Felipe M. Medalla Profile picture
Official Twitter Account of the @BangkoSentral Governor and Chairman of the Monetary Board
Feb 25, 2023 4 tweets 1 min read
The @BangkoSentral is ready to work with the industry to find ways to eliminate fees on small-value fund transfers and incentivize more Filipinos to use #digitalpayments. If the fee is P15 for a P200 transaction, then the fee is quite large relative to the amount being sent. We are ready to collaborate with banks and payment system operators to explore a cost-sharing system that excludes small transactions from these types of fees.