Are GCash's P10 Transfer Fees Here to Stay?
With GCash's P10 transfer fee under scrutiny, company executives remain non-committal about future changes. The financial implications could be significant for users and competitors alike.
BSP Mandates National ID Integration for VASPs, E-Wallets, and Banks in 90 Days
The Bangko Sentral ng Pilipinas has set a 90-day deadline for financial institutions to integrate the National ID system. This move aims to simplify customer identification and reduce fraud in the growing digital finance sector.
BSP Reviews Banks Not Complying with Transfer Fee Reductions
As the Bangko Sentral ng Pilipinas (BSP) examines compliance reports, banks face scrutiny over their transfer fees. Major players have waived charges, but some remain resistant.
BSP Challenges GCash and Maya on P10 Transfer Fees
The Bangko Sentral ng Pilipinas is questioning GCash and Maya over their P10 transfer fees. This comes as banks have begun to eliminate transfer charges, raising expectations for the e-wallets to follow suit.