Bank of the Philippine Islands (BPI) launched its newest innovation, the BPI Mobile Wallet, which offers its clients a new means to make over-the-counter purchases more fun, convenient and easy.
“BPI takes pride in being a leader in mobile phone banking in the country. Through our BPI 24/7 Mobile Banking Channel, it has always been our commitment to put together advanced mobile services to meet the changing needs of today’s consumers. Today we are proud to pioneer another service that will make everyday transactions easy for our clients,” shares Noel Tagaza, BPI SVP and Head of the Electronic Channels Group.
BPI has been pioneering advancements in the banking technology that compete with the rapidly evolving global market. Today, with the many capabilities mobile apps offer, smart phone usage has advanced to being more than just a communications device. BPI seeks to build on these advances through the different mobile services it provides.
Using Near Field Communication (NFC), the BPI Mobile Wallet allows clients to install a device on their phone and turn it into a virtual “wallet” that they can use for over-the-counter purchases in select stores without the need for cash, credit cards or debit cards. One will simply need to “tap” their phone over the TAP terminals to complete their purchase easily and in real-time.
Tagaza adds, “We know that the Philippines has been anticipating mobile payments, having seen other countries like Japan adopt this technology. Launching the BPI Mobile Wallet today, we see this as the next “big” step for the banking industry and we at BPI are proud to be the first bank to introduce this service in our country. Launching the BPI Mobile Wallet, we aim to make it easy for our clients by giving them the means to use their mobile phones to make fast and easy payments.”
In its initial stage, the BPI Mobile Wallet NFC devices are made available for clients using BlackBerry® BoldTM 9780, BlackBerry® BoldTM 9700, BlackBerry® CurveTM 8520 and iPhone 4S with iOs 4 and 5. Currently, BPI Mobile Wallet payments are accepted in all Metro Manila Banapple and Serenitea branches, as well as selected Kenny Rogers, Seattle’s Best, Healthy Options, Fully Booked, Evita Peroni, and Mango branches.
BPI currently offers electronic banking through BPI Express Online, BPI Express Mobile, and BPI Express Phone. For more information about the different electronic services BPI has to offer, visit www.bpiexpressonline.com.