Circular 1238 states that its pricing mechanism should "uphold fairness across end-user groups." This means electronic payment fees should stay lower than fees for manual or over-the-counter transactions. 1238 is a cost-based fair pricing guideline, not a zero-based mandate,” said Villanueva. Read more in our articles including "BSP clarifies bank transfers need not be free" and "Fair Use Policy: Globe vs. Smart compared ".
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Jul 30, 2026Circular 1238 states that its pricing mechanism should "uphold fairness across end-user groups." This means electronic payment fees should stay lower than fees for manual or over-the-counter transactions. 1238 is a cost-based fair pricing guideline, not a zero-based mandate,” said Villanueva.
Our coverage of cost-based fair pricing includes: "BSP clarifies bank transfers need not be free"; "Fair Use Policy: Globe vs. Smart compared "; "Apple Pay launches in the Philippines". Each article provides unique insights and information.