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.  For example: a business or government agency who is a customer of Bank A, can pay another business, government agency or person who is a customer of Bank B, or an employee who is a customer of E-money Issuer C.

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It is the most convenient, affordable, reliable and secure electronic funds transfer service that government and businesses can use to pay each other and individual persons (e.g. government-to-government, government-to-business, government-to-person, business-to-government, business-to-business and business-to-person),  It is also the most practical way for persons to pay, send or remit money to other persons especially for non-urgent transactions.​

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PESONet is the best payment method for bulk disbursements or payments.  It is the perfect alternative to checks!​