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PESONet ACH is the Philippine EFT System and Operations Network Automated Clearing House that facilitates bulk electronic fund transfers between accounts in different financial institutions. The Philippine Clearing House Corporation serves as the Clearing Switch Operator for a two-year transitory period, and PESONet introduces features such as multiple daily clearing cycles and improved settlement risk management. Bangko Sentral supports PESONet

Author

Derwin Musnit

Language

EN