PSBank Waives InstaPay and PESONet Fees Starting July 9
PSBank's decision follows a sequence of digital transfer fee adjustments by local commercial and state-run banking institutions.
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PSBank's decision follows a sequence of digital transfer fee adjustments by local commercial and state-run banking institutions.
Under the update, depositors will incur ₱0 charges for electronic fund transfers across both local retail networks.
MANILA, Philippines – Metropolitan Bank & Trust Co. (Metrobank) has scrapped transfer fees for transactions made through its mobile app, becoming the latest bank to waive charg...
The pricing updates follow regulatory adjustments directed by the Bangko Sentral ng Pilipinas (BSP) regarding electronic payment pricing.
Several Philippine banks and e-wallets have reduced or eliminated InstaPay and PESONet transfer fees following new BSP pricing rules. Here's the latest list of institutions offerin...
LANDBANK’s policy adjustments conform to BSP Circular No. 1238, which lifted a five-year moratorium on electronic fund transfer pricing to allow market-based transaction structures...
What do you need to know: BPI is permanently waiving all InstaPay and PESONet fees starting July 1 across its entire digital ecosystem, including the BPI app, BPI Online, VYBE e-wa...
The new policy replaces Metrobank’s previous reduced rate of ₱8 for InstaPay and ₱50 for PESONet transactions.
The waiver will apply across BPI’s main digital channels, including its mobile application, BPI Online web platform, VYBE e-wallet, and BizKo platform for small businesses.
The announcement follows a similar decision by the Bank of the Philippine Islands (BPI), which permanently waived its InstaPay and PESONet transfer fees effective July 1.
The BSP has lifted its moratorium on InstaPay and PESONet fee increases, introducing a market-based pricing framework while maintaining protections for consumers and small digital...
As part of its push to encourage more Filipinos to engage in cashless payments, the BSP has lifted the moratorium on transaction fees for InstaPay and PESONet transactions. “The li...
Why are banks suddenly waiving their transfer fees? Filipinos have long been accustomed to paying additional fees for digital transactions via online banking, with InstaPay transac...
“All banks din po sana.” This was the comment of Filipinos after the Bank of the Philippine Islands (BPI) decided to permanently waive its transfer fees for online transactions. Th...
The zero-fee InstaPay feature adds to its existing lineup of complimentary digital services on the UnionBank Online application.
Under the new rules, if transfers within the same bank or e-wallet are free, transfers to another bank or e-wallet should generally cost only the switch fee. For InstaPay, that’s a...
PayNow could soon move beyond basic transfers as Singapore studies new features for consumers, merchants, businesses and government payments. The work is being led by the Monetary...
Following BPI’s announcement, RCBC is the next bank to announce that it will offer waived InstaPay fees starting July 4 on transfers made through RCBC Pulz. Under its new policy, R...
Managing cash just got more convenient for UnionBank customers. Through its partnership with ECPay, UnionBank of the Philippines is making it easier to deposit cash into peso savin...
Nepalis can now send money to their family and friends in India. The facility comes as part of the further realization of cross-border payment between Nepal and India, formalized i...
Data published by PayMongo indicated that the national QR standard surpassed the combined shares of credit cards and e-wallets, registering a 510% year-over-year growth from its 16...
What do you need to know: QR PH dominates the cashless scene in the Philippines, with PayMongo revealing that the unified QR system now commands 55% of its total payment volume in...
After BPI announced permanently waived InstaPay and PESONet fees and RCBC offering 30 waived InstaPay fees per month on their Pulz app, Maya and GCash made adjustments to their Ins...
Payfinia, an independent payment services firm specializing in embedded instant payment solutions for community financial institutions, has completed integration with The Clearing...
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