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Electronic fund transfers hit all-time high in May: Philippines

Electronic fund transfers hit all-time high in May: Philippines
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Electronic fund transfers hit all-time high in May

Electronic fund transfers hit all-time high in May
philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.

Bangko sentralFelipe medallaNational retail payment systemRetail payment systemDigital payment transformation roadmap

PESONet, InstaPay fund transfers jump to P3 8 trillion in 4 months

The value of electronic fund transfers coursed through the PESONet and InstaPay jumped by 30.1 percent to hit P3.81 trillion in the first four months of the year from P2.92 trillion in the same period last year, as more Filipinos turn to digital channels for their financial transactions.

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Electronic fund transfers reach P1 8 trillion in 2 months

The Philippines continues to catch up with digitalization in Southeast Asia as electronic fund transfers in the country rose by 34.5 percent in the first two months of the year, according to the Bangko Sentral ng Pilipinas.

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PESONet, InstaPay transactions soar

The value of electronic fund transfers coursed through the PESONet and InstaPay jumped by 36 percent to P955.9 billion in January from P702.6 billion in the same month last year as more Filipinos continue to embrace digitalization.

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