InstaPay 2.0 Quiz
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.
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
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