PAYMENT AND TRANSFER
It enables users to effect secure cash payments within the Philippine financial system and the global payment system.
PDS Fund Transfers operates domestic transfer systems for two foreign currencies: US Dollar – Philippine Domestic Dollar Transfer System (PDDTS) and Chinese Yuan – Renminbi Transfer System (RTS). It handles real-time electronic transfer of USD and RMB and allows participants to send and receive both USD and RMB payments and transfers within the Philippines and with other global payment systems. Other currencies such as Euro and Yen will be included in the future.
PDS Pay electronically links PDSClear to Philippine Peso cash payment systems of the Bangko Sentral Ng Pilipinas, Philippine Payment and Settlement System (PhilPaSS), as well as other banks that are part of this payment and settlement system.