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Paleng-QR Ph Plus program

A sample digital transaction which gives BSP further confidence of the growth of this activity in PH

BSP remains optimistic about growth of digital payments in PH, sees benefits to small businesses

According to Statista, the total transaction value in the digital payments market in the Philippines is projected to reach US$43.65 billion in 2024. This value is expected to show an annual growth rate (CAGR 2024-2028) of 8.91 per cent, resulting in a projected total amount of US$61.41 billion by 2028. IMAGE CREDIT: https://www.pymnts.com/ Encouraged by […]

Photo of a Tap & Go card being used to pay for an e-jeepney ride

BSP makes cashless payments possible in open marketplaces and public transport at BARMM

By Jan Michael Carpo, Reporter Thanks to the BSP’s Digital Payments Transformation Roadmap (DPTR), commuters, PUV operators, and market vendors in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) will soon be able to take advantage of undertaking cashless payments in public markets and public transportation. How did this become possible? Digital payment transactions in […]