The Philippine Health Insurance Corporation (PhilHealth) has recently honored the Bank of the Philippine Islands (BPI) as a recipient of the esteemed title of “Best Collection Partner” during the just-concluded PhilHealth Stakeholders’ Awarding Ceremony.
This recognition underscores BPI’s significant contribution to nation-building and its commitment to assisting PhilHealth in delivering essential social health insurance services to the Filipino people.
Photo shows Joel De Vera (center), Head of Strategy, Products, and Support, and Jose Pueblo III, Product Manager for Government Payments (second from left), while accepting the award on behalf of BPI. They are joined by PhilHealth executives, including Eli Dino Santos, Chief Operating Officer; Emmanuel Ledesma, Jr., President and CEO; and Rey Balena, Vice President for Corporate Affairs.
An accredited collecting agent since 2008
Since 2008, BPI has served as an accredited collecting agent of PhilHealth, facilitating the collection of PhilHealth employee premiums from employer clients through its BizLink app.
IMAGE CREDIT: https://www2.bpi.com.ph/
BizLink, BPI’s online banking platform tailored for large corporations, processed over 150,000 PhilHealth transactions in 2023, showcasing the bank’s commitment to efficient financial management solutions.
Furthermore, BPI Capital, the bank’s investment banking arm, was similarly honored for its role as one of PhilHealth’s top investment house counterparties.
BPI Capital contributes to PhilHealth’s health insurance initiatives by providing specialized and comprehensive capital market solutions.
John-C Syquia, BPI’s Institutional Banking Head, expressed gratitude for the awards, emphasizing BPI’s belief in the power of partnerships and collaborative endeavours to drive positive societal change. “These accolades serve as a motivation for BPI to continue enhancing its operations, and aligning with its vision of fostering a better Philippines — one family and community at a time,” he said.
According to Syquia, studies have shown that integrated payment systems can help reduce operational costs, minimize the risks of pilferage, expand payment modes, and maximize fund flows. Company-branded in-app wallets and rewards systems also contribute to customer loyalty and stickiness.
“We have been giving many of our business clients a secure integrated payment system for their apps and websites to boost their branding and customer experience. This is in addition to BizLink, our online corporate platform, which provides companies with a one-stop shop for digital collections, account management, and disbursements,” he shared.
In addition to this recognition by PhilHealth, BPI was also acknowledged in 2023 as the “Market Leader,” and for providing the “Best Services for Cash Management” among all domestic banks, as per a survey conducted by Asiamoney.
BPI also received the “Best Collection Partner” award under the Universal Bank category in the Social Security System’s (SSS) Balikat ng Bayan Awards.