1 week BSP: PESONet, InstaPay payments jump to P444B Manilatimes |Biz
Electronic payment (e-payment) transactions coursed through the automated clearing houses of the Bangko Sentral ng Pilipinas’ (BSP) National Retail Payments System rose to P444 billion as of September. In a speech on Wednesday, BSP Governor Benjamin Diokno said the use of one of the clearing houses, PESONet, soared both in volume and value as of the ninth month. “Payments made through PESONet more than doubled, with volume surging by 264 percent year-on-year and value rising by 160 percent over the same period,” he said. BSP data showed that PESONet transactions were valued at P301.02 billion as of September, up ... more