The Bank of the Philippine Islands (BPI) continues to create innovative digital banking solutions to make everyday banking transactions more convenient for its retail clients.
Payment to different government agencies has been made easier through BPI eGov, the bank’s bills payment platform for the fulfillment of payments to government billers. All individual savings or checking account holders enrolled in BPI Online can use BPI eGov to pay fees to commonly accessed agencies such as the Bureau of Internal Revenue (BIR), the Social Security System (SSS), the Department of Foreign Affairs (DFA), PAGIBIG Fund, and the Philippine Statistics Authority (PSA), and more.
Clients can access the BPI eGov website 24/7 through the BPI Mobile app. They just have to swipe up the login screen and select “Pay eGov.” Complete payment is done in real-time. For security purposes, a One-Time PIN (OTP) is required to complete enrollment in BPI eGov. The OTP will be sent to the sender’s registered mobile number.
“BPI is amplifying our digital banking features to address our clients’ everyday banking needs. With rising Covid-19 cases, it is important for the Bank to continuously offer services that prioritize the safety and convenience of our fellow Filipinos during these challenging times,” said BPI Chief Digital Officer Noel Santiago.
Furthermore, sending and receiving money digitally have become crucial in the retail industry during the height of the pandemic, as face-to-face banking transactions were reduced due to health and safety protocols.
To ease the challenges in making immediate and secure funds transfers, BPI is one of the first banks in the country to enable transfers via QR code, mobile number, and email address. Through InstaPay QR PH, BPI clients can now send and receive funds to and from other banks via QR code. BPI has also introduced the use of multi-proxy platforms to allow clients to transfer money to and from other local banks through the recipient’s bank-registered mobile number or e-mail address.
InstaPay is an interbank fund transfer service under the National Retail Payment System of Bangko Sentral ng Pilipinas (BSP), which lets clients electronically transfer funds between their BPI or BPI Family Savings Bank account and accounts from other participating banks and financial institutions in the country.
“BPI is at the forefront of digital innovation and security, enabling convenience for our clients. We want to empower our clients to do their financial transactions while collaborating with other banks. We believe that these new features will make it easier for our clients shift their way of doing banking,” Mr. Santiago said.
Remittance and online payments
BPI has also partnered with MLhuillier and Bayad for the Bank’s Remit-to-Account facility. Clients can now receive cash deposits to their BPI accounts from any of MLhuillier’s over 2,500 branches nationwide, and select Bayad centers across the country. This service will soon expand to other remittance tie-up partners such as Palawan Express.
Finally, as online payment has become a viable payment option for many Filipinos these days, BPI has partnered with AC Entrego to offer Transakto, a facility that provides a new online payment experience by allowing BPI clients to pay for goods cashless upon delivery using the BPI Mobile app.
Transakto can be accessed via “Pay on Delivery” on the BPI Mobile app. It offers convenient one-click payments, and only requires an easy one-time registration by linking your BPI account. No convenience fee will be charged to the client, and the facility is available 24/7 on the BPI Mobile app.
Amidst these new features for online and mobile banking, BPI reiterates its call for clients to be vigilant against emerging cybersecurity scams.
“Cybersecurity is a shared responsibility. While we protect and continuously strengthen our security measures, we also encourage our clients to be careful with phishing, vishing, and other forms of social engineering attacks,” Santiago emphasized.