As excitement builds over GCash’s planned initial public offering (IPO), another development in the digital payments space is quietly fueling debate among market watchers: BPI’s decision to scrap InstaPay and PESONet transfer fees for transactions made through its digital channels.
The timing is hard to ignore.
For years, fintech players built much of their appeal around offering cheaper and more convenient alternatives to traditional banking services. By removing transfer charges, banks are beginning to erase one of those early advantages.
Article continues after this advertisement
This has led some investors to wonder whether GCash’s growth story could face fresh questions just as parent firm Mynt prepares for what could become the country’s biggest initial public offering.FEATURED STORIES
