On November 20, 2012, BPI unveiled the Mobile Wallet—the company’s new mobile banking service app for selected smartphones.
The BPI Mobile Wallet uses a device that uses Near Field Communication to allow selected mobile phones to turn into a “virtual wallet” that can be used to do over-the-counter purchases without the need for cash, credit cards or debit cards. With the Mobile Wallet, all you have to do is “tap” your phone over the TAP terminals to complete your purchase.
This type of transaction is only available at all Banapple and Serenitea branches in Metro Manila, and selected Kenny Rogers, Seattle’s Best, Healthy Options, Fully Booked, Evita Peroni and Mango outlets.
The service is made available for the Blackberry Bold 9780, Blackberry Bold 9700, Blackberry Curve 8250 and the iPhone 4S (iOS 4 or 5).
“The BPI Mobile Wallet is an exciting new step for the industry and promises so much potential for the future as we continue to expand on this service to cater to more Filipinos,” said BPI AVP and Division Head of Channels Marketing and Sales Department, Carlo Gatuslao.
“We know that the Philippines has been anticipating mobile payments, having seen other countries like Japan adopt this technology,” BPI SVP and Head of Electronic Channels Group, Noel Tagaza, added. “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,” he said.
BPI currently offers electronic banking through BPI Express Online, BPI Express Mobile, and BPI Express Phone. BPI also has existing electronic payments through its credit cards, EPS, and the BPI Mobile Mall java app.