Now, in a new draft circular, the BSP is seeking feedback from stakeholders on a plan to make person-to-person electronic fund transfers and micro-merchant payments entirely free of charge. While the central bank yet to specify the exact maximum amounts, it has indicated that personal fund transfers should not exceed 10 times a week. Read more in our articles including "BSP eyes zero-fee electronic fund transfers, payments to MSMEs" and "BSP requires banks to keep bigger emergency funds".
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May 8, 2026Now, in a new draft circular, the BSP is seeking feedback from stakeholders on a plan to make person-to-person electronic fund transfers and micro-merchant payments entirely free of charge. While the central bank yet to specify the exact maximum amounts, it has indicated that personal fund transfers should not exceed 10 times a week.
Our coverage of BSP electronic fund transfers includes: "BSP eyes zero-fee electronic fund transfers, payments to MSMEs"; "BSP requires banks to keep bigger emergency funds"; "Court of Appeals stops refund order of NTC". Each article provides unique insights and information.
Our article "BSP eyes zero-fee electronic fund transfers, payments to MSMEs" published on October 2, 2024 covers the latest information about BSP electronic fund transfers. Check it out for the most current details.