Manila, July 9 -- Some Philippine banks will waive fees for PESONet and InstaPay transactions until the end of the third quarter while others will be until the end of the year, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said.
In a Viber message to journalists Thursday, Diokno said this move is part of the banking sector's responses "to the call for relief measures that will benefit the general public and at the same time deepen the use of digital payments during the Covid-19 period."
Banks that will waive the fees for both transactions until end-September are BDO Unibank Inc. (BDO), Metropolitan Bank & Trust Company (Metrobank), Bank of the Philippine Islands (BPI), Rizal Commercial Banking Corporation (RCBC), China Bankin...