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Filipinos sent more than ₱19T through InstaPay and PESONet in seven months
InstaPay and PESONet transactions reached ₱19.16 trillion in the first seven months of 2026 as digital transfers surged amid lower bank fees.
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BPI waives PESONet fees for BizLink bank transfers
BPI BizLink corporate customers can now make PESONet transfers to other banks without fees, reducing the cost of routine business payments and disbursements.
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New BSP rule bans backend deductions on digital transfers
BSP Circular No. 1238 requires recipients to receive the full amount of digital transfers and ties interbank fees to actual processing costs.
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House urged banks to cut transfer fees. Some already charge ₱0
The House of Representatives is urging banks and remittance centers to lower or waive transaction fees, as some digital banks already offer zero-fee transfers.
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