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InstaPay 2.0 Quiz

A modern digital payment system with futuristic elements, representing financial inclusion and technology integration in ASEAN countries.

InstaPay 2.0 Quiz

Are you ready to test your knowledge about InstaPay 2.0 and the country's payment modernization goals? This quiz is designed to enhance your understanding of digital payments and the key components shaping the future of financial transactions.

Explore the objectives of BSP's payment system modernization.
Learn about the innovative features of InstaPay 2.0.
Challenge yourself with engaging questions.

7 Questions2 MinutesCreated by InnovativeBanker473

Select BSP's 3 main goals in modernizing the country's payment system.

Financial Inclusion

Implement NRPS

Cash-lite Society

30% digital transactions in 2023

Reduce money laundering

Safe, convenient and inexpensive electronic payments

50% digital transactions in 2024

Select 4 key components of InstaPay 2.0

World-class Data Center

Multi-Proxy Platform

Repeat Transactions

AML Insights

Real-Time Payment System

QR Payments Ready

ISO20022 Messaging

MPP (Multi-Proxy Platform) is a directory service that enables users to initiate payments via a proxy removing the need to enroll or enter the recipient's bank /EMI account number. True or False?

True

False

What field did we add to the available proxies to provide flexibility and even out the playing field for all participants?

Give one similar product/service name of other ASEAN countries that also use Vocalink as its real-time platform.

Select the list of pilot participants.

BDO, BPI, GXI, MBTC, RCBC, UBP

BDO, BPI, CBC, MBTC, RCBC, UBP

BDO, BPI, MBTC, SBC, RCBC, UBP

When is the target pilot live date of InstaPay 2.0? MM/DD/YY format

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