The thrift banking sector is seeing no material impact on its revenues from the ongoing reduction in digital transfer fees.
MANILA, Philippines — More banks are removing fees on digital fund transfers, as lenders move to make mobile banking more affordable amid the growing shift to electronic payments. Metropolitan Bank & ...
The term remittance refers to the payment of money to another party, typically in another country, but the term is most frequently used in the context of migrants working abroad sending money back ...
Maya lowered its InstaPay transfer fee to other banks to P10 from P15 beginning July 6, as the digital bank seeks to make digital money transfers more ...
Filipinos can expect lower digital fund transfer fees soon as the Bangko Sentral ng Pilipinas (BSP) rolled out new regulations that limit such fees and require free processing for small merchant ...
Through BSP Circular No. 1238, the central bank is ordering banks and e-wallets that their fees must be fair and strictly match the actual, low cost of running a digital service. The BSP points out ...