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VCO shows potential vs. COVID-19

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Experiments have found that compounds from coconut oil and virgin coconut oil (VCO) decreased coronavirus count by 60 percent to 90 percent at low viral load, according to the Department of Science and Technology in  a report by GMA News. This ...

33 overseas Filipinos recover from virus

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The Department of Foreign Affairs (DFA) said 33 more Filipinos overseas recovered from coronavirus disease 2019 (Covid-19), raising the total to 7,234, according to a report by Philippine News Agency. It also logged 26 new infections in th...

Graft charges eyed against FDA for allegedly accepting ‘lobby’ grants

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Consumer groups said they plan to file graft charges before the Ombudsman against the officials of Food and Drugs Administration who confirmed in a public hearing that they received grants from foreign vested interest groups. Anton Israel, president...

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GCash to charge bank transfer fees

account_balanceMetro News account_circleSarah Lim chat_bubble_outline0 Comments

Mobile wallet provider GCash will start charging fees for bank transfers on its platform, it said based on notifications users received on the app, according to a report by GMA News.

"Starting Oct. 1, 2020, a fee will be charged per transaction," the notice said.

GCash allows users to send money to its partner banks and financial institutions.

Bankers Association of the Philippines head and president of BPI Cezar Consing earlier said many banks would resume charging for online transactions using InstaPay, among others by October.

InstaPay lets banking clients transfer up to P50,000 per transaction, which is credited instantly to the recipient’s account in any local bank.

The Bangko Sentral ng Pilipinas earlier urged banks to waive online transaction fees to encourage Filipinos to use online banking during the COVID-19 pandemic.

Several banks would waive fees for InstaPay and PesoNet until the end of the year, the BSP said in an update in August.


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