Waiver of fees for PESONet and InstaPay - Android

Bangko Sentral ng Pilipinas (BSP) has listed the banks with an extended waiver of fees for PESONet and InstaPay. The initiative is due to...

The post Waiver of fees for PESONet and InstaPay appeared first on YugaTech | Philippines Tech News & Reviews.

Bangko Sentral ng Pilipinas (BSP) has listed the banks with an extended waiver of fees for PESONet and InstaPay. The initiative is due to the government agency’s push for digital payments as the country continues its fight against COVID-19.

Check out the full list of participating banks below.

Banks to waive fees for PESONet and InstaPay until December 31, 2020:
• UnionBank
• Asia United Bank
• Land Bank of the Philippines
• Development Bank of the Philippines
• Security Bank
• Sterling Bank
• Standard Chartered Bank
• HSBC (waived for retail, corporate accounts reduced from PHP 150 to PHP 50)

Banks to waive fees for PESONet and InstaPay until September 30, 2020:
• BDO
• Metrobank
• Bank of the Philippine Islands
• RCBC
• China Bank
• PNB (until further notice)
• Bank of Commerce
• Robinsons Bank
• PS Bank
• Paymaya
• GXI
• China Bank Savings

Source: BSP Facebook Page

The post Waiver of fees for PESONet and InstaPay appeared first on YugaTech | Philippines Tech News & Reviews.