Bank transfers in the Philippines are typically made via InstaPay or PesoNet. To accept bank transfers from your customers, you can create unique virtual account numbers assigned to each of your users. They can easily make payments via bank transfer
Your customers can complete the transfer via mobile banking, internet banking, or ATM. Once the payment is made, you receive an instant confirmation, ensuring a seamless and secure payment experience for both you and your customers.
Note that the source of funds must be a bank or Electronic Money Issuer that’s part of the InstaPay / PesoNet networks.
Features
Channel code |
|
Currency | PHP |
Minimum amount | 1 |
Maximum amount | 200,000,000 |
User approval flow | PRESENT TO CUSTOMER |
Reusable payment code | ✅ |
Custom payment code | ✅ |
Display merchant name | MERCHANT |
Display user name | ❌ |
Set expiry | ❌ |
Settlement time | T+3 working days |
Refund | ❌ |
Partial refund | ❌ |
Multiple partial refund | ❌ |
Refund validity | N/A |
Compatible integration | Payment API |
Payment flow
Mobile banking
Log in to your banking or e-wallet app (must support InstaPay / PesoNet)
Select Bank Transfer > InstaPay or PesoNet (some apps may not allow you to choose)
Select Asia United Bank (AUB) as the recipient bank
Enter merchant name
Enter virtual account number (e.g. 7057601478328965)
Enter amount to pay
Enter PIN
Internet banking
Log in to your preferred internet banking portal (must support InstaPay / PesoNet)
Select Bank Transfer > InstaPay or PesoNet (some apps may not allow you to choose)
Select Asia United Bank (AUB) as the recipient bank
Enter merchant name
Enter virtual account number (e.g. 7057601478328965)
Enter amount to pay
Enter PIN
Examples of the payment interface on GCAsh and BPI