#transfer money

Facebook today announces its new feature in Messenger that allows people to send and receive money in a secured process. 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. Transfers to countries such as the United States, Canada, and Australia are expected to be completed within the same day or the next business day. BPI said transaction fees could be as low as USD 5, offering a lower-cost alternative for customers who need to send money abroad for work, education, travel, business, or family support. GCash has introduced 'Send Money Protect' (SMP) on its in-app feature, GInsure. This provides users with enhanced protection and peace of mind while sending money digitally. Read more in our articles including "Facebook Messenger's new feature allows sending money to friends" and "BPI to add international money transfers to mobile app by 2027".