Metrobank reduces InstaPay transfer fee to ₱8 starting Feb. 1
Metropolitan Bank & Trust Co. (Metrobank) reduced its InstaPay transfer fee to ₱8 per transaction starting Feb. 1, 2026, from the previous ₱25 fee, lowering the cost of sending money…
GoTyme Bank offers free InstaPay transfers
Digital bank GoTyme Bank has started offering its customers 20 free InstaPay transfers every month, beginning Sept. 3. The free transfers automatically refresh at the start of each month, allowing…
BPI keeps ₱10 InstaPay fee for mobile fund transfers permanent
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…
SG-based VC backs Higala’s $2.8 million seed funding extension
Higala, an instant payments system connecting smaller financial institutions to electronic fund transfer services such as InstaPay, has extended its seed funding round to $2.8 million. The funding is led…
Higala, RCBC partnership opens InstaPay access for rural banks
Higala Group Inc., an instant payments platform operator, and Rizal Commercial Banking Corp. (RCBC) have partnered to launch SynerFi, a digital payments platform aimed at bridging financial gaps for rural…
Wise gains direct access to InstaPay, enabling faster payments in PH
Wise, a global financial technology company, now has direct access to InstaPay, the Philippines’ real-time payments infrastructure. The connection allows Wise to settle directly with the Bangko Sentral ng Pilipinas…
BSP considers removing fees for online fund transfers
The Bangko Sentral ng Pilipinas (BSP) is exploring the removal of transaction fees for personal electronic fund transfers (EFTs) and payments to small businesses. The proposed changes are part of…
BSP approves amended guidelines for e-payments
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved new guidelines for the “Settlement of Electronic Payments under the National Retail Payment System (NRPS) Framework.” This move…
ACI: PH real-time payment transactions grow 24% in 2023
The latest report by ACI Worldwide, real-time electronic payment and banking solutions provider, shows that real-time payment transactions in the Philippines saw a 24% year-on-year increase in 2023. The report…
Metrobank waives InstaPay fees until June 2024
Sending cash gifts or even giving daily allowance for the next school year is now lighter on the pocket as Metrobank waives InstaPay fees for transactions worth P1,000 and below…
UnionBank waives fees for InstaPay fund transfers
Aboitiz-led Union Bank of the Philippines (UnionBank) is waiving fees for InstaPay fund transfers up to P1,000 this holiday season. UnionBank is continuing its policy of waiving all fees for…
CIMB offers free transfers with InstaPay and PESONet
Digital banking services provider CIMB Bank Philippines now offers InstaPay on the CIMB Bank PH app. Users can now easily transfer as much as P50,000 to and from their CIMB…
Tonik now offers fund transfers via InstaPay
Neobank Tonik has integrated the electronic fund transfer (EFT) service Instapay into its mobile app services. Customers can now send and receive real-time transactions for up to P50,000 to and…
UnionBank’s UPAY aims to simplify payment system for businesses
With more businesses going online and adopting digital payments, Union Bank of the Philippines (UnionBank) designed its UPAY for MSME offering to be as simple and as easy to use.…
PayMaya gives instant cashback on Instapay transactions
Ongoing until Dec. 31, 2021, PayMaya is giving its app users instant cashback on their transaction fees for cash-ins or bank transfers when they use Instapay, an electronic fund transfer…
EastWest’s free InstaPay service extended until July 31, 2021
With more and more people adapting to digital transactions, universal bank EastWest is extending its free InstaPay service via EastWest Online and Mobile until July 31, 2021. With InstaPay, customers…
PayMaya says bank transfer via InstaPay is still free until Oct. 31
To enable all Filipinos to continue availing of safe and convenient financial transactions, sending money from PayMaya to other banks and e-wallets via InstaPay will continue to remain free until…
PH payment management body says lockdowns spur rise in digital payments services
Based on the data of Philippine Payments Management, Inc. (PPMI), InstaPay recorded 29.53 million transactions for the period of March-May 2020, when several parts of Luzon are put in quarantine…
Banks, e-money providers urged to help consumers transition to e-payments
The Philippine Payments Management Inc. (PPMI) urged its members to continue helping consumers use online and mobile banking amid the continuing quarantines caused by the COVID-19 pandemic. “Banking should be…
BSP notes rise in digital payments amid quarantine
The Bangko Sentral ng Pilipinas (BSP) recognizes the need for adopting contactless payments amid the highly contagious disease COVID-19. With more and more companies offering financial technology services, people are…
You must be logged in to post a comment.