PH digital transactions hit P2 trillion in June, BSP reports

The Bangko Sentral ng Pilipinas (BSP) reported that digital transactions coursed through PESONet and InstaPay reached %u20B12 trillion in June 2025, marking a 51.5 percent increase from the same month last year.

The combined figure reflects a %u20B1680-billion jump from June 2024’s %u20B11.32 trillion and a one percent increase from the %u20B11.98 trillion recorded in May.

In its latest data release, the BSP said the spike in digital payment activity is driven by both a rise in transaction value and volume. PESONet transactions rose by 46.3 percent year-on-year to %u20B11.08 trillion in June, while InstaPay transactions surged 58.2 percent to %u20B1916.6 billion.

However, while PESONet posted a 2.9 percent monthly growth, InstaPay dipped slightly by 1.5 percent from May’s %u20B1930.6 billion.

In terms of transaction count, total volume from the two clearing systems stood at 370.8 million in June—more than triple the 118.4 million recorded during the same month last year. Compared to the previous month, this was also a slight uptick from 369 million.

PESONet processed 9.6 million transactions, up 21.5 percent year-on-year, while InstaPay handled 361.2 million transactions—a staggering 226.9 percent increase from 110.5 million in June 2024.

Launched under the BSP’s National Retail Payment System (NRPS), PESONet and InstaPay continue to play a central role in the country’s shift to a digital economy. PESONet caters to high-value electronic fund transfers typically used by businesses, while InstaPay enables real-time low-value transfers and is commonly used by individuals for e-commerce and remittance.

The central bank aims to raise the share of digital payments in total transactions as part of its push toward a cash-lite society. The June figures highlight the growing trust of Filipinos in digital financial services and the increasing relevance of fintech solutions in everyday commerce.