Wire · regulatory
BSP: 2028 digital payment goal achievable following zero transfer fees
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Fusion42 · 15 July 2026 · Fusion42 review
The Philippine central bank (BSP) has mandated zero or near-zero transfer fees for interbank digital payments, effective July 2026, to accelerate adoption towards its 60–70% digital payment volume target by 2028. Banks and e-wallet providers have begun waiving fees; digital transaction volume has risen 50% among existing users, and the BSP reports digital payments already account for 57.4% of retail transaction volume.
This Wire brief sits within Fusion42's coverage of Fintech and Payments.
◆ ◆ The Wire takeaway
If you build payment software or remittance services in the Philippines, the fee-based revenue model just ended—but 8 million unbanked people now have no price reason to avoid your product. You have 18 months to own this migration before the market locks.
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1 source · 15 Jul 2026
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