2nd Quarter Performance

PCHC’s Payment Systems Operations in the 2nd Quarter of 2021 Compared to same period of the Previous Year (2020)


Check Image Clearing System or CICS











Transaction count in CICS for 2nd Quarter of 2021 rose 58.2%; from a total of 19,591,495 in 2020 went up to 30,987,694 in the same Quarter of 2021. It should help that community restrictions, including limitation of number of bank branches to open for business has been relaxed in the 2nd quarter of 2021 as the NCR and nearby provinces placed under less restrictive modified enhanced community quarantine.











CICS Transaction Value likewise rose in Q2 of 2021 compared to same period of previous year as Clearing Value in Q2 of 2021 reached 7.9 Trillion Php or roughly 43.7% higher than same period in 2020 which only amounted to 5.5 Trillion Php.


On a monthly basis, in Q2 of 2021, there was an average monthly increase of 4.9% in volume compared to same period in 2020 which registered also an average monthly increase of 67.1%. In terms of value, Q1 of 2021 registered an average monthly increase of 9.0% compared to an average monthly increase of 41.1% in Q1 of 2020.



Phil. EFT System Operation Network or PESONet











PESONet transaction count in 2nd Quarter 2021 soared further by 86.2%; from 8,281,908 transactions in 2020, it went up to 15,419,351 in Q2 of 2021. Community restrictions, although now less restrictive, including limitation of number of bank branches to open for business in the 2nd Quarter of 2021, encouraged more transactions via online.












Similarly, PESONet value likewise increased; transaction amount for Q2 of 2021 reached 1.03 Trillion Php or roughly 66.7% more; from 619.8 Billion Php in Q2 of 2020.


On a monthly basis, in Q2 of 2021, there was an average monthly decrease of 11.2% in volume compared to same period in 2020 which registered an average monthly increase of 141.0%. In terms of value, Q2 of 2021 registered an average monthly increase of 5% compared to an average increase of 17.1% in Q2 of 2020.



Philippine Domestic Dollar Transfer System End-of-Day or PDDTS-EOD












PDDTS EOD transaction count in Q2 of 2021 rose to 4.9%; from 30,455 transactions in Q2 of 2020, it went up to 31,944 in Q2 of 2021. Modest increase in volume is noted despite the community restrictions become less restrictive in the 2nd Quarter.












PDDTS EOD transaction value in Q2 of 2021 however, rose to 57.1%; from US$ 354.9 Million transaction value in Q2 of 2020, it went up to US$ 557.7 Million in Q2 of 2021.


In terms of monthly statistics however, Q2 of 2021 registered a monthly average decrease of 3.3% in transaction volume but a monthly average increase of 8.2% in value. Q2 of 2020 on the other hand recorded a monthly average increase of 2.5% in transaction volume and indicated a monthly average increase of 4.1% as well in transaction value.



PDDTS-Real Time Gross Settlement or RTGS



PDDTS-RTGS transaction count in Q2 of 2021 reached 81,787, averaging 27,262 transactions monthly. Q2 of 2021 registered an average monthly increase of 3.4%.






PDDTS RTGS transaction value in Q2 of 2021 registered at US$ 33.28 Billion, having a monthly average value of US$ 11.09 Billion. In Q2 of 2021, RTGS Value showed an average decrease of 2.6%, monthly.






PDDTS-Cross-Border


PDDTS Cross-Border transaction count in Q2 of 2021 reached 1,663,having an average monthly transactions of 554. On a month-to-month comparison, Cross-Border Transactions manifested a monthly average increase of 9.5%.





PDDTS Cross-Border transaction value in Q2 of 2021 amounted to US$ 43.46 Billion, having an average monthly value of US$ 14.49 Billion. On a month-to-month comparison, Cross-Border Transactions manifested a monthly average increase of 3.2%.





PDDTS-Payment Versus Payment or PvP


PDDTS PvP transaction count in Q2 of 2021 reached 44,865, having a monthly average transaction count of 14,955. On a monthly comparison, Q2 of 2021 registered a monthly average increase of 28%.





PDDTS PvP transaction value in Q2 of 2021 amounted to US$ 155.34 Billion, having an average monthly value of US$ 51.78 Billion. On a monthly comparison, PDDTS PvP in Q2 of 2021 manifested a 11.1% average monthly increase.