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Digital payments gaining ground as PhilPaSSplus transactions climb
The Philippine Star
|January 04, 2026
The value and volume of transactions processed through the Bangko Sentral ng Pilipinas (BSP)'s Philippine Payment and Settlement System (PhilPaSS) plus rose in the third quarter of 2025, driven by higher activity in both large-value and retail payments.
Digital payments continue to rise due to the BSP's digitalization efforts and ongoing financial literacy initiatives.
Based on the BSP's latest report on economic and financial developments, the value of PhilPaSSplus transactions reached P151.3 trillion in the third quarter of 2025, 21 percent higher than the previous year's P125.1 trillion.
The BSP attributed the increase mainly to a 19.3 percent rise in the value of large payments, specifically intra-account transfers. The value of retail payment transactions also increased by 12 percent, with automated clearing houses recording the fastest growth at 29.7 percent.
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