#waived QR transaction fees

GCash is helping micro-merchants by waiving QRPH transaction fees and merchant discount rates (MDRs) for those who use the scan-to-pay service until the end of 2023. In addition, micro-merchants have access to an increased wallet limit of up to P500,000 per month and the 1.5% transaction fee waived up to P100,000 in gross sales. This is a significant move since e-wallets and other payment platforms charge fees as high as 2% for the use of their cashless transaction services such as QR-based and card payments. GCash has announced a temporary waiver of transaction fees for overseas Filipino workers (OFWs) in several Middle East countries. Since the waived transfer fee will only be applicable to the first three online fund transfers or transactions in a day made via the Landbank Mobile Banking App and iAccess, Landbank's online retail banking channel. “We are thrilled to announce that LandBank is waiving transaction fees for small-value online fund transfers to other banks," “This is our holiday gift to our valued customers, as we continue to promote safe and convenient digital transactions,” -- Lynette Ortiz, LandBank President and CEO   The Bangko Sentral ng Pilipinas (BSP) has said that it wants banks to remove fees incurred from small bank-to-bank transactions, as a means to encourage more users to transition to online payment methods and digital banking. Read more in our articles including "GCash waives QR transaction fees for micro-merchants" and "GCash waives transaction fees for OFWs in Middle East".