#InstaPay Philippines

Metrobank has announced a significant reduction in its InstaPay transfer fees, introducing a new flat rate of ₱8 per transaction beginning February 1, 2026. Previously, Metrobank charged ₱25 per InstaPay transfer, although the bank had waived fees for transactions worth ₱1,000 and below over the past year. With the new pricing structure, all InstaPay transfers—regardless of amount—will now carry the ₱8 service fee, simplifying costs for users. Bank of the Philippine Islands (BPI) has decreased its InstaPay interbank transfer fee to Php10, but for a limited time only. "Over the past decade, Mynt has evolved from an e-wallet operator into the Philippines' number one finance superapp and largest cashless ecosystem," said Mynt President and CEO Martha Sazon. Mynt said a public listing could also help highlight the growth of the local technology and fintech sector, while promoting the Philippines as a hub for innovation in Southeast Asia. Read more in our articles including "Metrobank cuts InstaPay transfer fee to ₱8 flat starting February 1" and "BPI InstaPay transfer fee down to ₱10".