Philippines Lifts Moratorium on Digital Payment Fee Hikes, Introduces New Pricing Framework
The Bangko Sentral ng Pilipinas (BSP) has lifted its moratorium on fee increases for InstaPay and PESONet, introducing a new pricing framework that includes zero fees for small merchant payments and clearer rules for peer-to-peer (P2P) transfers. This move aims to boost digital payment adoption, though its impact on banks and payment providers is a key consideration.
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