The rate, among the lowest in the industry, was first introduced as a promotional offer to encourage customers to use digital channels.
“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,” said Maria Cristina “Ginbee” Go, BPI’s head of consumer banking.
“Making the P10 InstaPay fee permanent is part of our broader commitment to deliver convenient, secure, and cost-efficient digital services that empower Filipinos to manage their finances more effectively,” she added.
BPI’s decision helps customers save more, especially for frequent interbank transfers, and supports greater financial inclusion.
