Arthur Fuentes

Article (news)

Instapay

Benise Balaoing

ABS-CBN News

MANILA — More banks have waived their fees for InstaPay and PESONet transactionsBDO, Metrobank, PSBank and Security Bank are waiving the fees normally charged for these transactions.This comes after BPI, RCBC, LandBank, and PNB--waived InstaPay and PESONet transfer fees.The move comes shortly after the Bangko Sentral ng Pilipinas (BSP) ordered banks to cut interbank fees.In its latest circular, the BSP said fees for person-to-person e-payments across banks, e-wallet operators, and other payment service providers should not be materially different from fees within the same institution. &quot;These institutions must now also have an analysis of their costs for delivering electronic payment products and services,&quot; the BSP said.Aside from banks, digital bank Maya has also lowered its InstaPay transfer from P15 to P10.

Metrobank and Security Bank have waived transfer fees for InstaPay and PESONet.

Metrobank and Security Bank have waived transfer fees for InstaPay and PESONet.

BDO, Metrobank, Security Bank, PSBank waive InstaPay, PESONet transfer fees

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BDO, Metrobank, Security Bank, PSBank waive InstaPay, PESONet transfer fees

Benise Balaoing,

ABS-CBN News

Published July 09, 2026 12:15 PM PHT

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Updated July 09, 2026 06:58 PM PHT

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Metrobank

InstaPay

PESONet

transfer fees

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