Payment rail · Philippines
Payment rail · PhilippinesWhat is PESONet?
PESONet is the Philippines’ batch electronic fund transfer scheme, clearing bulk credit transfers between BSP-supervised financial institutions. Poplin pays out to the Philippines over PESONet, settling within one business day at the latest.
Source: Bangko Sentral ng Pilipinas (PDF) (opens in a new tab)
Updated · Reviewed by Joyce Chin, Chief Operating Officer & Compliance Officer
Which rail reaches…
Which rail reaches your recipient?
No destinations match that search.
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 PESONet — and what Poplin charges to send.
Settlement
Next day
a ceiling, not the typical time
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 PESONet payouts move.
From your US-dollar balance to an account in the Philippines — four steps.
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 PESONet
Poplin clears the payout over PESONet, the Philippines’ batch transfers.
Arrives inside the window
PESONet settles within one business day — a ceiling, not the typical time; how fast it lands depends on the receiving bank.
// coverage
Where PESONet reaches.
Philippines
The one country Poplin pays out to over PESONet, 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.
PESONet — FAQ
Basics
What is PESONet?
PESONet is the Philippines’ batch electronic fund transfer scheme, clearing bulk credit transfers between BSP-supervised financial institutions. Poplin pays out to the Philippines over PESONet, settling within one business day at the latest.
Speed
How long do PESONet payouts take?
Over PESONet, Poplin payouts settle within one business day. Payments leave your account in seconds; PESONet then clears the payout to the recipient’s bank.
Cost
How much does it cost to send money over PESONet 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 PESONet?
PESONet is how Poplin pays out to the Philippines, in PHP. Poplin also reaches the Philippines over InstaPay (PHP) and SWIFT (USD) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to the Philippines over PESONet.
Open a US-dollar account in minutes. No monthly fees.