MANILA— Both InstaPay and PESONet fund transfers have registered significant growth in terms of transaction value for the first 7 months of 2021, the Bangko Sentral ng Pilipinas said Friday.
With these developments, the BSP said it would further push for its digitalization efforts in order to build a stronger post-pandemic economy, the central bank said. InstaPay and PESONet are part of the BSP's clearing houses under the National Retail Payment System.
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