Bank of the Philippine Islands (BPI) has decided to keep its lower InstaPay fee of P10 as the regular rate for fund transfers made through its mobile app.
The bank introduced the ₱10 rate in March 2025, down from the original ₱25 fee. It was first offered as a promo and set to end on May 31, but BPI said many users responded well to the lower cost.
“The response to our promotion reducing InstaPay fee to P10 last March was very positive, as we experienced increased transactions throughout online and mobile banking channels,” BPI said in a statement.
No end date this time
The ₱10 fee will continue with no set end date. According to BPI, the move is part of efforts to support digital banking and make everyday transactions more affordable and accessible.
The bank said that making the P10 InstaPay fee permanent is part of its commitment to deliver convenient, secure, and cost-efficient digital services to Filipinos and help them manage their finances more effectively.
InstaPay allows real-time money transfers between different banks. The reduced fee applies only when sending money through the BPI mobile app.
The bank said the initial promo aimed to get more customers to try digital platforms for sending funds.
Get the latest before it trends. Follow Back End News on LinkedIn, Facebook, X, YouTube, and TikTok for updates and in-depth coverage across the tech and security landscape.