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GrabPay to charge Php 15 InstaPay transfer fee starting July 18

JM Chavaria Executive Producer June 3, 2022 · 1 min read

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Ride-hailing super app Grab on Friday said it has pending approval before the Bangko Sentral ng Pilipinas (BSP) to apply Php 15.00 transfer fee for InstaPay transactions from GrabPay to other banks and e-wallets starting on July 18, 2022.

Grabpay Instapay 15 Peso Transfer Fee

Although transfers to other GrabPay wallets will remain free of charge, according to their press release.

Other banks, e-money issuers, and e-wallets have earlier implemented InstaPay transfer fees after waiving such charges during the height of COVID-19 pandemic.

While some banks have waived PESONet and InstaPay fees until December 2022.

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bangko sentral ng pilipinas grab philippines grabpay grabpay fees grabpay transfer fee instapay instapay transfer fee

JM Chavaria

Executive Producer

JM has always had an affinity for all things tech and gaming, even before joining YugaTech. He holds a bachelor’s degree in Journalism from the Polytechnic University of the Philippines (Manila). Since then, JM has been covering the tech industry for several years now through engaging news, reviews, and content creation. Specializing in video editing, writing, and videography, he pays close attention to visuals, spec sheet, and the rule of thirds. JM is also mainly a Nintendo guy, often bringing his modded 3DS XL with him wherever he goes whenever he can.

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