LIST: Banks, e-wallets that made transfers free or cheaper
Philippine banks and e-wallets are lowering or eliminating digital transfer fees following a directive from the Bangko Sentral ng Pilipinas (BSP). The regulator is pushing for cost-based pricing to encourage digital financial adoption across the country.
Why it matters
This shift reduces the financial burden on consumers for digital transactions and reflects a broader trend of central banks regulating fintech pricing to promote financial inclusion.
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The report provides a factual summary of regulatory changes and industry responses without taking a partisan stance.
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