The project is called the Philippine Automated Fare Collection System (PAFCS) and is expected to be bid out by the Department of Transportation (DOTr) before the end of the year. The rollout is part of ongoing efforts to modernize public transportation and encourage the use of digital payments in the Philippines. With this change, UnionBank joins other commercial banks in the Philippines that have also removed fees for real-time digital fund transfers. More banks in the Philippines have been removing InstaPay transfer fees as digital banking services continue to become more competitive. The Land Bank of the Philippines (LandBank) will stop charging fees for InstaPay and PESONet transfers starting July 7, 2026. Read more in our articles including "GCash, Visa, Mastercard eye PH Fare System Project" and "RCBC, Visa launch tap-to-pay at LRT-2 stations".
Several companies, including GCash, Visa, and Mastercard, have shown interest in the Philippine government’s plan…
Apr 13, 2026
Commuters on the LRT-2 can now pay their fares using contactless payment methods after RCBC,…
Jul 14, 2026
UnionBank has removed transaction fees for person-to-person fund transfers made through InstaPay, with the new…
Jul 7, 2026
The Land Bank of the Philippines (LandBank) will stop charging fees for InstaPay and PESONet…
Jul 6, 2026
GCash has reduced its InstaPay bank transfer fee from PHP 15 to PHP 10, effective…
Jul 5, 2026
Maya has announced that it is lowering its InstaPay transfer fee to other banks from…
Jul 4, 2026The project is called the Philippine Automated Fare Collection System (PAFCS) and is expected to be bid out by the Department of Transportation (DOTr) before the end of the year. The rollout is part of ongoing efforts to modernize public transportation and encourage the use of digital payments in the Philippines.
With this change, UnionBank joins other commercial banks in the Philippines that have also removed fees for real-time digital fund transfers. More banks in the Philippines have been removing InstaPay transfer fees as digital banking services continue to become more competitive. The Land Bank of the Philippines (LandBank) will stop charging fees for InstaPay and PESONet transfers starting July 7, 2026.
Our coverage of PAFCS Philippines includes: "GCash, Visa, Mastercard eye PH Fare System Project"; "RCBC, Visa launch tap-to-pay at LRT-2 stations"; "UnionBank removes InstaPay transfer fees". Each article provides unique insights and information.