Wednesday, May 22, 2024
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PesoNet, InstaPay transactions hit P5.37T in Jan-July 2022

The Bangko Sentral ng Pilipinas (BSP) said the combined value of PesoNet and InstaPay transactions went beyond P5.37 trillion during the first seven months of 2022, a 43-percent increase from the values recorded during the same period last year.

Landbank waives online fund transfer fees until June 30

The waiver of fees, previously extended only until March 31, 2021, covers online fund transfers facilitated through Landbank’s online banking channels via InstaPay and PesoNet.

Digitalization provided lift to Pinoys during pandemic, says BSP

Digitalization has benefited Filipinos especially during the pandemic, Bangko Sentral ng Pilipinas (BSP) governor Benjamin Diokno said on Friday, Feb. 19. In his speech during...

BSP eyes multiple daily PesoNet transactions clearing

BSP governor Benjamin Diokno said that if the multiple daily clearing of PesoNet transactions works smoothly, then the central bank will allow clearing for these transactions on weekends and holidays.

BSP bares digital payments transformation roadmap

The Bangko Sentral ng Pilipinas (BSP) has unveiled its Digital Payments Transformation Roadmap 2020-2023, which charts the central bank’s current initiatives and strategy in advancing a digital payments ecosystem.

PH banks extending waiver of fees for PesoNet, InstaPay funds transfer

The BSP earlier said that volume of InstaPay transactions during the ECQ in Luzon from March 17 to May 12 rose by 84%, while PesoNet transactions grew by 24%.

BSP orders banks, fintechs to strengthen online fund transfer facilities

The BSP has given BSP-supervised financial institutions (BSFIs) not later than March 31, 2019 to ensure that all its frontline personnel have the necessary know-how to implement fund transfer services PesoNet and InstaPay.

Top e-commerce site bullish on funds transfer functionality of PesoNet

Online shopping site Lazada Philippines has expressed optimism on its use of PesoNet, an interbank electronic funds transfer service.

PesoNet helps PH electronic fund transfers rise by 27%

PesoNet is the first automated clearing house (ACH) under the Bangko Sentral ng Pilipinas' (BSP) National Retail Payment System (NRPS) program.
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