[Finterest] Bangko Sentral lifts freeze on digital transfer fee hikes. Will prices rise? (opens original article in a new tab)

The Bangko Sentral has lifted the freeze on digital transfer fees, allowing payment providers to adjust charges under a new framework aimed at reducing costs for small transactions. Regulators emphasize fair pricing, while banks highlight ongoing cost challenges. Finance Secretary promotes competition to lower fees, with Landbank setting a benchmark.

• Bangko Sentral lifts freeze on digital transfer fees, allowing payment providers to adjust charges under new pricing framework.
• Regulators aim to reduce fees for small transactions and ensure fair pricing mechanisms, but costs remain a challenge for banks.
• Finance Secretary pushes for competitive pricing, with Landbank reducing fees as a benchmark.