InstaPay and PesoNET are electronic fund transfer (EFT) services that enable customers of a participating Bangko Sentral ng Pilipinas-supervised financial institutions (BSFIs) which include banks, e-money issuers or mobile money operators to transfer Philippine Peso funds from their account to accounts with other Financial Institutions.
InstaPay and PesoNet are part of the National Retail Payment Systems (NRPS) initiative of BSP that seeks to promote electronic payments.
To know more about InstaPay, you can visit their website at https://www.instapayph.com/ or these FAQs https://www.bsp.gov.ph/PaymentAndSettlement/FAQ_Instapay.pdf
To know more about PesoNET, you can visit their website at https://www.pesonet.info/ or these FAQs https://www.bsp.gov.ph/PaymentAndSettlement/FAQ_PESONet.pdf
To know more about the list of participating Financial Institutions and their corresponding InstaPay and PesoNET fees, click here: https://www.bsp.gov.ph/PaymentAndSettlement/Fees.pdf
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