#instapay

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. Several banks and e-wallet providers in the Philippines currently offer free InstaPay and PESONet transfers either unli­mited or within set quotas, making digital payments and fund transfers more affordable across different user segments. Starting October 1, 2025, direct cash-in transactions to GCash will be routed to InstaPay. This follows the Bangko Sentral ng Pilipinas (BSP) directive for online banks and e-wallets in the country to adopt InstaPay. Given the news, BPI will begin charging a PHP 15 fee for cash-in transactions made via InstaPay. This fee covers clearing costs from BancNet, the designated switch operator for InstaPay. To start, transfers to GCash via InstaPay will cost PHP 10. Read more in our articles including "Banks, e-wallets face new BSP rules on digital payment fees" and "Here’s where you can get free InstaPay and PESONet transfers in the Philippines 2025".