INSTAPAY AND PESONET

InstaPay and PESONet are two payment program under the National Retail Payment System (NRPS), a policy and regulatory framework launched by the Bangko Sentral ng Pilipinas (BSP) to establish a safe, efficient, affordable, and reliable retail payment system.

PESONet is an account to account fund transfer service that supports bulk, recurring, non-time sensitive payment transactions; while InstaPay is a new electronic fund transfer service that enables participants to provide real-time, low-value payment transactions, allowing customers and businesses to transfer between accounts, with real-time confirmation of credit to payee.

Instapay & Pesonet is now piloted in San Fernando (La Union) Main Branch. SF branches clients may now directly transfer funds from their Rang-ay Bank accounts to any Commercial Bank, Thrift Bank or Government Bank Account.