For example, even though interest rates fell in the first half of the 1990s, operating profits recovered. In 1999, when the zero interest rate policy was introduced, operating profits rose along with interest rates. In 2001, the quantitative easing policy was introduced, yet operating profits rose thereafter.
To date, there are over 280 national government agencies and local government units enrolled as billers. Currently, PESONet transfers are done once, that is, at the end of a banking day.