#BPI PHP 10 InstaPay fee

As of yesterday, the Bank of the Philippines Islands (BPI) is making the PHP 10 InstaPay transfer fee permanent. For reference, it went down from PHP 25 for inter-bank fund transfers made via BPI’s mobile app. She said that “The response to our reduction of the InstaPay fee last March was very positive. BPI lowering their transfer fee is part of the company’s vision to provide convenience, security, and cost-efficient digital services. What do you guys think of the BPI PHP 10 InstaPay fee? The petition was based on a circular released by the NTC in 2011, pushing for a decrease in off-net interconnection rates (network-to-network backend fees) from PHP 0.35 to PHP 0.15. Unfortunately this did not happen, so the NTC released another mandate in 2012 ordering the major telecom players to limit their SMS fees to a maximum of PHP 0.80 per text. Read more in our articles including "BPI PHP 10 InstaPay fee now permanent" and "SC reaffirms ruling, blocking NTC lowering of SMS fee to PHP 0.80".