TECHNOLOGY
| June 28, 2018
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| The new BPI Express Mobile App for any banker's convenience (Image Source: BPI/Google Play) |
Despite
being the oldest existing bank in the Philippines since it was opened during
the Spanish occupation, the Bank Of The Philippine Islands (BPI) is always keen
in embracing new innovations that would benefit and even boost the modern banking
experience of Filipinos wherever they may be. In fact, BPI is now making and
eventually embracing the shift to Filipinos' most convenient way of banking today
- the digital way.
Prior
to the ongoing transition, BPI has been experiencing different issues and
situations regarding its services such as technical difficulties on several ATM
machines in some of its branches. Fortunately, its improvements and
developments have literally addressed these issues and it will only be a matter
of time for more Filipinos to start embracing their own way of keeping their
bank accounts fresh and healthy.
So
far throughout the year, BPI gave its own website a major makeover and launched
its own mobile app. It even implemented the use of EMV chip technology on its new
ATM cards which is said to be more secured than the traditional ones. These are
all abided by the Bangko Sentral ng Pilipinas (BSP)' National Retail Payments System
(NRPS) which features a set of policies and standards for a so-called "cash-lite"
economy. Such economy will provide banks with better banking experience for
customers and more engaging accessibility to small and medium enterprises
(SMEs) and the unbanked rural areas.
