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Cash on delivery still reigns supreme in the Philippines

Cash on delivery accounts for about 23% of e-commerce transaction value processed by Xendit in the Philippines, as QR payments and bank transfers continue to grow.

3 min read

OFWs send less money home as remittances hit three-month low

Cash remittances reached $3.03 billion in August, the lowest monthly level in three months, as the peso weakened and global uncertainties weighed on overseas Filipino workers.

Finance chief wants OFWs to pay less in money transfer fees

Finance Secretary Frederick Go wants international remittance fees lowered to around 2%, aiming to help OFWs send more money home as August remittances dip.

Revolut eyes the Philippines: DOF explores lower costs for cross-border transfers

The Department of Finance discussed a possible Philippine presence with Revolut, as the government seeks cheaper cross-border transfers and more accessible digital financial services for OFWs.

Financial Literacy

InstaPay or PESONet? Here’s how to know which one to use

Learn when to use InstaPay versus PESONet based on transfer speed, transaction amount, and whether your payment is personal, business, or urgent.

Financial Literacy

Sent money to the wrong number? The law is on your side. Here is what to do

Consumers who mistakenly send money to the wrong e-wallet number can seek its return through the recipient, their e-wallet provider, and the BSP.

Filipinos sent more than ₱19T through InstaPay and PESONet in seven months

InstaPay and PESONet transactions reached ₱19.16 trillion in the first seven months of 2026 as digital transfers surged amid lower bank fees.

BSP: Banking should be more accessible through cheaper digital transfers

The BSP says lower digital transfer fees could encourage financial inclusion, while other barriers such as connectivity, maintaining balances, and financial literacy also need to be addressed.

BPI waives PESONet fees for BizLink bank transfers

BPI BizLink corporate customers can now make PESONet transfers to other banks without fees, reducing the cost of routine business payments and disbursements.

HSBC Business customers can now transfer up to ₱500,000 via InstaPay

HSBC business customers can now send up to ₱500,000 per InstaPay transaction, giving companies more flexibility for payroll, supplier payments, and other business transfers.