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InstaPay, PESONet transactions top P10 trillion at end-April
Business World Philippines
|May 22, 2026
DIGITAL PAYMENTS continued to expand in the Philippines as transactions made via InstaPay and PESONet reached a total value of over P10 trillion as of April, data from the Bangko Sentral ng Pilipinas (BSP) showed.
In the first four months of the year, the combined value of InstaPay and PESONet transfers amounted to P10.388 trillion, up 45.38% from the P7.145 trillion seen in the year-ago period.
Meanwhile, more users turned cashless as the volume of transactions made through the two payment gateways more than tripled (225.1%) year on year to 2.721 billion as of April from 837.18 million previously.
Broken down, the value of InstaPay transactions jumped by 62.71% to P5.093 trillion from 3.13 trillion a year ago.
This story is from the May 22, 2026 edition of Business World Philippines.
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