PESONet, the Philippines' batch automated clearing house, processed 117.2 million transactions worth PHP 13.2 trillion in 2025. That represents a 30.9 percent increase in value and 16.3 percent increase in volume over 2024, when the system handled 100.9 million transactions worth PHP 10.1 trillion.
The Philippine Clearing House Corporation operates PESONet under the supervision of the Bangko Sentral ng Pilipinas. Designed as the electronic replacement for paper cheques, PESONet runs three daily clearing cycles with same-day credit to beneficiary accounts, settling through PhilPaSS, the country's real-time gross settlement system. Where InstaPay handles smaller real-time retail payments up to PHP 50,000, PESONet serves the higher-value corporate and government segment with an average transaction size of approximately PHP 112,500.
As of January 31, 2026, PESONet has 124 participating institutions: 40 universal and commercial banks, 20 thrift banks, 46 rural banks, 5 digital banks, and 13 electronic money issuers classified as non-bank financial institutions. The expansion from 104 participants a year earlier reflects BSP's push to bring smaller financial institutions onto electronic clearing rails. Rural banks gained 12 new participants, while thrift banks added three and digital banks joined the system for the first time as a separate category.
January 2026 data confirms the growth trajectory is holding. PESONet processed 10.5 million transactions worth PHP 1.34 trillion during the month, up 27.1 percent in value and 8.6 percent in volume from January 2025. The value growth rate outpacing volume growth indicates rising average transaction sizes, consistent with greater corporate and government adoption.
Combined with InstaPay, the Philippines' two automated clearing houses processed PHP 24.7 trillion in 2025, a 42 percent increase from PHP 17.4 trillion in 2024. InstaPay handled PHP 11.6 trillion of that total through 5.8 billion smaller-value instant transfers, while PESONet contributed the remaining PHP 13.2 trillion through its lower-volume but higher-value batch processing.
PESONet's growth is driven by corporate payroll processing, government disbursements, supplier payments, and the ongoing migration from paper cheques. The system's fee structure varies across institutions, ranging from PHP 0 to PHP 600 per transaction as of December 2025, reflecting the diverse participant base from large universal banks offering free digital transfers to smaller institutions with legacy pricing.
The BSP's National Retail Payment System framework continues to guide the development of both PESONet and InstaPay. As InstaPay's transaction limits gradually increase, some PESONet volume may migrate to real-time channels. PESONet's batch processing efficiency and lower per-transaction costs for bulk operations maintain its relevance for treasury management and government payment processing, where same-day settlement rather than instant settlement is sufficient.