MEGAPERYA Payment Methods — Every Rail, Its Limits & Its Rules

Who operates each Philippine payment rail, how it’s licensed, and what it discloses on limits, fees and settlement — these pages cover all of that. Affiliate sites tend to mishandle payment figures more than almost any other kind of number online, so every figure on this page is sourced either straight from the provider’s site or from a document Bangko Sentral ng Pilipinas has issued. There are 6 pages below.

Everything in this section

Rail	Operated by	Settlement	Gambling position published
Maya	Smart Money became PayMaya Philippines before settling on today’s name	when the transfer runs through wallet-to-wallet or InstaPay it lands in real time	Yes
GCash	Formed jointly by Ayala Corporation and Globe Fintech Innovations	immediate settlement covers wallet-to-wallet and InstaPay	Yes
GrabPay	GPay Network Philippines	wallet-to-wallet transfers finish in real time	Yes
InstaPay	Philippine Payments Management	no day is skipped	No
Over-the-Counter Cash Agents	In place of one operator	at the counter	No
PESONet	Designated by Philippine Payments Management	whether settlement falls on the same banking day or slides to the next comes down to one thing: landing the instruction ahead of the clearing house cut-off	No

Rather than summarising several, each of these 6 pages covers just one entry. If a field above shows “not published”, head to that entry’s own page, where the responsible publisher is spelled out.

Each entry in a paragraph

Just enough about each one to tell you which page is worth opening.

Maya, in detail

Operator: Smart Money became PayMaya Philippines before settling on today’s name, Maya Philippines, Inc.

Published limit: PHP 5,000,000 monthly caps Ultimate Users, PHP 500,000 caps Super Users, PHP 100,000 caps the Upgraded tier, and PHP 50,000 caps Basic accounts.

On gambling: A direct look at Maya’s e-wallet terms and conditions shows no gambling clause at all, just broad restrictions on illegal activity and anti-money-laundering breaches.

GCash, in detail

Operator: Formed jointly by Ayala Corporation and Globe Fintech Innovations, Mynt counts G-Xchange, Inc. among its companies.

Published limit: A Fully Verified account can’t exceed PHP 100,000, a figure taken from the balance at any moment.

On gambling: No blanket prohibition on gambling merchants appears anywhere in GCash’s terms and conditions; the general clause nearest to it bars pyramid and Ponzi schemes Any restriction encountered here was put there by the regulator Issued 14 August 2025, BSP Memorandum M-2025-029 compelled every BSP-supervised institution to clear in-app gambling and gaming links and redirects inside a 48-hour span, and GCash’s GLife Games top-up and withdrawal feature came down as of 16 August 2025

Separately, illegal gambling operators face a zero-tolerance policy from GCash, which also says roughly 3,200 merchants were blocked after misusing its QR system to funnel users into illegal gambling and scam sites.

GrabPay explained

Operator: GPay Network Philippines, Inc. stands as the licensed issuer of e-money for Grab across the Philippines.

Published limit: Loading a Restricted wallet each month maxes out at PHP 10,000, well short of the PHP 100,000 for Standard Consumer and the PHP 250,000 for driver or merchant wallets.

On gambling: Compared with every Philippine e-wallet examined, this one’s gambling stance leaves the least doubt, settling on a straightforward prohibition.

The InstaPay entry

Operator: Philippine Payments Management, Inc. operates the automated clearing house, doing so under BSP oversight.

This field shows not applicable instead of a blank space, because the wallet-limit idea has no application to this particular rail.

InstaPay publishes no position on gambling transactions. That’s not the same as permission: merchant-category rules get applied all the time without being published, and a payment can be declined with no public rule behind it.

Over-the-Counter Cash Agents, in detail

Operator: In place of one operator, individually BSP-accredited and independently owned agent networks take on this role — Cebuana Lhuillier, Philippine Seven Corporation’s CliQQ counters in 7-Eleven, Palawan Pawnshop and M Lhuillier among them — each signing separate contracts with wallets and billers.

This field shows not applicable instead of a blank space, because the wallet-limit idea has no application to this particular rail.

Nowhere has Over-the-Counter Cash Agents put out a position on gambling transactions. That’s not the same as permission: merchant-category rules get applied all the time without being published, and a payment can be declined with no public rule behind it.

PESONet explained

Operator: Designated by Philippine Payments Management, Inc. to operate the clearing switch is the Philippine Clearing House Corporation.

This field shows not applicable instead of a blank space, because the wallet-limit idea has no application to this particular rail.

PESONet publishes no position on gambling transactions. That’s not the same as permission: merchant-category rules get applied all the time without being published, and a payment can be declined with no public rule behind it.

Confirm the specifics on payment methods from within the game itself

Nothing changes as quickly on a site like this as the numbers behind payments. Recheck any one of these yourself — the whole process takes only a couple of minutes:

1. It’s the provider’s own help centre, not a comparison page, that deserves a look here. GCash keeps its limits and terms on its own domain, just as Maya and Grab keep theirs on theirs, and not one of the three has skipped an update in over two years.
2. See which tier a quoted limit actually falls under. The wallet number that gets quoted almost everywhere is pulled from the top tier as if it fit a new account, yet a new account is actually on the bottom tier.
3. Rather than a bank, check the BSP FAQ PDFs for anything on InstaPay and PESONet. A bank’s own page tells you nothing beyond what that bank itself charges, because scheme rules fix the per-transaction cap, and it’s the scheme, not the bank, that decides who ends up paying the fee.
4. Gambling and payment questions call for one document, read cover to cover: the provider’s acceptable use policy. Unlike the other providers here, who tuck it into a help article, GrabPay writes the prohibition straight into its terms of service — making its wording the clearest of any provider in this group.
5. September 2026 is the timestamp behind every number that appears across these pages. A source gets credited on every page, and this is the one cause driving that practice.

The thing most often got wrong here

There’s no single comparable number behind a wallet limit. Where GCash caps how much can sit in the wallet at once, Maya instead caps the total moving through it each month. They measure different things, so a side-by-side table putting PHP 100,000 next to PHP 100,000 as if equivalent is really comparing a bucket to a tap.

Every page discloses, for its own figure, which of the two that number represents. One limit gets triggered by how much money you hold, the other by how much you move — and no table formatting makes those the same thing.

Using these payment methods at MEGAPERYA

1. Sign in at MEGAPERYA and open the cashier.
2. Choose a method your cashier lists for your account, then read off the limits it displays.
3. Make sure the name on your MEGAPERYA account matches the name on your bank or wallet.
4. Get the amount right before you do anything else, then don’t let go of the reference number till your balance shows the change.