Norobiik @[email protected]Dec 19, 2023

#MANILA, #Philippines – If you use #DigitalPayments a lot, you’ll be pleased to know that fees for #InstaPay and #PESONet aren’t going up anytime soon.

The Bangko Sentral ng Pilipinas (BSP) has maintained its cap on InstaPay and PESONet fund transfer fees, according to Monetary Board Resolution No. 1599.

Banks not allowed to raise InstaPay, PESONet fees – #Bangko
Sentral
https://www.rappler.com/business/banks-not-allowed-raise-instapay-pesonet-fees-bangko-sentral-pilipinas-resolution/

Banks not allowed to raise InstaPay, PESONet fees – Bangko Sentral

There is no definite period for the cap on transfer fees, although the central bank says it could be lifted once ‘zero fees are operationalized’ for small-value fund transfers

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