BSP Circular Letter No. 29 (2026)

BANGKO SENTRAL NG PILIPINAS

To Subject CIRCU LAR LETTER No. cL-2026-029 OFF;cE or THE DCPUTV GOVERNOF PAL',. FF, ,TS AND CURRENCY MAI'ACEMEl*T SECTOR All BSP-Supervised Institutions IBSlsj Merger of BancNet, Inc. IBancNet) and Philippine Clearing House Corporation (PCHCi and Change in the Corporate Name of the Surviving Corporation to Payments Network of the Philippines, Inc. IPNPl) The Securities and EXchange Commission (SEC) approved on 28 May 2026 the Articles and Plan of Merger executed on 26 October 2022 by and between BancNet. Inc. (BancNeti and the Philippine Clearing House Corporation IPCHC). with BancNet as the surviving corporation and PCHC as the absorbed corporation. Following the merger. the surviving corporation was renamed PAYMENTS NETWORK OF THE PHILIPPINES. INC. doing business under the name/s and style/s of BancNet. Philippine Clearing House and PCHC (Formerly BANCNET INCORPORATED). The merger took effect on 01 June 2026. For information and guidance. Z_ July 2026 11 MAMERTO E. NGONAN DeputyG v rnor I