BSP, IPA, and RCBC discuss impact of lower transaction fees on digital payments

Date Published: 18 September 2026

Published by: Bangko Sentral ng Pilipinas

Original link: https://www.bsp.gov.ph/SitePages/MediaAndResearch/MediaDisp.aspx?ItemId=8081&MType=MediaReleases

Bangko Sentral ng Pilipinas (BSP) Assistant Governor Redentor Bancod (center) led the discussion on how lower transaction fees can encourage greater use of digital payments, sustain account engagement among users, and support broader financial inclusion during the Pricing of Retail Off-Net Payments: Evidence and Insights Forum held at the BSP Head Office in Manila on 19 August 2026. With Assistant Governor Bancod are (from left) University of Sydney Associate Professor Russell Toth, RCBC Executive Vice President and Chief Innovation and Inclusion Officer Lito Villanueva, and Better than Cash Alliance Asia-Pacific Lead Isvary Sivalingam. The panel discussion was moderated by Innovations for Poverty Action[1] (IPA) Financial Inclusion Program Director Paul Adams (rightmost). ###

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[1] Innovations for Poverty Action is a global research and policy organization that works with governments, regulators, and private sector partners to generate evidence that informs policy and practice. Through its Financial Inclusion Program, IPA conducts research to strengthen financial inclusion and improve the functioning of digital financial ecosystems. IPA has a partnership with BSP on developing data-driven tools that strengthen the implementation of consumer protection standards.