Digital banking services provider CIMB Bank Philippines now offers InstaPay on the CIMB Bank PH app. Users can now easily transfer as much as P50,000 to and from their CIMB savings accounts […]
CIMB offers free transfers with InstaPay and PESONet
BSP launches PESONet multi-batch settlement
The Bangko Sentral ng Pilipinas (BSP), together with the Philippine Payments Management Inc. (PPMI) launched the Multiple Batch Settlement (MBS) facility of the PESONet electronic fund transfer service. “This new feature enhances […]
EastWest’s free InstaPay service extended until July 31, 2021
With more and more people adapting to digital transactions, universal bank EastWest is extending its free InstaPay service via EastWest Online and Mobile until July 31, 2021. With InstaPay, customers can transfer […]
Tonik digital bank clients can now transfer funds through PESONet
Tonik, a neo or all-digital bank that recently launched in the Philippines, has now enabled interbank fund transfers through PESONet, an electronic fund transfer service. This service is initially available through RCBC, […]
All-digital bank pushes for e-payment adoption with ING Pay
ING Philippines unveiled its latest e-payment system ING Pay in anticipation of large-scale digital transactions in the coming months as the Bangko Sentral ng Pilipinas explores more use cases of cashless payments […]
PH payment management body says lockdowns spur rise in digital payments services
Based on the data of Philippine Payments Management, Inc. (PPMI), InstaPay recorded 29.53 million transactions for the period of March-May 2020, when several parts of Luzon are put in quarantine to combat […]
Banks, e-money providers urged to help consumers transition to e-payments
The Philippine Payments Management Inc. (PPMI) urged its members to continue helping consumers use online and mobile banking amid the continuing quarantines caused by the COVID-19 pandemic. “Banking should be available to […]
BSP notes rise in digital payments amid quarantine
The Bangko Sentral ng Pilipinas (BSP) recognizes the need for adopting contactless payments amid the highly contagious disease COVID-19. With more and more companies offering financial technology services, people are getting accustomed […]
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