During the eight-month period, the volume of PESONet and InstaPay transactions surged by 64.5 percent to 916.58 million from 557.25 million in the same period a year ago.
PESONet and InstaPay are automated clearing houses, launched under the BSP's National Retail Payment System (NRPS), aimed at promoting a safe, efficient, affordable, inclusive and reliable retail payment system.
PESONet enables high-value transactions and may be considered as an electronic alternative to the paper-based check system, while InstaPay is a real-time, low value electronic fund transfer facility for transactions up to P50,000 and is most useful for remittances and ecommerce.
هذه القصة مأخوذة من طبعة October 06, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 06, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
IMI trims global operations to boost profitability, efficiency
Ayala-led Integrated Micro-Electronics Inc.
BOI fast-tracks P4.3 T investments via green lane
Investments for projects endorsed for green lane processing for faster processing of permits have reached P4.3 trillion as of September, according to the Board of Investments (BOI).
Jaime Alfonso Zobel joins IIPCC as private sector representative
Jaime Alfonso Antonio Eder Zobel de Ayala, the son of Ayala Corp.
Financial well-being for all By LOUISE MAUREEN SIMEON
Benedict Sison, chief executive officer and country head of Sun Life Philippines, has accumulated a wealth of experience in five diverse countries the United States, India, Canada, China and Hong Kong before returning to the Philippines. This international exposure has significantly shaped his career decisions and leadership style, providing him the right tools to navigate the complex financial landscape of the insure - inductas
More Pinoys are tuning in to podcasts – study
As digital penetration deepens across the country, more Filipinos are now tuning in to podcasts, surpassing other media platforms such as online streaming sites, online news portal and TV as the most preferred source of information, according to a study conducted by three of the country's largest podcast networks.
PESONet, InstaPay transactions hit P10.9 T
The amount of electronic fund transfers via PESONet and InstaPay jumped by over 34 percent to P10.9 trillion from January to August compared to last year's P8.13 trillion, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Phl seeks stronger economic ties with Germany
The Philippines is seeking enhanced cooperation and investment opportunities with Germany in a bid to boost the local economy.
Phl to further boost innovation efforts
The government will continue to prioritize efforts to promote and strengthen innovation to drive economic growth following improvements in the country's global innovation ranking, the National Economic and Development Authority said.
Food retail sector growth may ease this year
The country's food retail sector is expected to grow at a slower pace of five percent this year as more Filipinos choose to spend less as they cope with higher food prices, according to the US Department of Agriculture Foreign Agricultural Service.
ROS EARNS RIGHT TO CHALLENGE TNT
With Andrei Caracut, Adrian Nocum, Keith Datu and Aaron Fuller making big plays in winning time, ROS drove the dagger on Magnolia in the quarterfinal sudden death, 113103, to march into the PBA Governors' Cup Final Four last night at the Ynares Center here.
