Philippine Payments Management, Inc. (PPMI) Board Member Jaime Valentin L. Araneta, Independent Director Maria Consuelo D. Garcia, General Manager Carmelita R. Araneta, Board Member Sandeep Uppal, Chairman Jose Teodoro “TG” K. Limcaoco, Monetary Board Members Walter C. Wassmer, Jose L. Querubin, Romeo L. Bernardo, Bangko Sentral ng Pilipinas Deputy Governor Mamerto E. Tangonan, Senior Assistant Governor Edna C. Villa, Assistant Governor Mary Anne P. Lim, and Director Bridget Rose M. Mesina-Romero at the launch of the Direct Debit PH ACH, InstaPay Cash-In, InstaPay for Business, and QR Ph/InstaPay QR rebranding on 29 July 2026 at the BSP Assembly Hall.
The Bangko Sentral ng Pilipinas (BSP) and the Philippine Payments Management Inc. (PPMI) have launched three new digital payment initiatives designed to make everyday transactions more convenient, accessible, and responsive to the needs of Filipino consumers and businesses.
Unveiled during a ceremony at the BSP Head Office on July 29, 2026, the new services include Direct Debit PH, InstaPay Cash-In, and InstaPay for Business.
The initiatives aim to expand the country’s digital payment ecosystem by simplifying bill payments, making it easier to request and receive funds, and allowing registered businesses to transfer significantly larger amounts through InstaPay.
“Interoperability and lower fees do more than lift transactions. They bring in more people. This is what financial inclusion looks like—more Filipinos sending and receiving money digitally, and more Filipinos making the network stronger for everyone already on it,” BSP Governor Eli M. Remolona Jr. said.
BSP Deputy Governor Mamerto E. Tangonan said the launch reinforces the central bank’s commitment to building a payment system that serves every Filipino and every business.
“This launch reaffirms the BSP’s commitment to build a payment system for every Filipino and every Filipino business, no exceptions,” Tangonan said.
He added that the initiatives build on the National Retail Payment System Framework, the BSP’s blueprint for creating a safer, faster, more reliable, and interoperable payment environment.
Automatic bill payments through Direct Debit PH
Direct Debit PH allows customers to authorize billers to automatically collect payments from their bank or e-wallet accounts on scheduled due dates.
The service can help users avoid missed deadlines and late-payment charges while making recurring payments for utilities, subscriptions, loans, insurance premiums, and other obligations more convenient.
Easier fund requests with InstaPay Cash-In
InstaPay Cash-In enables users to request funds from another person directly through participating banks or e-wallets.
Once a request is received, the other user may review and approve the transaction before sending the money from their own account.
The service is expected to simplify digital cash-in transactions and reduce the need to manually enter account details.
Higher transfer limit for businesses
InstaPay for Business raises the maximum transfer amount for registered businesses tenfold—from ₱50,000 to ₱500,000 per transaction.
The higher limit gives businesses greater flexibility in paying suppliers, settling invoices, managing payroll-related transactions, and transferring funds for other operational needs.
Together, the three initiatives are expected to make digital payments more efficient for individuals, merchants, and enterprises.
The BSP and PPMI also clarified the distinction between QR Ph and InstaPay QR.
Since 2024, QR Ph has referred specifically to person-to-merchant payments, where transaction fees are shouldered by the merchant. InstaPay QR, meanwhile, is used for person-to-person fund transfers and may carry fees depending on the bank or e-wallet used.
The launch formed part of the BSP’s month-long celebration of its 33rd anniversary and was attended by representatives from the banking, financial technology, and payments industries.