MANILA — LANDBANK has reduced its InstaPay transfer fee for person-to-person (P2P) transactions from ₱15 to ₱8, as part of efforts to make digital banking services more affordable and accessible to Filipinos.

The new rate took effect on May 21, 2026, and covers P2P fund transfers made through the LANDBANK Mobile Banking App and iAccess.

The state-run bank also announced that customers will be entitled to one free InstaPay transfer per day for transactions worth ₱1,000 and below.

The move is aimed at lowering the cost of everyday financial transactions while encouraging wider use of secure and cashless payment systems. It also supports government efforts to accelerate digitalization and promote financial inclusion.

Finance Secretary and LANDBANK Chair Frederick D. Go said reducing transaction costs is key to bringing more Filipinos into the formal financial system.

“Reducing digital transaction costs is a crucial step in bringing more Filipinos into the formal financial system. By making fund transfers more affordable, LANDBANK is helping empower individuals, families, and small businesses to participate more actively in the digital economy,” he said.

LANDBANK President and CEO Lynette V. Ortiz also emphasized the bank’s push for inclusive and cost-efficient digital services.

“LANDBANK remains committed to advancing financial inclusion by making digital banking more affordable and accessible. By lowering transaction fees, we are enabling more Filipinos to use secure and convenient digital channels for their everyday financial transactions,” she said.

The bank also said it is preparing to roll out zero LANDBANK fees for person-to-government (P2G) payments for select government transactions, allowing users to pay taxes, fees, and other public dues online at no cost.

LANDBANK said the initiative supports its broader goal of promoting a cash-lite economy through more accessible and efficient digital financial services.