PESONet is a Philippine electronic funds transfer service for batch-processed account-to-account payments. Participating institutions send payment instructions for clearing and settlement, and recipients generally receive funds on the same banking day when instructions meet the sending institution's cut-off.
Businesses commonly use PESONet when value matters more than immediate confirmation, including supplier payments, payroll funding and transfers between company accounts. Availability, cut-offs, fees and transaction limits are set by the participating institution.
How a PESONet business payment moves
- The payer submits the recipient name, account details, amount and payment purpose to a participating institution.
- The institution validates the instruction and includes it in a processing batch.
- Clearing and final settlement occur through the Philippine payment-system infrastructure before the recipient institution credits the account.
| Checkpoint | What finance should confirm |
|---|---|
| Timing | Confirm the sending institution's cut-off and the next Philippine banking day. |
| Recipient data | Verify the account name, number and receiving institution before approval. |
| Evidence | Keep the instruction reference, debit record and recipient confirmation with the invoice. |
PESONet compared with nearby terms
PESONet is batch-based. InstaPay is designed for real-time low-value transfers. A faster status message is not a substitute for confirmed recipient credit.
Related definition: InstaPay.
Source and business-payment context
Bangko Sentral ng Pilipinas: PESONet and InstaPay
For cross-border supplier payments, compare the rail, currency conversion, fees and recipient requirements before release. See Quotable Payments and international vendor payments.
