Web3
Most Banks Dropped Transfer Fees. BSP Is Now Reviewing Those That Didn’t
BitPinas·July 21, 2026·1 min read
The BSP is reviewing financial institutions and e-wallet operators for compliance with Circular No. 1238 after providers like GCash and Maya reduced but did not eliminate InstaPay transfer fees. The review targets those that dropped fees partially rather than fully, as most banks have already eliminated transfer charges.
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