• Driven by the wider use of electronic money and online banking, fund transfers via PESONet and InstaPay jumped by 29.3 percent to a record P12.8 trillion in 2023 from P9.9 trillion in 2022, according to the Bangko Sentral ng Pilipinas (BSP).
  • PESONet and InstaPay are automated clearing houses, created under the BSP’s National Retail Payment System (NRPS) to promote a safe, efficient, affordable, inclusive and reliable retail payment system.
  • The volume of PESONet and InstaPay transactions soared by 46.7 percent to 929.63 million from 633.49 million.