#Philippines banking

Visa and GoTyme Bank have entered a multi-year partnership aimed at accelerating the adoption of digital payments in the Philippines, South Africa, and future Southeast Asian markets. Visa Philippines Country Manager Jeffrey Navarro said the partnership aligns with Visa’s efforts to promote financial inclusion and broaden digital access. The outage started on the evening of June 14, when many BPI customers reported being unable to access the bank's mobile app and online banking platform. 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. BDO encourages all its mobile and online banking users to access their accounts during off-peak hours. Read more in our articles including "GCash users can now cash out via RCBC ATMs" and "Visa & GoTyme sign multi-year deal for faster digital payments in the PH".