These firms are offering real-time payments via InstaPay
Is your bank one of them?
Financial institutions launched on Monday, April 23 the InstaPay platform that will allow real-time interbank transfers across accounts and electronic wallets.
As of opening day, seven banks are offering both the sending and receiving for 24/7 payments, according to the Bangko Sentral ng Pilipinas. These are Asia United Bank, BDO Unibank, China Banking Corporation, China Bank Savings, Equicom Savings Bank, Security Bank, and the Union Bank of the Philippines.
Meanwhile, 13 other companies are able to receive and credit cash instantly: the CTBC Bank, EastWest Bank, Landbank of the Philippines, Metropolitan Bank & Trust Company, Omnipay, PayMaya, Philtrust Bank, Philippine Savings Bank, Rizal Commercial Banking Corporation, Robinsons Bank, Sun Savings Bank, United Coconut Planters Bank, and the Yuanta Savings Bank.