InstaPay, PESONet transfers soar to P22 trillion as fees fall

MANILA, Philippines — Filipinos moved more than P22 trillion in funds through the InstaPay and PESONet systems from January to August, underscoring the rapid adoption of digital payments after regulators had pushed for lower transaction fees. Data from the Bangko Sentral ng Pilipinas (BSP) showed that the combined value of transactions coursed through the two automated