Bangko Sentral ng Pilipinas Encourages Shift to E-payments Amid Quarantine

Source: Bangko Sentral ng Pilipinas

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno championed the use of e-payments amid the Luzon-wide, enhanced community quarantine (ECQ) to minimize face-to-face transactions and prevent the spread of COVID-19.

“We can do our part in stopping the spread of COVID-19 by staying home.” The Governor further urged Filipinos to “use e-payment services such as PESONet and InstaPay when purchasing essentials like food and medicines, when transferring money to accounts of loved ones, and when paying utility bills, loans and other obligations. Fees for these services have been waived by authorized financial institutions during the ECQ period.”

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