- At the "One Philippines. One Payment Experience." event held at the BSP’s Assembly Hall on July 29, 2026, the Bangko Sentral ng Pilipinas and PPMI announced four upgrades to the country's payment system.
- These are separate QR Ph codes for person-to-person and merchant payments, InstaPay Cash-In allowing e-wallets to pull funds directly from banks without exposing account balances, InstaPay for Business for real-time high-value transactions like payroll, and Direct Debit PH for one-time authorization of recurring bill payments.
- The upgrades support BSP's target of 60% to 70% digital payment adoption by 2028.
At the "One Philippines. One Payment Experience." event held at the BSP’s Assembly Hall on July 29, 2026, the Bangko Sentral ng Pilipinas and PPMI announced four upgrades to the country's payment system.
These are separate QR Ph codes for person-to-person and merchant payments, InstaPay Cash-In allowing e-wallets to pull funds directly from banks without exposing account balances, InstaPay for Business for real-time high-value transactions like payroll, and Direct Debit PH for one-time authorization of recurring bill payments.
The upgrades support BSP's target of 60% to 70% digital payment adoption by 2028.
This is a developing story. KKB will update this article as more details become available.