What's Happening?
InstaPay and PESONet, two major electronic payment systems, have reported a significant increase in transaction values in the first nine months of 2025. According to data from BancNet and the Philippine Clearing House Corporation, combined transactions
reached $296.8 billion, marking a 41.1% year-on-year growth. InstaPay transactions alone soared by 54.5% to $135.2 billion, with volume skyrocketing by 187.8% to 2.80 billion transactions. PESONet also saw a 31.7% increase in transaction value, reaching $135.2 billion, with a 16.2% rise in transaction volume.
Why It's Important?
The surge in electronic payment transactions reflects the growing adoption of digital financial services and the shift towards cashless economies. This trend is significant for the financial industry, as it indicates increased consumer trust in digital payment systems and the potential for further innovation in financial technology. The rise in transaction volumes and values suggests a robust demand for convenient and secure payment solutions, which could drive further investment in digital infrastructure and services. This development also highlights the role of electronic payments in enhancing financial inclusion and accessibility.
