by Leira Mananzan, Reporter PESONet schedule and cutoff times are more important than ever in 2025, especially for anyone relying on digital banking to send money smoothly. If you know exactly when banks process PESONet transfers, you can avoid frustrating delays, time your transactions better, and even save on fees compared with InstaPay. In this […]
by Edielyn Mangol, Reporter The Philippine digital payments ecosystem has grown at a rapid pace, with e-wallets like GCash leading the transformation of how Filipinos handle money. Over the past decade, mobile wallets have evolved from being niche applications to becoming everyday essentials, especially after the pandemic accelerated the demand for contactless payments. GCash, which […]
By Edielyn Mangol, Reporter Digital payments have become the heartbeat of everyday transactions in the Philippines, changing how people send, receive, and manage their money. As cashless exchanges become the norm, choosing the right transfer method has never been more important — or more complex. Two major players now dominate the scene: PESONet and InstaPay. […]
By Edielyn Mangol, Reporter GoTyme Bank has rolled out a customer-friendly update: 20 free InstaPay transfers every month for all users — no conditions attached. This development directly challenges the standard ₱15–₱25 InstaPay fees charged by many banks and e-wallets. After the free limit is reached, each additional transfer will only cost ₱9, which can […]
If you are a PESONet or InstaPay user, and you are worried about its availability during the Holy Week celebration, then fret no more because the Bangko Sentral ng Pilipinas (BSP) has got you covered. In an advisory posted on its website earlier today, the BSP has once again reminded BSP-Supervised Financial Institutions (BSFIs) offering […]
The Bangko Sentral ng Pilipinas (BSP) has maintained the moratorium on InstaPay and PESONet fees, according to Monetary Board Resolution No. 1599 dated December 7, 2023. A man holding a mobile phone while making transactions thru InstaPay and PESONet Under BSP Memorandum No. M-2021-071 dated 28 December 2021, financial institutions that participate in the InstaPay […]
With PESONet and InstaPay’s fast growth due to lockdowns during the pandemic, the Banko Sentral ng Pilipinas (BSP) has designated the two major digital fund transfer systems as Prominently Important Payment Systems (PIPS). BSP closely supervises and monitors PIPS pursuant to the National Payment Systems Act to protect the economy and the public. PIPS refers […]
