limited capacity of smaller banks. This technology rosters an inclusive system that refined interoperable payment solutions in the country,” DigiCOOP Technology Service Cooperative President Ann Cuisia emphasized.

The Cooperation Network (COOPNET) teller machine is the first cardless teller machine which function using QRCode. During Cooperative Summit ( C Tech 2022) Summit organized by Digital Pilipinas Festival in partnership with Elevandi, an organization founded by Monetary Authority of Singapore (MAS) at the Green Sun Hotel last November 11,2022.

The COOPNET is poised to be a network solution made specifically for financial entities to connect with banks, Bancnet,e-wallets, and remittance centers to facilitate customers’ payment collection and disbursement. It’s QR technology is powered by QRPh, the National QR Code standard in the country regulated by the Bangko Sentral ng Pilipinas ( BSP).

Simply downloading the COOPNET Mobile App at COOPNET.online, Google play store, Apple app store, or App Gallery; Filipinos May use the CTMs to cash in, cash out, pay bills, buy e -load, and transfer funds by generating the QRPh code via the application.

with photos courtesy of Mr. Joel Solante.///Mj Olvina-Balaguer, 09053611058, konekted@dzmjonline.net and maryjaneolvina@gmail.com DZMJ ONLINE DAWAH ZAKAT MAKABULUHANG JORNALISMO YOUR HAPPINESS CHANNEL