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. 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. BPI said its agency banking network now covers more than 7,000 partner stores nationwide as it continues efforts to improve access to financial services in underserved communities. BPI said the rollout is part of its agency banking expansion, allowing customers to access banking services in retail stores. Banks are required to inform clients of the results within three banking days after the investigation is completed. The bank says in post that it is enhancing the capabilities of its ATMs to offer this service, which will be available “in the coming days.” However, to facilitate these upgrades, several ATM and banking services will be temporarily unavailable on July 6, 2023, from 12:00 AM to 3:00 AM. UnionBank Online will remain accessible for other banking needs. Read more in our articles including "BPI to add international money transfers to mobile app by 2027" and "BSP requires banks to keep bigger emergency funds".
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. 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. BPI said its agency banking network now covers more than 7,000 partner stores nationwide as it continues efforts to improve access to financial services in underserved communities. BPI said the rollout is part of its agency banking expansion, allowing customers to access banking services in retail stores.
Our coverage of banking includes: "BPI to add international money transfers to mobile app by 2027"; "BSP requires banks to keep bigger emergency funds"; "BPI expands barcode cash deposit service to Robinsons Retail stores". Each article provides unique insights and information.