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Remittances seen to support recovery - BusinessWorld Online

Remittances seen to support recovery - BusinessWorld Online
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More banks waive fund transfer fees into 2021

More banks waive fund transfer fees into 2021
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Central bank waives transaction fees under PhilPaSS until 2021

Central bank waives transaction fees under PhilPaSS until 2021
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BSP waiving PhilPaSS fees until end-2021

Published December 21, 2020, 5:40 PM
The central bank said there will be no fees for users of its Philippine Payment and Settlement System (PhilPaSS) until end 2021 as part of temporary relief measures to banks during the pandemic.
This is the fourth time that the Bangko Sentral ng Pilipinas (BSP) has extended its PhilPaSS fee suspension since April when major areas in the Philippines were under lockdown. Fund transfer transactions are made through the PhilPaSS, a real time gross settlement system owned by the BSP for the processing and settlement of interbank high value payment transactions through the demand deposit accounts maintained with the BSP. ....

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