- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- PHP
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All major banks in Philippines (List Available)
- Cutoff & delivery timing
-
Realtime - 24x7 up to 50k PHP via Instapay, Sameday subject to cut-off 2 pm local time via Pesonet
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Type Remitter Identification Number Remitter Country Code Remitter Address Remit Purpose Code Remitter Source of Income Beneficiary Name Beneficiary Country Code Beneficiary Address Beneficiary Account Number Routing Code Type 1 - SWIFT Code Beneficiary Account Type Routing Code Value 1
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Statement Narrative is passed to the Beneficiary Bank and depends on Beneficiary Bank if it appears in the Beneficiary statement narration.
- Notes
-
To check the supported banks, please use the API given on the link: https://docs.nium.com/apis/reference/searchroutingcodeusingbankname or get in touch with your respective AM.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | No limit | No limit | No limit | No limit |
- Supported Modes
- B2P, P2P
- Supported Currencies
- PHP
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- GCASH,PAYMAYA,SHOPEEPAY,STARPAY,TAYOCASH,PALAWANPAY,LULU,USSC,GRABPAY,MAYA,BAYAD,COINSPH,JUANCASH,IREMIT
- Cutoff & delivery timing
-
Instapay - 24x7 Availability, Delivery - Realtime
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Number Remitter Identification Type Remitter Country Code Remitter Address Beneficiary Name Beneficiary Country Code Beneficiary Account Number (11 digits) Beneficiary Account Type Remit Purpose Code Payout Method - WALLET Routing Code Type - WALLET Routing Code Value - 'GCASH' or 'PAYMAYA'
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Domestic Clearing System limits ability to transfer full remitter information to the Beneficiary. Visibility of Standard Statement Narration is missing.
| B2P | P2P | |
|---|---|---|
| Min | 0 | 0 |
| Max | PHP 50,000 | PHP 50,000 |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- USD, EUR, SGD, GBP, AUD, CAD, HKD, JPY, CHF, NZD
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All SWIFT enabled banks in the country
- Cutoff & delivery timing
-
Same-day processing subject to cutoff of 07:30 UTC
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Type Remitter Identification Number Remitter Address Remitter Country Code Beneficiary Name Beneficiary Account Type Beneficiary Account Number Beneficiary Country Code Beneficiary Address (Recommended) Beneficiary City (Recommended) Beneficiary Postcode (Recommended) Routing Code Value 1 Routing Code Type 1 - SWIFT Code Remit Purpose Code
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Ultimate Sender Name and narrative details will be passed as part of MT103 message to beneficiary bank.
- Details available on beneficiary statement will be dependent on beneficiary bank.
- Proof of Payment
-
MT103 can be considered as a proof of payment and can be provided on request
- Notes
-
WIRES can be sent to all countries except for OFAC listed. MT103 can be provided on request. For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | No limit | No limit | No limit | No limit |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- PHP
- Network Participant
- VISA
- FX Source
- Live Interbank based rates from NIUM are available 24x7, including off-market hours
- Cutoff & delivery timing
-
1. 24x7 Availability
2. Real-time for Fast fund Enabled (Details on fast-fund enabled countries available on request)
3. T+2 for other countries
- Mandatory data requirements
- Remitter Name Remitter Identification Type Remitter Identification Number Remitter Country Code Beneficiary Card Number Beneficiary Name Beneficiary Country Code
- Notes
-
For more information, please contact your NIUM account manager team. Additional information and approval from VISA is required before this payout method can be made available. Origination of funds is allowed only from a set of countries as mentioned in the table below. In case the transaction currency does not match the destination card issuer currency, amount will be converted and credited in currency of the card issuer. In few countries, only few banks may allow the transactions. Below additional daily/monthly/yearly limits applicable for P2P transactions whichever reached first Per Day - 30 transactions or USD 10,000 per Beneficiary card Per Week - 50 transactions or USD 25,000 per Beneficiary card Per Month - 150 transactions or USD 50,000 per Beneficiary card. Below additional daily/monthly/yearly limits applicable for B2P/B2B transactions whichever reached first Per Day - 30 transactions or USD 50,000 per Beneficiary card Per Week - 50 transactions or USD 100,000 per Beneficiary card Per Month - 150 transactions or USD 200,000 per Beneficiary card.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | USD 50,000 | USD 50,000 | USD 2,500 | USD 50,000 |
- Supported Modes
- B2P, P2P
- Supported Currencies
- PHP
- Network Participant
- Partner
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- Cash Payout locations supported by partner. List available
- Cutoff & delivery timing
-
Cash available at pick up center in real time. No pre-defined cut-offs, depends on pick up center
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Type Remitter Identification Number Remitter Address Remitter Country Code Remitter City Remitter Contact No Remit Purpose Code Beneficiary Name Beneficiary Address Beneficiary Account Type Beneficiary Contact Number Beneficiary Country Code Routing Code Type 1 - PICKUP_LOCATION Routing Code Value 1
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Proof of Payment
-
Based on Request from NIUM, partner can provide POP
- Notes
-
When a Beneficiary goes to the payout center, the following will be undertaken 1. Beneficiary will have to present a legal ID and the Transaction reference number. No form needs to be filled. 2. Teller matches Identity details with Transaction Info and provides the cash to Beneficiary.
| B2P | P2P | |
|---|---|---|
| Min | 0 | 0 |
| Max | PHP 50,000 | PHP 50,000 |