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BSP to start charging PhilPaSSplus fees

Banks’ interbank high-value payment transactions via the central bank’s real time gross settlement (RTGS) system will be charged with the same pre-pandemic fees ranging from P5 to P400 beginning on Feb. 1. With the resumption of fees, financial consumers using electronic payment services such as I

BSP extends free PhilPaSS until Jan 2023

The Bangko Sentral ng Pilipinas (BSP) is extending for another month the waiver of fees on fund transfers for users of its Philippine Payment and Settlement System or PhilPaSSplus. This means the BSP will not charge PhilPaSSplus fees until end-January 2023 after the previous suspension expired on

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