Dennis Gaviola

Article (news)

Arthur Fuentes

ABS-CBN News

MANILA -- GCash and Bank of the Philippine Islands said they were both adopting InstaPay for cash-in transactions. GCash and BPI said they wouldboth start using InstaPay for cash-ins starting Oct. 1.&quot;This follows the Banko Sentral ng Pilipinas (BSP) directive for all online banks and e-wallets to adopt InstaPay, ensuring faster, safer, and more transparent fund transfers across the country,&quot; GCash said.GCash also said it will not charge direct cash-in fees under the new InstaPay model, but partner banks may adjust their own service fees depending on their policies related to this shift.The country&#x27;s largest fintech advises clients to check with their banks for transition schedules and updated service fees.GCash said that to help customers manage this change smoothly on September 30, customers&#x27; chosen cash in online bank account/s will be delinked from their GCash app. To relink: Tap Cash In &gt; Local Banks &gt; Link Bank Account &gt; Select [Your Bank], the company said.&quot;Check with your banks for updated fees. Plan your cash in transactions accordingly,&quot; the Ayala-led fintech said.BPI meanwhile, said that it has been implementing the Instapay model for ShopeePay and SeaBank in August, and will similarly apply to other apps as they comply with the BSP directive.&quot;The fee covers additional expenses, including clearing costs from BancNet, the designated clearing switch operator for InstaPay,&quot; the Ayala-led bank said.BPI also noted that clients can continue to enjoy a lower fee of P10 by using the BPI app to transfer funds to GCash.&quot;Select customer segments and merchant payments continue to enjoy free transfers,&quot; the bank said.Funds can also be transferred from the BPI app to GSave at zero fees, and then withdrawn to the GCash e-wallet, it added.&quot;This transition ensures compliance with regulatory standards while continuing to offer customers flexible and affordable ways to manage their finances,&quot; BPI said.

GCash and BPI said they were both adopting InstaPay for cash-in transactions.

GCash, BPI to use InstaPay for cash-ins starting October

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GCash, BPI to use InstaPay for cash-ins starting October

Arthur Fuentes,

ABS-CBN News,

Published Sep 29, 2025 05:35 PM PHT

|

Updated Sep 30, 2025 01:07 PM PHT

Read More:

BPI

GCash

InstaPay

online banking

e-wallet

fund transfer

cash-in

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