PH rolls out 3 new digital payment services

Bangko Sentral ng Pilipinas

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) on Wednesday stepped up its push to system, launching three payment initiatives that include higher-value InstaPay transfers for businesses and a direct debit facility designed to automate bill payments.

Launched with the Philippine Payments Management Inc., the initiatives include Direct Debit PH, InstaPay Cash-In and InstaPay for Business.

READ: InstaPay, PESONet transfers reach P16 trillion

Article continues after this advertisement

PH rolls out 3 new digital payment services

Other newsrooms on this story

Related reading

₱500K in real time, automatic bills, easier cash-ins: 3 new Philippine payment…

BSP clears way for digital transaction fee hikes; Go wants charges lowered to…

InstaPay, PESONet transactions topped P13T as of May ’26–BSP

BSP presses GCash, Maya on P10 transfer fees: Explain!

BSP: PH digital transfers jump as lower fees spur usage

BDO joins banks waiving InstaPay, PESONet transfer fees