The Bank of the Philippine Islands (BPI), a leading financial institution under the Ayala Corporation, is setting a new standard for corporate payroll management with the launch of its innovative digital solution, BPI ePayroll.
The BPI ePayroll is designed to simplify and accelerate payroll processing for companies — no need for employers and employees to step foot in a branch.
This cutting-edge platform is designed to simplify and accelerate payroll processing for companies of all sizes, making it easier than ever for employers and employees to manage salary disbursements and account registrations — without ever needing to step foot in a branch.
In a move aimed at modernizing and digitizing payroll systems, BPI ePayroll offers a fully online platform where companies can process employee onboarding and manage payroll accounts seamlessly. Employers can now upload employee data in a single file, eliminating the traditional time-consuming paperwork and branch visits.
This level of automation brings greater efficiency, enabling businesses to manage their payroll operations with ease and precision.
A seamless payroll experience for employers and employees
According to Juan Carlos Syquia, Head of Institutional Banking at BPI, the launch of ePayroll is a significant milestone in the bank’s commitment to offering enhanced banking solutions for businesses. “Our corporate clients can now handle the entire payroll account setup and employee onboarding digitally, offering ease and accessibility,” Syquia said.
The digital solution is designed to minimize the complexities of payroll management, allowing businesses to focus more on their growth and less on administrative tasks.
Beginning in February 2025, BPI ePayroll is accessible through the bank’s corporate banking portal, BPI BizLink, a platform that also offers services for liquidity management, collections, and disbursements. This system streamlines not only payroll but a variety of key financial functions, enabling businesses to take full control of their finances with just a few clicks.
For employees, the benefits of the new system are equally impressive. Once payroll data is uploaded by employers, employees will receive a unique reference code via text message and email. This code allows them to set up their payroll accounts remotely — no need to visit a BPI branch. Within seven days, employees can complete the process and activate their accounts using a PC, tablet, or smartphone, ensuring a hassle-free and convenient experience for all.
Comprehensive reporting and real-time updates
BPI’s ePayroll solution also offers employers the ability to generate daily reports, further simplifying the payroll management process.
These comprehensive reports allow businesses to track newly created payroll accounts, ensuring that all records are accurate and up-to-date. This added transparency and ease of use provide companies with the ability to monitor and manage their payroll systems efficiently, saving valuable time and resources.
With this new system, BPI is not only streamlining payroll operations but also enhancing the overall experience for both employers and employees.
Syquia emphasized the importance of these improvements: “With BPI ePayroll, we’re not just providing automation — we’re simplifying payroll administration for both employers and workers. We enable businesses to concentrate on expansion while providing employees with convenient access to their earnings.”
In October last year, the banking giant received BSP’s approval to sell off 15% of its ownership stake at GoTyme Bank Corp., thus paving the way for BPI to exit its investment in the digital banking venture entirely.
A stronger business focus with BPI’s support
By offering a digital payroll solution, BPI is helping businesses eliminate tedious manual processes and reduce the time spent on payroll management. This shift will allow companies to dedicate more resources to expanding their operations, while ensuring that employees have quick and easy access to their earnings.
As a result, the system not only saves businesses valuable time but also promotes greater financial well-being for employees.
BPI’s push to enhance digital banking services comes at a time when the bank is experiencing strong financial performance. For 2024, BPI reported a remarkable 20% growth in net income, reaching a record high of P62 billion, compared to P51.7 billion the previous year.
This growth was driven by increased revenue from digital banking solutions, including the introduction of ePayroll, which continues to attract business clients looking for efficient, cost-effective payroll solutions.
In addition, BPI saw an 8% increase in net income during the fourth quarter alone, from P13.1 billion to P14.1 billion, reflecting the growing demand for their digital services and their expanding role in helping businesses optimize their financial operations.
A vision for the future
The launch of BPI ePayroll is just the beginning of a broader digital transformation at the bank, as it continues to innovate and introduce new solutions aimed at simplifying business operations and improving customer experiences.
By offering state-of-the-art financial tools, BPI is positioning itself as a key partner for businesses, helping them streamline processes, boost efficiency, and ultimately thrive in a digital-first economy.
As more companies adopt BPI’s ePayroll system, the bank’s role in empowering businesses to grow and employees to access their wages with ease will only continue to strengthen, reaffirming BPI’s commitment to delivering future-ready solutions that meet the ever-evolving needs of today’s workforce.