THE VALUE of transactions done through InstaPay and PESONet climbed by 34.6% in the first seven months, according to data from the Bangko Sentral ng Pilipinas (BSP).
Central bank data showed that transactions coursed through the automated clearing houses jumped to P9.45 trillion as of end-July from P7.02 trillion in the same period a year ago.
The combined volume of transactions done via InstaPay and PESONet surged by 64.6% to 786.2 million from 477.5 million year on year.
Broken down, the value of PESONet transactions rose by 28.4% to P5.56 trillion as of July from P4.33 trillion a year ago.
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