PESONet Makes Online Transactions More Convenient


Are you still paying your bills and doing bank transactions the traditional way? When the online payment facilities became available so many years ago, I too was a bit hesitant. I was worried about what would happen if the transaction failed. Another concern is the fees I have to pay. But the hassle of travelling to the bank and wasting my precious time waiting in line for a simple transaction made me try going online. I never looked back. Even my purchases are made online.

I must admit that I sometimes pay fees and charges that are a bit expensive. I also shoulder fees that should be solely paid by the sender. I am continuously looking for other online payment option.

I was invited to the PESONet Media Forum at Bangko Sentral ng Pilipinas last August 7, 2018. It was actually launched late last year and I was not really aware of this online cashless transaction facility.

 What is PESONet?

PESONet is a new electronic funds transfer service that enables customers of participating banks, e-money issuers or mobile money operators to transfer funds in Philippine Peso currency to another customer of other participating banks, e-money issuers or mobile money operators in the Philippines. ​

What are the BENEFITS?

What are the FEATURES?

PESONet makes financial institutions such as universal, commercial and thrift banks, and soon the non-bank electronic money issuers (EMIs) provide individuals and businesses with a platform they can conveniently, safely, speedily and affordably pay or transfer funds to recipients with accounts in other financial institution. Transactions can be done anywhere using any electronic device such as laptop, desktop, tablet and even mobile phone. Also, the beneficiaries receive the payments on the same day with NO FEES and NO DEDUCTIONS.

On the part of the sender, the fees are very minimal and sometimes none depending on the partner bank. For list of fees, click HERE.

To know more about PESONet, visit