The inaugural edition took place in 2012, replacing the annual Long Teng Cup which the Philippines has been participants since its inception.

[1] The inaugural edition in 2012 was due to be the third annual Long Teng Cup, however, the organizers, the Chinese Taipei Football Association (CTFA), begged off from staging it and requested the PFF to host it.

[2] The PFF then renamed it as the Paulino Alcántara Cup,[3] after Filipino–Spanish football legend who played for Barcelona.

It was again renamed to the Paulino Alcántara Peace Cup and eventually to the Philippine Peace Cup as the Philippine Sports Commission, which operates the Rizal Memorial Stadium where the tournament was held, has a rule against events named after an individual.

Starting 2014, ABS-CBN Sports and Action will air the games, after Studio 23 ceased broadcast.