CEBU CITY – Unlike other financial institutions, GCash, the largest e-wallet in the country, is not yet ready to waive off transfer fees. The company, however, has reduced its transfer fee from P15 to P10 and is exploring additional cuts. Michelle Fernandez, GCash Head of Corporate Sustainability...
Domestic banks and e-wallets should expand their product offerings and reduce their reliance on digital transaction fees as a key revenue source, according to a senior official of the Bangko Sentral ng Pilipinas (BSP). This comes on the heels of the BSP’s move to summon non-compliant financial...
There has been much joy and celebration as banks and e-wallets have started waiving transfer fees for InstaPay or PESONet transfers (online money transfers). If the transfer fee was not waived, then a number of free transfers or a lower transfer fee was announced. If, after your celebratory dance,...
Banks and e-wallets have been playing catch-up in announcing zero transfer fees, free transfers, or a lower transfer fee, and consumers are enjoying it. BPI made the announcement first , saying it will waive the InstaPay and PESONet fees on the BPI app, BPI Online, VYBE e-wallet, and BizKo starting...
Malacañang has expressed hope that more banks would follow the lead of the state-run Land Bank of the Philippines (LandBank) in reducing or eliminating digital fund transfer fees to ease the burden on ordinary Filipinos. In a press briefing on Monday, July 6, Presidential Communications Office...
Doctors and lawyers on Thursday, June 18, urged the Office of the Ombudsman (OMB) to review its resolution dismissing plunder, graft and administrative complaints lodged against Executive Secretary and former Department of Finance (DOF) Secretary Ralph Recto and then Philippine Health Insurance...
The Department of Foreign Affairs (DFA) on Monday, April 6, said it continues to closely monitor developments in the Middle East, with Philippine posts intensifying assistance to overseas Filipinos affected by ongoing regional tensions. In a statement, the DFA outlined a series of repatriation...
The 500 persons deprived of liberty (PDLs), who were transferred last Friday, March 27, from the New Bilibid Prison (NBP) in Muntinlupa City, arrived on Sunday morning, March 29, at the Iwahig Prison and Penal Farm (IPPF) in Puerto Princesa City, Palawan. Bureau of Corrections (BuCor) Director...
Five hundred persons deprived of liberty (PDLs) at the New Bilibid Prison (NBP) in Muntinlupa City were transferred last Friday, March 27, to the Iwahig Prison and Penal Farm (IPPF) in Palawan. Bureau of Corrections (BuCor) Director General Gregorio Pio P. Catapang Jr. said the continuing transfer...
Just days after a massive fire displaced hundreds of residents in Tondo, Manila, the Department of Social Welfare and Development (DSWD) has extended over P13.5 million in emergency cash assistance to help affected families recover and rebuild. A total of 900 families received P15,109 each through...
The Department of Social Welfare and Development (DSWD) on Thursday, July 31 warned the public about text messages that falsely claim emergency cash assistance is being provided to flood-affected residents in Metro Manila. The agency explained that the messages are part of a scam that deceives...
Roughly 6,000 to 7,000-megawatt (MW) capacity ramp up is expected in the next two years, yet grid development is still stuck in the slow lane and woefully unprepared to handle the influx. Now, the government wants to pass the burden to power producers, especially the renewable energy (RE)...
