#BPI

Bank of the Philippine Islands (BPI) is set to introduce international money transfers through its mobile banking app, following a partnership with Visa aimed at making cross-border transactions faster and more affordable for Filipinos. The new service, expected to launch by the first quarter of 2027, will use Visa Direct, Visa's real-time payments platform, allowing BPI customers to send money overseas directly from the BPI app. BPI said transaction fees could be as low as USD 5, offering a lower-cost alternative for customers who need to send money abroad for work, education, travel, business, or family support. The service is expected to become available to more than four million active BPI mobile app users. Joel de Vera, BPI's head of strategy, products and support for institutional banking, said demand for secure, real-time, and affordable international payments continues to grow as more Filipinos engage in global activities. Beyond digital banking, BPI is also expanding its physical reach through agency banking partnerships. The bank recently partnered with Tambunting Pawnshop, allowing select BPI services to be offered in more than 100 Tambunting Kahera ng Bayan branches. Customers can apply for BPI products, deposit and withdraw funds, and perform cash-out transactions at participating locations. Read more in our articles including "BPI to add international money transfers to mobile app by 2027" and "BPI VYBE adds free cash-in service through M Lhuillier branches".