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LIST: Banks with waived InstaPay, PESONet fees as of Jan. 20

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ABS-CBN News

<p>MANILA - The Bangko Sentral ng Pilipinas on Monday released the latest list of banks with waived fees for PESONet and InstaPay electronic cash transfers.</p><p>Banks earlier waived the fees to boost the adoption of the said online payments.</p><div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="List of banks with waived InstaPay and PESONet fees. Source: Bangko Sentral ng Pilipinas" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2022/tvpatrol/01/24/list-of-banks.jpg"/><figcaption>List of banks with waived InstaPay and PESONet fees.<em> Source: Bangko Sentral ng Pilipinas</em></figcaption></figure></div><p>In December, the BSP capped the fees imposed for InstaPay and PESONet transactions. </p><p>Banks and e-money issuers are allowed to waive or reduce their current fees while those that have waived fees may charge fees again at the level prior to such waiver of fees, the central bank earlier said. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/12/29/21/bsp-halts-instapay-pesonet-fee-hikes">Bangko Sentral issues moratorium on InstaPay, PESONet fee hikes</a></li>	<li><a href="https://news.abs-cbn.com/business/10/18/21/1-in-5-payments-now-digital-says-bsp">BSP says 1 in 5 payments now digital; InstaPay overtakes ATM withdrawals in 2020</a></li></ul><p>The BSP has been pushing for digital transactions under its Digitalization Roadmap 2023.</p><p>The use of InstaPay and PESONet surged during the COVID-19 pandemic as cashless payment become the preferred option for Filipinos who want to safely transact without leaving their homes.</p><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1662920" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

The Bangko Sentral ng Pilipinas on Monday released the latest list of banks with waived fees for PESONet and InstaPay electronic cash transfers.