Bank of the Philippine Islands (BPI) has removed PESONet fees for corporate fund transfers processed through its BizLink platform, making interbank disbursements free of charge for business clients.

The waiver applies to transactions made via the Pay Non-BPI disbursement feature of BPI BizLink, the bank said.

"The fee waiver is available to both existing and new BPI BizLink corporate clients, enabling businesses to transfer funds to accounts in other banks at no cost," BPI said. "By eliminating transfer fees, BPI aims to help companies reduce operating expenses while making payments more convenient and cost-efficient."

Pay Non-BPI allows businesses to send and streamline payments to suppliers, service providers, employees, and other payees over the PESONet network. PESONet, launched in 2017 under the Bangko Sentral ng Pilipinas' National Retail Payment System, is one of the country's two main interbank retail payment rails alongside real-time service InstaPay. Because it clears transfers in batches and accommodates larger amounts than InstaPay's P50,000 per-transaction cap, PESONet is widely used for bulk corporate disbursements such as payroll and supplier payments — where per-transaction fees can add up to a meaningful recurring cost for businesses.

"BPI understands that every peso counts. By waiving PESONet transfer fees through BPI BizLink, we are helping our clients optimize their operations, lower transaction costs, and allow resources to further grow their business," said BPI Senior Vice-President and Head of Institutional Banking Luis Geminiano E. Cruz.

BizLink also offers flexible payment options designed to support different business needs. These include Pay Now for immediate transactions, Pay On for future-dated payments, and Pay Every for recurring transactions, allowing businesses to manage their cash flow and automate routine disbursements. For transfers between BPI accounts, the platform provides the Pay BPI feature, which is likewise free of charge.

BPI said the latest fee waiver forms part of its efforts to make online transactions more affordable, in line with the Philippine central bank's digital payments push. The Bangko Sentral ng Pilipinas introduced PESONet and InstaPay under its National Retail Payment System to shift payment traffic away from checks and cash-based channels, and has since pressed banks to keep electronic transfer pricing affordable.

In July, the bank scrapped fees for interbank fund transfers made via both InstaPay and PESONet on the BPI app, online banking, VYBE, BanKo, and BizKo. That move complied with a central bank directive mandating Philippine financial institutions to adopt reasonable, fair, and market-based pricing for retail electronic fund transfers. With the BizLink waiver, BPI's zero-fee policy now spans both retail and corporate channels, extending a fee-waiver trend that took hold across major Philippine banks' consumer platforms in 2024 into business payments.

BPI's net income dropped 2.5% year on year to P15.91 billion in the second quarter due to higher impairment losses and operating expenses. This brought its first-half profit to P32.83 billion, down 0.4% from the previous year.

BPI shares closed at P107.50 apiece on Tuesday, up 60 centavos or 0.56% from Monday's finish.