Transferring funds has gotten more convenient through online platform, PESONet. Launched by the Bangko Sentral ng Pilipinas (BSP) last November 2017 as part of their strategic initiatives to modernize the country’s retail payment system, PESONet is the country’s first Automated Clearing House (ACH) under the National Retail Payments System (NRPS) of BSP. It enables transfer of funds between customers of participating banks, e-money issuers or mobile money operators in the Philippines.
