BPI's P10 reduced InstaPay fee now permanent

Category : Business | Sub Category : Economics Posted on 2025-06-02 07:48:32

PNA

MANILA – Bank of the Philippines (BPI) said the PHP10 reduced InstaPay transfer fee will become a permanent feature for inter-bank fund transfers made through the BPI app and BPI online.

This is part of the bank's move to make digital financial services more affordable for its customers.

The bank earlier slashed the InstaPay transfer fee from the original PHP25 as a promotional rate to encourage customers to use digital platforms to manage their money.

"We are committed to making banking more affordable to more Filipinos. The response to our promotion reducing Instapay fee to P10 last March was very positive, as we experienced increased transactions through our online and mobile banking channels," BPI head of consumer banking Maria Cristina Go said in a statement Monday.

The bank said the lower InstaPay fees will promote greater financial inclusion and help customers keep more of their money, especially when making frequent interbank fund transfers.