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How QR Codes can provide convenient, secure banking

The Philippines is no stranger to calamities and during these times, we help or seek help from other people. One way we provide help is by sending money to our family, friends, or relatives through bank transfers. But how do we make the process convenient and more secure? The answer is QR codes.

QR codes, or Quick Response codes, have been around for a while now. It is the trademark for a type of matrix barcode consisting of black squares arranged in a square grid against a white background. It can store data and can be read by a camera to extract data. QR codes are used to log into websites or share WiFi network logins.

The banking industry has also taken advantage of QR codes because of its convenience and security. BPI uses them for peer-to-peer transfer (individual accounts) of funds. It used to be that clients need to have the account number to transfer funds, which can be cumbersome, prone to input errors, and easily read by other parties.


QR codes can solve those issues. It’s easier to have these QR codes now with BPI’s QR code generator using its new online and mobile banking platforms. All you need to do is log on to the beta versions of BPI Online and BPI Mobile app. Then go to Other Services, click on QR Generator, then choose the account number that you want to get a QR Code for.

From there, you can save the QR code in your Photo Gallery and send it to people who need to transfer money to you. BPI also allows you to generate a QR Code for each account that you own, and since the QR Code for your account can only be used on BPI’s online and mobile banking facilities, it will not work using third-party QR scanners/readers, therefore keeping your account information safe.

Now if you want to transfer funds with the help of the QR code, just log on to the beta versions of BPI Online or BPI Mobile app, select Transfer Money, then Transfer to 3rd party, then click on the QR code symbol. The app will then let you choose to scan the QR code using your smartphone’s camera, or import the QR code from the gallery. If you’re using BPI Online beta via a desktop computer or laptop, you can select the QR code from your files.

BPI and its QR code generator makes it easy for clients to securely transfer funds. You don’t have to worry about inputting the wrong account number, or keep the account numbers saved somewhere in your phone. Just generate the QR code, save it, and you’re good to go.

This article was written by Louie Diangson, Managing Editor of YugaTech. You can follow him at @John_Louie.

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2 Responses

  1. MT says:

    I usually do not comment on stuff, but this one deserves attention before too many people get the wrong idea….

    Encode =/ Encrypt. QR codes ARE NOT ENCRYPTED unless hashed prior to being encoded into a QR Code.

  2. joe says:

    Sending the real numbers of acct is exactly the same thing, not encrypted. If someone wish to send you money, you need to give the acct number or QR code. Acct number chance of mistake has greater chance than scanning the QR code. Summary both not encrypted but faster and more accurate to use QR.

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