BPI

BPI Direct BanKo, the microfinance arm of the Bank of the Philippine Islands (BPI), has announced it is offering its mobile banking app for its microfinance clients.

Founded in 1851 as El Banco Español Filipino de Isabel II, BPI ushered in the start of the Philippine banking and finance industry.

“Today is a very different reality from the yesterday we once lived, and tomorrow is filled with challenges and uncertainties. There is very little we can take control of at this point, but we can control how we react to the situation.”

The Ayala-owned bank said it has partnered with Beep to allow BPI Mobile app users to purchase Beep QR tickets for rides aboard the BGC Bus service and Topline Marina in Cebu.

A “hyperlocal” market refers to residents buying and selling products among and within their immediate communities.

BPI said online payments have become a more prominent part of business operations as it allows businesses to recover sales lost from physical stores by putting more focus on online sales channels.

About 21% of BPI’s clients still keep passbook accounts

The Bank of the Philippine Islands (BPI) provides more self-service options and tools to its customers.

Clients share their experiences and insights on social media.

In a span of 10 days — from March 17 to 26 — BPI already detected 24 Covid-themed phishing emails.