BSP clears way for digital transaction fee hikes; Go wants charges lowered to P2-P5

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has lifted its moratorium on increases in fees for transactions made through InstaPay and PESONet, while ordering banks to adopt cost-based pricing for electronic fund transfers under a new framework aimed at making digital payments more affordable. In Memorandum No. M-2026-05, the central bank said the Monetary