Clearly, the trajectories of the PESONet and InstaPay volume and value reflect increasing consumer trust in these fund transfer services. For businesses, the InstaPay has been useful in the settlement of low-value yet urgent financial obligations. It is even more convenient to use with the availability of interoperable Person-to-person or P2P QR codes, which follow the BSP-prescribed National QR Code Standard or “QR Ph”.
APRA liquidity announcement I would like to finish with a few remarks on the recent APRA announcement on eligible assets for the forthcoming Basel liquidity standards.4 The APRA announcement stated that CGS and semis are the only assets that currently qualify as Level 1 assets and that there are currently no Level 2 assets on issue.