MANILA, Philippines – Need to open a bank account, deposit cash, or withdraw money without paying extra fees? Bank of the Philippine Islands (BPI) wants more Filipinos to do these not just through branches or ATMs, but at the same places where they already buy groceries, medicine, gas, or other daily needs.
BPI is expanding its partner-store banking services to cover account opening, cash deposits, and cash withdrawals. BPI customers can generate barcodes through the BPI app for deposits and withdrawals, then have these scanned by cashiers at participating partner stores. Cash deposits and withdrawals through these partner stores are free for customers.
The Ayala-led bank now has 34 partner businesses with close to 8,000 partner locations nationwide, including supermarkets, convenience stores, pharmacies, pawnshops, and gas stations. Of this network, 1,369 partner stores already offer cash deposit and withdrawal services.
“Everywhere you go, we embed ourselves into your daily lives. So banking now is not a chore anymore. It’s part of your daily life. That is the thought process behind BPI and the partner stores,” BPI agency banking head Rally Jereza said during a media roundtable.
These partner stores include Robinsons Department Store, Robinsons Supermarket, Robinsons Easymart, Uncle John’s, Lawson, The Marketplace, TGP, Southstar Drug, and regional supermarket chains like Prince.
