BankCom joins zero-fee fund transfer race

BankCom joins zero-fee fund transfer race

MANILA, Philippines – Bank of Commerce (BankCom), the banking arm of San Miguel Corp., will waive transfer fees for InstaPay and PESONet transactions starting July 17. BankCom became the latest bank to scrap interbank transfer charges as banks align with the Bangko Sentral ng Pilipinas’ (BSP) push for more affordable digital payments.   READ: BSP clears way for digital transaction fee hikes; Go wants charges lowered to P2-P5 In a social media ad…

Philippines BSP warns banks: Cut transfer fees now

The Philippines’ central bank and Malacañang are pushing to reduce digital fund transfer fees, aiming to improve financial access and inclusivity for Filipinos. The post Philippines BSP warns banks: Cut transfer fees now appeared first on CoinGeek.