Central bank mulls over pricing for digital transactions

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The story "Central bank mulls over pricing for digital transactions" was covered 17 hours ago by Business Mirror, a news publisher based in Philippines.

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Central bank mulls over pricing for digital transactions - Business Mirror

Quick Summary:

ELECTRONIC fund transfers may soon be free or cheaper for personal and small business payment transactions as the central bank expects so under a pricing mechanism it is mulling over.

The BSP is awaiting comments from BSFIs until May 26 to submit their feedback on the draft circular.

No approval is required for those lowering the fees unless it would reduce the benefits or features of the product or service.