Tag "InstaPay"

PESONet and InstaPay Digital Transactions Surge in Q1 2024, Hitting P3.81 Trillion

In the first quarter of 2024, the combined transaction value of PESONet and InstaPay in the Philippines reached P3.81 trillion, showing a 33% increase, a third more from the P2.87 trillion collected in the corresponding period the previous year, according

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Higala Aims to Lower Costs to Broaden Digital Transaction Access for Rural Banks

In a bid to enhance financial inclusion, the newly launched instant payment platform Higala will look to increase the share of how rural banks in the Philippines engage with digital transactions through the InstaPay online payments processing service. Owned by

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How Far Along is the Philippines’ Digital Payments Transformation Roadmap?

Of the many branches of fintech that can benefit society, the Philippines recognised the need to embrace digital payments as a means of fostering financial inclusion and economic growth. In response, the Bangko Sentral ng Pilipinas (BSP) launched the Digital

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Growsari Merchants Can Now Accept Digital Payments Using QR Codes

B2B ordering and store solution platform Growsari has partnered with Instapay to roll out a new feature to enable small physical retail stores to accept QR digital payments from their customers. Customers can pay by scanning the store’s QR code,

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PESONet, InstaPay Transactions Surpassed PHP 5.37 Trillion in July This Year

The combined value of PESONet and InstaPay transactions went beyond PHP 5.37 trillion during the first seven months of 2022, a 43 percent increase from the values recorded during the same period last year. PESONet and InstaPay also recorded more

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InstaPay’s Transactions Continue on an Upward Trajectory

Real-time fund transfer service InstaPay processed close to 300 million transactions with a total value of PHP 5.49 trillion in the first seven months of the year. The average daily volume was 1.37 million transactions. InstaPay enables customers of a

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GrabPay Pushes Back InstaPay Transfer Fee to August

Southeast Asia ride hailing superapp Grab announced via an app advisory that it will delay charging additional fees for InstaPay transactions until August 8 this year. InstaPay is a real-time electronic payments system that had recently been designated as a

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These are the Major Banks Waiving Fees for PESONet, InstaPay Until Year’s End

A number of major banks have decided to extend the waiver for fund transfer fees for PESONet and InstaPay transactions until the end of this year instead of September 30, 2020 as scheduled previously. PESONet and InstaPay are the two

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