RCBC Offers Conditional Free InstaPay Transfers, Draws BSP Scrutiny

RCBC has introduced free InstaPay transfers, but with a 30-transfer cap that has drawn the attention of the Bangko Sentral ng Pilipinas, which believes the setup does not comply with new rules.

4 Jul, 01:15 — 4 Jul, 01:15

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RapplerMostly Factual6d ago

RCBC made InstaPay transfers free, with conditions. BSP isn’t impressed.

RCBC joined the zero-fee wave, but its 30-transfer cap has caught the BSP's attention, with a top official saying the setup doesn't comply with the new rules

By Lance Spencer Yu

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RCBC Offers Conditional Free InstaPay Transfers, Draws BSP Scrutiny

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RCBC made InstaPay transfers free, with conditions. BSP isn’t impressed.

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