InstaPay for Business, meanwhile, raises the maximum real-time InstaPay transfer for registered businesses from P50,000 to P500,000 per transaction. “This launch reaffirms the BSP’s commitment to build a payment system for every Filipino, and every Filipino business, no exceptions. This started with the National Retail Payment System Framework, which is the blueprint for a safer, faster, and more reliable and interoperable payment system,” BSP deputy governor Mamerto E. Tangonan said. The BSP and PPMI also reiterated the distinction between QR Ph and InstaPay QR, a branding change introduced in 2024. The rebranding did not change the technical standards or interoperability of the QR payment system.