News Articles on instapay

ABS-CBN News
Posted at Dec 29 05:02 PM

The Bangko Sentral ng Pilipinas said Wednesday the Monetary Board has issued a moratorium on fees imposed for InstaPay and PESONet online fund transfers. Read more »

BSP 'confident' in hitting digitalization targets

ABS-CBN News
Posted at Dec 28 10:26 AM

The Bangko Sentral ng Pilipinas said on Tuesday it is confident it can achieve its digitalization goals ahead of 2023. Read more »

Rural banks urged to use technology to stay competitive

ABS-CBN News
Posted at Dec 01 03:40 PM

Rural banks should tap technology to remain competitive in the new normal and to help boost financial inclusion in the countryside, the Bangko Sentral ng Pilipinas said Wednesday. Read more »

Union Bank's digital bank gets SEC approval

ABS-CBN News
Posted at Nov 29 12:12 PM

Union Bank on Monday said the Securities and Exchange Commission has approved the incorporation of its digital bank UnionDigital. Read more »

BSP eyeing central bank digital currency use in 'near future'

ABS-CBN News
Updated as of Nov 16 12:57 PM

The Bangko Sentral said it is eyeing the use of central bank digital currencies (CBDC) but for wholesale transactions not retail in the "near future." Read more »

Digital banks to help drive economic recovery, says BSP

ABS-CBN News
Posted at Nov 03 11:17 AM

Digital banks, along with traditional banks, can boost the country's pandemic recovery, the Bangko Sentral ng Pilipinas said Wednesday, as it pushes for a "tech-savvy" economy. Read more »

1 in 5 payments now digital, says BSP

Jessica Fenol, ABS-CBN News
Posted at Oct 18 06:49 PM

One in 5 payments in the Philippines is now done digitally as the country moves towards its digitalization goals, the central bank said. Read more »

Volume of digital payments hit 20 percent in 2020: BSP

Jessica Fenol, ABS-CBN News
Posted at Oct 08 12:03 PM

The volume of digital payments in 2020 reached 20 percent, hitting the Bangko Sentral ng Pilipinas' target for the year, the central bank said. Read more »

InstaPay, PESONet transactions post 2021 growth

ABS-CBN News
Posted at Sep 17 01:15 PM

Both InstaPay and PESONet fund transfers have registered significant growth in terms of the transaction value for the first 7 months of 2021, the Bangko Sentral ng Pilipinas said Friday. Read more »

BSP likely to 'accomplish' digitalization goals by 2022: Diokno

ABS-CBN News
Updated as of Jun 01 03:50 PM

The Bangko Sentral ng Pilipinas could achieve its digitalization goals before the end of 2022, BSP Governor Benjamin Diokno said Tuesday. Read more »

BSP's digital dream: Electronic payments for sari-sari stores, tricycle drivers

ABS-CBN News
Updated as of May 07 10:52 AM

Part of the Bangko Sentral ng Pilipinas' digital transformation roadmap is to penetrate the micro level in terms of digital payments, Deputy Governor Mert Tangonan said Friday. Read more »

BSP bats for stronger, 'digitalized' post-pandemic economy

Jessica Fenol, ABS-CBN News
Posted at Apr 26 02:24 PM

The Bangko Sentral ng Pilipinas is working with the government not just in terms of pandemic recovery but also in building a stronger and "digitally advanced new economy", the central bank's chief said Monday. Read more »

New fees to push banks to set up more ATMs in provinces: BSP

Bruce Rodriguez, ABS-CBN News
Posted at Apr 08 06:14 PM

The Bangko Sentral ng Pilipinas (BSP) said the new fee system for ATM services can help push banks to install more units in the provinces. Read more »

LIST: BSP says more banks extend waived fees for InstaPay, PESONet

ABS-CBN News
Posted at Apr 01 09:24 AM

The Bangko Sentral ng Pilipinas released late Wednesday an updated list of banks and their waved InstaPay and PESONet fees. Read more »

Be careful of 'InstaLoss' with InstaPay

Aneth Ng-Lim
Posted at Feb 22 10:58 AM

It took many text messages, frantic phone calls and 96 hours before my hard-earned cash was credited back to my account. Read more »

Digitalization 'kept economic gears running' in 2020, says BSP chief Diokno

Jessica Fenol, ABS-CBN News
Posted at Feb 19 05:35 PM

The BSP has been pushing for the growth of online payments in the country with PesoNet and InstaPay under its National Retail Payment System. Read more »

LIST: BSP updates list of banks extending free transfers for 2021

ABS-CBN News
Posted at Jan 12 01:58 PM

The Bangko Sentral has updated its list of local banks extending the free interbank transfers this year through PESONet and InstaPay. Read more »

LIST: Banks waiving interbank transfer fees

ABS-CBN News
Posted at Jan 04 06:25 PM

Several banks have announced that they will be waiving interbank transfer fees via Instapay and PESONet to encourage online transactions amid the continued threat of COVID-19. Read more »

LIST: Banks waiving interbank transfer fees

ABS-CBN News
Posted at Dec 29 05:35 PM

Several banks have announced that they will be waiving interbank transfer fees via Instapay and PESONet to encourage online transactions amid the continued threat of COVID-19. Read more »

PNB offers free bank transfers via Instapay, PESONet until March 31

ABS-CBN News
Posted at Dec 29 12:43 PM

Philippine National Bank (PNB) is extending its free bank transfers using Instapay and PESONet up to March 31 to encourage online banking to avoid the spread of COVID-19. Read more »

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