BSP directs GCash, Maya to justify or reduce P10 transfer fees

GCash issued regulatory directive affecting Bangko Sentral ng Pilipinas on July 20, 2026.

Primary

GCash

Counterparty

Bangko Sentral ng Pilipinas

Structure

regulatory directive

Date

July 20, 2026

Sub-sector

Payments

Central bank pressure on dominant e-wallets to align transfer fees with banking sector competition or justify costs, forcing restructuring of payment revenue models.

Primary company

GCash

Counterparty

Bangko Sentral ng Pilipinas

Amount

Not disclosed

Event date

July 20, 2026

Sub-sector

Payments

HQ

Not disclosed

Structure

regulatory directive

Source published

July 21, 2026

Publisher

Rappler

Source: rappler.com