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GrabPay sets P15 InstaPay transfer fee starting July 18

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ABS-CBN News

<p>MANILA - Grab Philippines on Friday said it would introduce fees for GrabPay InstaPay transfers to other banks and e-wallets pending the approval of the Bangko Sentral ng Pilipinas.</p><p>&quot;Subject to the approval of the Bangko Sentral ng Pilipinas, InstaPay transactions from GrabPay to other banks and e-wallets will incur an additional PhP 15.00 transfer fee starting 18 July 2022,&quot; it said.</p><p>But transfers to other GrabPay wallets are free of charge, it said.</p><p>Other banks, e-wallets and electronic money issuers have earlier imposed fees for InstaPay fund transfers after waiving such charges during the COVID-19 pandemic.</p><p>Some banks have waived InstaPay and PESONet fees up to December 2022.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/03/24/22/grabpay-dabbles-in-crypto-qr-code-interoperability">GrabPay dabbles in crypto; eyes expansion of QR code interoperability</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>	<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></ul><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=1748673" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Grab Philippines on Friday said it would introduce fees for GrabPay InstaPay transfers to other banks and e-wallets pending the approval of the Bangko Sentral ng Pilipinas.