Last year, the Bangko Sentral ng Pilipinas (BSP) pushed to remove incurred fees from small bank-to-bank transactions. Now, in a new draft circular, the BSP is seeking feedback from stakeholders on a plan to make person-to-person electronic fund transfers and micro-merchant payments entirely free of charge. If approved, the new rules would take effect on April 1, 2025. Financial institutions… Read more in our articles including "BSP eyes zero-fee electronic fund transfers, payments to MSMEs" and "GCash Scan-to-Pay now available at OPPO stores".
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Mar 25, 2026Last year, the Bangko Sentral ng Pilipinas (BSP) pushed to remove incurred fees from small bank-to-bank transactions. Now, in a new draft circular, the BSP is seeking feedback from stakeholders on a plan to make person-to-person electronic fund transfers and micro-merchant payments entirely free of charge. If approved, the new rules would take effect on April 1, 2025. Financial institutions…
Our coverage of MSME payment solutions includes: "BSP eyes zero-fee electronic fund transfers, payments to MSMEs"; "GCash Scan-to-Pay now available at OPPO stores"; "BPI partners with Robinsons Retail for barcode cash deposits in stores". Each article provides unique insights and information.
Our article "BSP eyes zero-fee electronic fund transfers, payments to MSMEs" published on October 2, 2024 covers the latest information about MSME payment solutions. Check it out for the most current details.