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Electronic fund transfers jump to P5.2 T in 4 months
The Philippine Star
|June 23, 2024
The value of electronic fund transfers coursed through the PESONet and InstaPay platforms jumped by 37 percent to hit P5.22 trillion in the first four months as more Filipinos use digital channels for their financial transactions.
Latest data from the Bangko Sentral ng Pilipinas (BSP) showed the combined volume of electronic fund transfers soared by nearly 70 percent to 420.4 million from January to April versus last year's 247.8 million.
During the period, PESONet transactions grew by 32 percent to P3.12 trillion as volume rose by 8.5 percent to 31.9 million.
On the other hand, InstaPay transactions from January to April jumped by 45 percent to P2.1 trillion as volume surged by 78 percent to 388.5 million.
Diese Geschichte stammt aus der June 23, 2024-Ausgabe von The Philippine Star.
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