East Asia & Pacific · GDP rank #28
Philippines
PH · PHP @ 0.0162/USD
Tab 08
Pulse
The preceding ~90 days of macro, regulation, product, funding and milestone events. Each item is primary-sourced; no trade-press echo.
- 6 days agodata
Peso closes May at multi-year low as oil-import pressure tests BSP smoothing
USD/PHP traded near 61.7 in the week to 22 May after a 12-month slide of more than 11%. BSP officials have publicly framed intervention as smoothing rather than defending a level, but commentary out of the Monetary Board signals discomfort if depreciation passes through to inflation.
- #fx
- #bsp
- #macro
Source: Bangko Sentral ng Pilipinas (BSP)
- 7 weeks agodata
BSP confirms online payments hit 57.4% of retail transaction volume in 2024
The latest Status of Digital Payments report puts online share of monthly retail transactions at 57.4% by volume and 59% by value in 2024, up from 52.8%/55.3% in 2023. BSP reiterated the 60-70% by 2028 target.
- #bsp
- #milestone
- #data
Source: Bangko Sentral ng Pilipinas (BSP)
- 2 months agoregulation
BSP holds policy rate at 5.00% after February 25bp cut
The Monetary Board left the target reverse repurchase rate unchanged at 5.00% on 26 March, citing a benign domestic inflation print but flagging oil-price volatility from Middle East tensions as a sensitivity.
- #bsp
- #macro
- #rates
Source: Bangko Sentral ng Pilipinas (BSP)
- 3 months agomilestone
BSP and BancNet publish full-year 2025 InstaPay totals: 4.66B transactions, P11.55T value
Combined InstaPay + PESONet value reached P24.7T in 2025 (+42% YoY); InstaPay volume more than tripled to 4.66bn transactions. The data drop confirms that retail flow has shifted decisively away from over-the-counter remittance pickup to in-app A2A.
- #instapay
- #pesonet
- #data
Source: BusinessWorld / BSP
- 3 months agoregulation
BSP mandates use of standardised InstaPay and PESONet rails for digital banks and e-wallets
BSP issued a circular requiring digital banks and EMIs to settle peso transfers via InstaPay or PESONet rather than proprietary closed loops. The change targets failed-transfer reliability and consumer-facing interop between GCash, Maya, and bank apps.
- #bsp
- #regulation
- #interoperability
Source: Bangko Sentral ng Pilipinas (BSP)
- 3 months agom&a
Maya weighs US IPO of up to US$1bn — Bloomberg
Bloomberg reported in mid-February that PLDT-backed digital bank Maya was sounding US underwriters for a listing of US$500m to US$1bn, ahead of any local PSE listing. Chairman Manuel Pangilinan subsequently hinted at a dual track.
- #maya
- #ipo
- #fintech
Source: Bloomberg