#money transfer PH

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. The move positions Metrobank among local banks offering more affordable digital transfer options, as competition continues to intensify in the Philippine digital banking space. While the fee waiver for small transfers is ending, the lower flat rate may benefit users who frequently move larger amounts. Bank of the Philippine Islands (BPI) is set to introduce international money transfers through its mobile banking app, following a partnership with Visa aimed at making cross-border transactions faster and more affordable for Filipinos. The new service, expected to launch by the first quarter of 2027, will use Visa Direct, Visa's real-time payments platform, allowing BPI customers to send money overseas directly from the BPI app. According to the bank, the feature will initially support transfers to destinations including Singapore and the United Kingdom, where funds may arrive within seconds. Read more in our articles including "Metrobank cuts InstaPay transfer fee to ₱8 flat starting February 1" and "BPI to add international money transfers to mobile app by 2027".