About
PESONet is the Philippines' batch electronic fund transfer credit ACH, launched by the Bangko Sentral ng Pilipinas on 8 November 2017 as the first automated clearing house under its National Retail Payment System. Its clearing switch operator, the Philippine Clearing House Corporation (PCHC), merged with BancNet into Payments Network of the Philippines Inc. on 1 June 2026. Banks and e-money issuers exchange credit transfers in batches that settle via the BSP's RTGS in three daily cycles, at 10:00, 13:00 and 16:00 since July 2024, with funds usually credited within two hours. It suits payroll, bills and supplier payments, and in 2025 carried 117.2 million transactions worth P13.19 trillion.
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