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‘Pepito' to bring rains Tuesday 

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Many parts of the country will experience rain because of tropical depression Pepito, the weather bureau said in a report by Philippine News Agency. In its 8 a.m. bulletin, the Philippine Atmospheric, Geophysical and Astronomical Services Administra...

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Facebook launches machine learning translator 

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Facebook has unveiled software based on machine learning, which the company said, was the first to be able to translate from any of 100 languages without relying on English, according toa  report by GMA News. The open-source artificial intellig...

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Pasig City has temporarily closed its community kitchen after one of its workers tested positive for the coronavirus disease 2019 (Covid-19), according to a report by Philippine News Agency. Mayor Vico Sotto on Monday said the community kitchen, whi...

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BDO waives InstaPay fees on off-peak hours 

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BDO Unibank Inc. is waiving service fees for InstaPay transactions during off-peak hours until the end of October, according to a report by GMA News.

In an advisory, the Sy-led lender said sending money via InstaPay to other local banks and wallets is free from 8:00 p.m. to 6:00 a.m, while transactions made from 6:01 a.m. to 7:59 p.m. will be charged P25.00.

The charges are valid from October 12 to October 31, 2020.

Meanwhile, BDO said transfers to other BDO accounts will be kept free moving forward.

According to the central bank, several banks have already said they will waive PESONet and InstaPay fees until the end of the year: Asia United Bank, the Development Bank of the Philippines, Land Bank of the Philippines, Security Bank, Sterling Bank, and Union Bank.

In July, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said he wants at least half of all Philippine transactions done digitally by the end of his term in 2023.

To recall, the BSP launched InstaPay in April 2018. It is an electronic fund transfer (EFT) payment system that enables individuals to wire funds across banks in real-time.


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