State-run Land Bank of the Philippines (LANDBANK) has eliminated transaction fees for retail online fund transfers via InstaPay and PESONet effective July 7. The state-owned lender announced that the zero-fee policy applies to transactions executed through its online retail channels, including the LANDBANK Mobile Banking App and iAccess. According to a company statement, the waiver is also extended to Overseas Filipino Bank (OFBank) accounts globally. The digital policy update builds on a prior initiative implemented on June 1, which waived fees for eligible person-to-government transactions utilizing QRPh. Banking Sector Response to Central Bank Circular LANDBANK’s policy adjustments conform to Bangko …


