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MANILA, Philippines – Filipinos moved more than P16 trillion in funds through the InstaPay and PESONet systems in the first half of 2026, underscoring the rapid adoption of digital payments as regulators expand efforts to promote cashless transactions.
Data from the Bangko Sentral ng Pilipinas (BSP) showed that the combined value of transactions coursed through the two automated clearing houses surged 45 percent from a year earlier to P16.1 trillion.
READ: InstaPay, PESONet transactions topped P13T as of May ’26–BSP
The number of transactions surged even faster: volumes reached 4.2 billion, up 162 percent year-on-year.
