PESO NET, Another Step Towards the Goal The pioneer ACH we launch today under the NRPS framework is one of those dynamic and disruptive steps towards our goal. It implements a batch electronic fund transfer (EFT) scheme. The participants have christened it, “The Philippine EFT System and Operations Network”... quite a mouthful but it is shortened to, “PESO Net".
The subscriber base in cellular phone has jumped from 3 million to 7 million in the last one year and it is expected by 2005 the number will cross 15 million - an unprecedented feat. 2  BIS Review 5/2005  6.