Electronic Fund Transfer Record Volumes
Electronic fund transfers facilitated by InstaPay and PESONet reach heightened ceilings as the total value of 2026 transactions turns PhP 7.69 trillion as of March 2026.
Based on the latest Bangko Sentral ng Pilipinas (BSP) numbers, the aggregate value of transfers increased 118% in March compared to February, while noting a 417% increase from March last year.
Filipinos Show Preference for Digital Payments
With a total volume of over two billion transactions for 2026 as of March, Filipinos continue to prove preference for digital payment methods.
The volume growth is expected to continue to rise, with the Philippines showing inclination to convenience, digitalization, and online banking adoption.
InstaPay and PESONet are automated clearing houses (ACHs) under the BSP’s National Retail Payment System (NRPS) that promotes sustained adoption of electronic payments by making it more convenient for consumers.
