PESONet is endorsed by the Bangko Sentral ng Pilipinas (BSP) and the list of participating banks or financial institutions under PESONet are more than that of Dragonpay. The cut-off time for fund transfers via PESONet is at 1:15PM every business day, while the cut-off time for fund transfers done via Dragonpay is at 1:00PM every business day.