GrabPay cuts InstaPay fee to P10

Grab’s e-wallet service GrabPay has reduced its InstaPay transfer fee.

In an advisory through its application on Saturday, the ride-hailing, food delivery, and express grocery shopping app announced, “Today, we’ve lowered your InstaPay transfer fee from P15 to P10.”

Grab’s e-wallet GrabPay reduced InstaPay transfer fee to P10 from P15. pic.twitter.com/seTXjU9b8V

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BDO says InstaPay, PESONet transfers now free

Security Bank makes interbank transfers free

— Ted Cordero (@Ted_Cordero) July 11, 2026

GrabPay joins a long list of banks and e-wallets which reduced or waived transfer fees in relation to Bangko Sentral ng Pilipinas’ Circular No. 1238, which took effect last Saturday, July 4, 2028.

The circular is the implementation of Memorandum 2026-025 dated June 17, when the BSP Monetary Board lifted the moratorium on changes to InstaPay and PESONet transaction fees. —VAL, GMA News