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. The Bangko Sentral ng Pilipinas (BSP) is taking a stand against slow refunds and unfair fees for failed PESONet and InstaPay transactions. Read more in our articles including "BSP eyes zero-fee electronic fund transfers, payments to MSMEs" and "BSP speeds up refunds from failed InstaPay, PESONet transactions".
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Apr 2, 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.
The Bangko Sentral ng Pilipinas (BSP) is taking a stand against slow refunds and unfair fees for failed PESONet and InstaPay transactions.
Our coverage of BSP electronic fund transfers includes: "BSP eyes zero-fee electronic fund transfers, payments to MSMEs"; "BSP speeds up refunds from failed InstaPay, PESONet transactions"; "Court of Appeals stops refund order of NTC". Each article provides unique insights and information.