By Edielyn Mangol, Reporter In many rural barangays across the Philippines, traditional bank branches are still out of reach — both physically and in terms of relevance. But a quiet revolution is underway. Digital microbanks and e-wallet agents are emerging as critical players, stepping in to serve communities once thought unreachable. By embracing innovation and […]
By Edielyn Mangol, Reporter Digital payments have become the heartbeat of everyday transactions in the Philippines, changing how people send, receive, and manage their money. As cashless exchanges become the norm, choosing the right transfer method has never been more important — or more complex. Two major players now dominate the scene: PESONet and InstaPay. […]
The Bank of the Philippine Islands (BPI) has recently upgraded its mobile banking app by integrating new security features. In a press statement, a bank official said that the move aims to ensure the continued confidence of Filipinos in digital banking while further shielding BPI clients from cyber fraud and scams. IMAGE CREDIT: https://bpi.com/ “Cyberattacks […]
After a solid third quarter, the earnings of the Bank of the Philippine Islands (BPI) increased from P30.5 billion in the previous year to P38.6 billion (an increase of a little over 26%) from January to September this year. IMAGE CREDIT: www.bpi.com.ph BPI Chief Financial Officer Eric Luchangco said that the bank’s nine-month net income […]
In response to the Bangko Sentral ng Pilipinas (BSP)’s feedback, the Gokongwei-owned Robinsons Bank Corp. and the Ayala-led Bank of the Philippine Islands (BPI) have recently announced that they will soon be undertaking a fresh new strategy and will be making changes in the implementation of their articles of merger. According to a media advisory […]
Starting October 2, mobile e-wallet GCash will be charging a “convenience fee” for withdrawals done via Bank of the Philippine Islands (BPI) and UnionBank. In the meantime, cashing out using GCash will still be free of charge according to the app’s help center. There are approximately 77 million GCash users as of March 2023 (CREDIT: […]
The Bank of the Philippine Islands (BPI) informed the Philippine Stock Exchange (PSE) recently that the International Finance Corp. (IFC) is set to invest US$250 million in a green bond that the Ayala-led bank is issuing. In its report, the BPI noted that it sees the IFC subscription as the largest business that the private […]
Based on the latest update from the Cybercrime Investigation and Coordinating Center (CICC), more than 6,200 cybercrime cases have already hit several businesses in the country in the first half of this year alone. The report also states that in the last ten years, cybercrime incidents have continued to evolve, both in manner of commission and in the […]
For brief periods, the Bank of the Philippine Islands (BPI) would forgo transfer costs for modest InstaPay transactions conducted using its mobile application. Fees for a cartload of groceries worth up to P1,000 is already free if paid using BPI’s mobile app According to a news story posted on its website, no costs will be […]
Here’s good news for those who have grown accustomed to topping up their e-wallets using their BPI accounts. Just recently, the Bank of the Philippine Islands (BPI) announced that cash-in transactions using GCash will still remain free of charge. This is definitely a welcome development for Filipinos who have since started to adapt to digital […]
