BSP Reminds Banks, E-wallets of Equal Treatment on Fees

Gambling addiction concept with hand chained to a betting app.

The Bangko Sentral ng Pilipinas (BSP) has reaffirmed its stance on lowering digital transfer fees under Circular No. 1238, s. 2026, rejecting concessions for banks and e‑wallets that rely heavily on these charges.  The central bank insists that uniform rules are necessary to prevent inefficiencies and ensure fair treatment of consumers.  Echoes of BSP Circular 1238  According […]