Bank of the Philippine Islands (BPI) is teaming up with Visa to introduce app-based money transfer services, according to a report by Philstar Biz . The initiative is part of BPI’s broader push to make financial services more accessible to Filipinos within the country and overseas.
The new feature will allow BPI customers to send money directly through the bank’s mobile app, leveraging Visa’s payment network. This aims to simplify remittances and reduce reliance on traditional over-the-counter transfers, particularly for overseas Filipino workers.
The move underscores BPI’s commitment to digital transformation as competition in the Philippine banking sector intensifies. By integrating Visa’s technology, BPI hopes to offer faster, more secure transactions and deepen its reach in the unbanked and underbanked segments.