Bangko Sentral ng Pilipinas (BSP) has recently shared the updated list of banks with an extended waiver of fees for PESONet and InstaPay, as of January 4, 2021. Go said discussions with industry stakeholders are ongoing to explore ways of reducing costs further, adding that consumers should ideally only shoulder switching fees associated with digital transactions. GCash has announced a temporary waiver of transaction fees for overseas Filipino workers (OFWs) in several Middle East countries. Under the initiative, users can receive a full refund of service fees for selected GCash app services, including bank transfers to Philippine banks, mobile load purchases, and bill payments for Philippine-based billers. “We are thrilled to announce that LandBank is waiving transaction fees for small-value online fund transfers to other banks," “This is our holiday gift to our valued customers, as we continue to promote safe and convenient digital transactions,” -- Lynette Ortiz, LandBank President and CEO Read more in our articles including "BSP updates bank list with extended waiver of fees for PESONet and InstaPay" and "Banks, e-wallets face new BSP rules on digital payment fees".
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Jun 22, 2026Bangko Sentral ng Pilipinas (BSP) has recently shared the updated list of banks with an extended waiver of fees for PESONet and InstaPay, as of January 4, 2021. Go said discussions with industry stakeholders are ongoing to explore ways of reducing costs further, adding that consumers should ideally only shoulder switching fees associated with digital transactions.
GCash has announced a temporary waiver of transaction fees for overseas Filipino workers (OFWs) in several Middle East countries. Under the initiative, users can receive a full refund of service fees for selected GCash app services, including bank transfers to Philippine banks, mobile load purchases, and bill payments for Philippine-based billers. “We are thrilled to announce that LandBank is waiving transaction fees for small-value online fund transfers to other banks," “This is our holiday gift to our valued customers, as we continue to promote safe and convenient digital transactions,” -- Lynette Ortiz, LandBank President and CEO
Our coverage of Banks with Waive Fees includes: "BSP updates bank list with extended waiver of fees for PESONet and InstaPay"; "Banks, e-wallets face new BSP rules on digital payment fees"; "GCash waives transaction fees for OFWs in Middle East". Each article provides unique insights and information.