COOPNET launches the first QR-operated teller machine in the Philippines at C-Tech Summit

COOPNET rolls out its Cooperation Network (COOPNET) teller machines (CTMs) – the first-ever cardless teller machine that will work with a QR code – to cater for the underserved and less digitized cooperatives and financial institutions. The announcement was during the 2022 C-Tech Summit on November 11 at the Green Sun Hotel in Makati City.

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. Its QR technology is powered by  QRPh, the National QR Code standard in the country regulated by the Bangko Sentral ng Pilipinas (BSP).

“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 the smaller banks. This technology fosters an inclusive system that redefines interoperable payment solutions in the country,” DigiCOOP Technology Service Cooperative President Ann Cuisia said.

The 24/7 “easy access” design of CTMs revolutionizes the traditional automated teller machines (ATMs) that generally use a card to withdraw cash and for other banking transactions, as it operates using QRPh codes generated from the COOPNET Mobile App.

“The innovation aims to strengthen the relationships between the Filipinos and other financial institutions that huge commercial banks do not cater to. We are serving not only cooperatives but also thrift banks, rural banks, micro-finance and lending institutions,” Cuisia stressed.

By downloading the COOPNET Mobile App at, Google Play Store, Apple App Store, or AppGallery; 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.

For the security of the transactions using the CTM, a one-time pin verification code will be sent to the registered number upon scanning the QR code in the machine. COOPNET also offers cards upon request with the QR code for easy transactions.

“We are rolling out dozens of machines one region at a time until we are present nationwide. Our goal is to touch base with the underserved Filipinos and financial institutions,” Cuisia said.