Payment rail · Philippines
Payment rail · PhilippinesWhat is InstaPay?
InstaPay is the Philippines’ real-time electronic fund transfer service, moving pesos between participating BSP-supervised banks and e-money issuers, available 24/7. Poplin pays out to the Philippines over InstaPay, settling in real time.
Source: Bangko Sentral ng Pilipinas (PDF) (opens in a new tab)
Updated · Reviewed by Joyce Chin, Chief Operating Officer & Compliance Officer
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A payout to the Philippines clears fastest over
InstaPay
settles in real time · 0.75% + $1.00 on a business account
Also reaches PHP accounts over
Also reaches USD accounts over
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
// at a glance
What the rail sets for a payout over InstaPay — and what Poplin charges to send.
Settlement
Real time
clears in seconds
Reaches
1
country — Philippines
Paid out in
PHP
Philippine peso
Business fee
0.75%
plus a $1.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
// how it moves
How InstaPay payouts move.
From your US-dollar balance to an account in the Philippines — four steps, seconds end to end.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Converted at mid-market
Dollars become Philippine pesos at the mid-market rate — no markup added.
Cleared over InstaPay
Poplin clears the payout over InstaPay, the Philippines’ instant transfers.
Arrives in seconds
The money lands in the recipient’s account in the Philippines in seconds.
// coverage
Where InstaPay reaches.
Philippines
The one country Poplin pays out to over InstaPay, in Philippine pesos.
Send to the Philippines →Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
InstaPay — FAQ
Basics
What is InstaPay?
InstaPay is the Philippines’ real-time electronic fund transfer service, moving pesos between participating BSP-supervised banks and e-money issuers, available 24/7. Poplin pays out to the Philippines over InstaPay, settling in real time.
Speed
How long do InstaPay payouts take?
Over InstaPay, Poplin payouts settle in real time. Payments leave your account in seconds; InstaPay then clears the payout to the recipient’s bank.
Cost
How much does it cost to send money over InstaPay with Poplin?
A percentage of the amount plus a $1.00 fixed fee — 0.75% on a business account and 1% on a personal account, shown in full before you send. Conversion, where the payout currency isn’t US dollars, is at the mid-market rate with no markup.
Coverage
Which countries does Poplin reach over InstaPay?
InstaPay is how Poplin pays out to the Philippines, in PHP. Poplin also reaches the Philippines over PESONet (PHP) and SWIFT (USD) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to the Philippines over InstaPay.
Open a US-dollar account in minutes. No monthly fees.