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The move is part of a plan to build a round-the-clock real-time gross settlement system that supports instant domestic transfers, links with foreign payment networks, and enables services such as 24/7 remittances, cross-border ecommerce flows, and same-day settlement of the cash leg in bond trades. The Virtual US Account is powered by Meridian Payments US under a “for benefit of” arrangement. The company positions the feature as a way to speed up inflows and lower friction for cross-border payments. Users can split bills through QR payments or instantly send pamasko to loved ones with zero transfer fees. Read more in our articles including "BSP will make the national payments system 24/7 in 2026" and "GCash unveils Virtual US Account in PH, enabling direct dollar transfers".

More About cross-border payments

Frequently Asked Questions

What is cross-border payments?

The move is part of a plan to build a round-the-clock real-time gross settlement system that supports instant domestic transfers, links with foreign payment networks, and enables services such as 24/7 remittances, cross-border ecommerce flows, and same-day settlement of the cash leg in bond trades. The Virtual US Account is powered by Meridian Payments US under a “for benefit of” arrangement.

What have you covered about cross-border payments?

The company positions the feature as a way to speed up inflows and lower friction for cross-border payments. Users can split bills through QR payments or instantly send pamasko to loved ones with zero transfer fees.

Where can I find articles about cross-border payments?

Our coverage of cross-border payments includes: "BSP will make the national payments system 24/7 in 2026"; "GCash unveils Virtual US Account in PH, enabling direct dollar transfers"; "ASUS ROG Crossblade Ranger Review". Each article provides unique insights and information.