Digital payments gaining ground as PhilPaSSplus transactions climbDigital payments continue to rise due to the BSP‘s digitalization efforts and ongoing financial literacy initiatives. By value, large-value transactions dominated at 84.8 percent of total PhilPaSSplus activity. Retail payments accounted for 13 percent of total value, with customer payments representing the largest share at 6.3 percent. Transactions between the BSP and PhilPaSSplus participants also grew by 12.8 percent, further lifting large-value payment volumes. Retail payments posted a more modest 2.9 percent increase, buoyed by higher check transactions at nine percent, automated teller machine transactions at 4.5 percent, customer payments at 2.8 percent as well as automated clearing house transactions at 2.4 percent.

Source: Philippine Star January 03, 2026 16:11 UTC