Electronic banking consortium BancNet Inc. sees the sustained uptrend in digital and ATM transactions as the economy continues to recover from the impact of the COVID-19 pandemic.
Real-time electronic fund transfers via InstaPay reached P5.49 trillion in the first seven months of the year despite the further easing of COVID-19 lockdown and mobility restrictions.
Nestor V. Tan and Fabian S. Dee have been given a fresh mandate to lead electronic banking consortium BancNet as chairman of the Board and president, respectively.
INSTAPAY and Mastercard announced an enhancement to their services on Monday, allowing fund transfers via QR code, mobile number or email address on digital platforms. In a statement, InstaPay and Mastercard said the new options are expected to make it easier for more consumers to access the digital economy for…
Real-time interbank money transfer service, InstaPay, recorded its highest single-day volume of 1.88 million transactions on December 15, 2021. December 15 is the last payday before Christmas and when some employees also receive their 13th month pay or Christmas bonus.