pesonet

PESONet is designed for high-volume, non-urgent batch transfers (like payroll) with no stated per-transaction limit in the provided articles, while InstaPay is for real-time, urgent transfers with a limit of PHP 50,000 per transaction. PESONet processes transfers in batches subject to banking cut-off times, whereas InstaPay is available 24/7.

Starting January 1, 2025, under BSP Circular No. 1195, refunds for failed PESONet transactions must be processed within two (2) hours. Financial institutions are also prohibited from charging fees for transactions that fail for reasons other than user error and must provide clear, timely notifications to customers regarding transfer status.

Yes, the Bangko Sentral ng Pilipinas has announced that the Philippine Payment and Settlement System (PhilPaSS) Plus, which supports PESONet, will operate 24 hours a day, seven days a week beginning in 2026. This will enable round-the-clock domestic transfers and support services like 24/7 remittances.