Tag "PESONet"

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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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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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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Neobank Tonik Taps PESONet to Secure Digital Payments

Philippines neobank Tonik announced that it has tied up with PESONet to enable safe and secure electronic fund transfers to its account from other banks. Tonik users are now able to transfer funds from a PESONet participating bank to their

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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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