MANILA — Waived interbank fees for online fund transfers of retail clients via InstaPay and PesoNet were extended until 30 June 2021, the Land Bank of the Philippines announced in an advisory.
“LandBank remains committed in balancing service delivery and safety, by providing secure and convenient digital banking solutions while promoting health protection,” says LandBank President and Chief Executive Officer Cecilia Borromeo in the advisory.
“We continue to urge our clients to utilize our online banking platforms and make cashless transactions, especially at this time when COVID-19 cases are rising,” she says.
The Bangko Sentral ng Pilipinas (BSP) launched InstaPay in April 2018, an electronic fund transfer (EFT) payment system that enables individuals to wire funds across banks in real-time. (JSM/JuanManila)