InstaPay and PESONet handle over P22 trillion in transfers as fees drop
From January to August, Filipinos moved more than P22 trillion through InstaPay and PESONet, reflecting rapid digital-payment adoption after fee reductions.
Data released by the Bangko Sentral ng Pilipinas shows that combined transaction volume on InstaPay and PESONet reached over P22 trillion between January and August. The surge follows regulatory moves to lower transaction costs, encouraging more users to shift to electronic transfers. The growth highlights the Philippines’ accelerating embrace of digital payment infrastructure.
Why it matters
The surge shows how fee cuts can accelerate digital payment adoption, reshaping the Philippines' financial landscape.
In this story
digital paymentstransaction volumefee reductionfinancial inclusionPhilippinesBSPInstaPayPESONetP22 trillion
