PHL companies expect growth in cashless payments to continue bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
The Philippines on its way to becoming a cash-lite economy bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
The Bangko Sentral ng Pilipinas is further accelerating the development of an inclusive digital payments landscape as part of its commitment to shift to a cash-lite from a cash-heavy economy.
THE Bangko Sentral ng Pilipinas (BSP) reported a big jump in PESONet transactions, following the implementation of a multiple batch settlement (MBS) facility for the electronic funds transfer service. Over the weekend, the BSP said the total value of PESONet transactions jumped by 48.1 percent to reach P2.9 trillion in…
The value and volume of large electronic fund transfers jumped in the first half after the frequency of clearing was doubled, according to the Bangko Sentral ng Pilipinas.