E-wallet GCash and digital bank Maya have lowered their fees on InstaPay transfers—the latest adjustments among financial institutions reducing transaction costs, in line with a Bangko Sentral ng Pilipinas (BSP) directive, which took effect Saturday.
Maya, operated by PLDT’s digital arm Voyager Innovations, will charge only P10 per InstaPay transfer to other banks beginning on Monday, down from P15, while transactions between Maya accounts and fund transfer service PESONet will remain free, the company said over the weekend.
Maya said the move aligns with its “continuing effort to make digital money movement simple, accessible and affordable for more Filipinos, with free and lower-cost transfer options for everyday use.”
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Ayala affiliate GCash on July 4 reduced fees for InstaPay transfers to P10 from the previous P15.FEATURED STORIES
