The Philippine National Bank (PNB) has introduced higher InstaPay transaction limits for its business clients, becoming the first bank in the country to offer up to P500,000 per transfer.
The bank said the upgrade allows companies to send money faster and handle larger payments more efficiently. The service can be used for payroll, supplier payments, and other high-value transactions, with transfers available to both individual and business accounts.
PNB said the feature is accessible through PNB CashNet Plus, its online platform for managing corporate finances, including payments, collections, and liquidity.
A bank official said the move is part of PNB’s efforts to improve digital services for businesses, helping them manage cash flow better and respond more quickly to operational needs.
With the update, PNB aims to strengthen its digital banking services by offering real-time, secure, and higher-value payment options for companies.
