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BancNet transactions reach P11.4 T in 2024
The Philippine Star
|February 11, 2025
Transactions processed through electronic payments network operator BancNet reached P11.38 trillion in 2024, surging by 33.9 percent from P8.5 trillion in 2023.
The jump was driven by the rise in switched transactions, which rose by 41.2 percent or 690 million to 2.37 billion from the previous year's 1.68 billion transactions.
Switched transactions included fund transfers, cash withdrawals, balance inquiries, bills payments and merchant payments via debit cards or QR Ph codes.
This story is from the February 11, 2025 edition of The Philippine Star.
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