The Bank of the Philippine Islands (BPI) has announced that its reduced ₱10 InstaPay fee for interbank fund transfers, originally introduced as a promotional offer, will become a permanent feature starting the first day of June this year. The move reinforces the bank’s focus on digital innovation and financial accessibility.
In a statement, BPI said the decision was driven by strong customer uptake and positive feedback following the introduction of the lower fee in March. The reduced charge, applicable to transactions made via the BPI app and BPI Online, is among the most competitive in the domestic banking sector.
“We are committed to making banking more affordable to more Filipinos,” said Maria Cristina “Ginbee” Go, BPI’s head of consumer banking. “The response to our promotion of reducing InstaPay fees to ₱10 was very positive, as we experienced increased transactions through our online and mobile channels.”
Go added that making the lower fee permanent is part of BPI’s broader push to deliver convenient, secure, and cost-efficient digital services, aimed at enhancing financial inclusion and empowering customers in managing their money.
The initiative highlights BPI’s ongoing leadership in digital banking, positioning it competitively in a market increasingly shaped by user-friendly, tech-enabled financial solutions. The bank’s move also supports Bangko Sentral ng Pilipinas’ (BSP) broader goals of accelerating digital payment adoption across the country.
