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Online fund transfers increase 40% to P7T
The Philippine Star
|May 27, 2025
Transactions via the InstaPay and PESONet platforms of the Bangko Sentral ng Pilipinas (BSP) jumped by almost 40 percent to over P7 trillion as of April as Filipinos continue to take advantage of digital channels.
Based on latest BSP data, the combined value of transactions coursed through InstaPay and PESONet settled at P7.15 trillion as of April, 37 percent higher than the P5.22 trillion in the same period last year.
About 56 percent of the total at P4.01 trillion was from PESONet while InstaPay logged the remaining 44 percent or P3.13 trillion.
In terms of volume, transactions almost doubled to 837.12 million from just 420.39 million in the four-month period last year.
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