#BPI partners with fintechs

Currently, BPI is working with nine partners for open banking. These are businesses with which BPI has agreed to open its API (APIs are communication protocols that determine how software components should share information or interact), or application program interface, and vice versa, in order to facilitate transactions of mutual clients of BPI and each of the partners. The partnership allows BPI to extend its services to make it easier for users to do everyday financial tasks such as loading beep cards or e-wallets, ordering meals or splitting bills, sending and receiving money, scheduling branch appointments, or placing money for investment accounts. Some of these new features include scheduling appointments via BPI Online, taking control of card usage through withdrawal limits, setting for into international use, and temporarily blocking debit cards. Bank of the Philippine Islands (BPI) has partnered with Robinsons Retail Holdings, Inc. Users can choose whether to deposit to their own account or another BPI account, enter the amount and present the generated barcode to a cashier at participating stores within one hour. Photo: insiderph.com "By enabling partners to facilitate barcode-enabled deposits and withdrawals, as well as account openings and product applications just by scanning a QR code, we are bringing full-service banking to any community in the Philippines—even the most remote islands," said Rally Jereza, head of BPI Agency Banking. Read more in our articles including "BPI builds digital ecosystem, partners with fintechs and online merchants" and "BPI partners with Robinsons Retail for barcode cash deposits in stores".