Bangko Sentral ng Pilipinas
MANILA, Philippines – Transactions conducted through InstaPay and PESONet topped P24 trillion by the end of May, underscoring Filipinos’ growing shift toward cashless payments as regulators press for broader adoption of digital finance.
Data from the Bangko Sentral ng Pilipinas (BSP) showed that the combined value of transactions coursed through the two automated clearing houses surged nearly 44 percent from a year earlier to P13.1 trillion.
READ: BSP clears way for digital transaction fee hikes; Go wants charges lowered to P2-P5
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