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The rollout is part of the Paleng-QR Ph Plus program, a joint effort of BSP and DICT to promote the use of QR Ph, the country’s standard system for cashless payments. During the launch event, BSP Deputy Governor Bernadette Romulo-Puyat and DICT Undersecretary Sarah Maria Q. The Bangko Sentral ng Pilipinas (BSP) has introduced new rules aimed at making electronic payment fees fairer and more transparent, while also lifting the moratorium on increases in InstaPay and PESONet transaction charges. M-2026-025 issued on June 17, the BSP announced that the Monetary Board approved the lifting of the fee increase moratorium for InstaPay and PESONet transactions. The move will take effect alongside BSP Circular No. According to the BSP, the decision follows the implementation of zero fees for small merchant payments and the establishment of a pricing framework for person-to-person electronic fund transfers. Under the new rules, BSP-supervised financial institutions (BSFIs) must adopt pricing mechanisms that are reasonable, fair, and based on market conditions. The BSP said fees should reflect the actual cost of providing electronic payment services and should remain fair across different groups of users. Read more in our articles including "Pasig Mega Market gets Starlink internet for cashless payments" and "Banks, e-wallets face new BSP rules on digital payment fees".