BDO Unibank led by bankero Nestor Tan has made the BDO Pay mobile app available to non-BDO clients to support the Digital Payments Transformation Roadmap of the Bangko Sentral ng Pilipinas (BSP), which aims to have 70 percent of Filipino adults to have formal financial accounts by 2023.
With BDO Pay, clients can easily do banking transactions and manage their finances online without the need to move in and out of different apps just to transfer money from one account to another or make payments for online purchases.
Unlike other conventional e-wallets, BDO Pay is linked to a BDO client’s checking or savings account, debit card, and credit card making everyday payments flexible and easy.
With just a government-issued identification card, anyone can sign up for a BDO pay account through their smartphone. The BDO pay account does not require any initial deposit nor any maintaining balance, which makes it ideal as a starter bank account especially for those in rural and remote areas.
BDO Pay mobile app users can send money to both BDO and non-BDO accounts and enjoy other features such as request money, split bill, pay bill and make QR payments. Additional features will be rolled out to further promote e-wallet usage in the country.
The development of the BDO Pay mobile app is part of BDO’s strategic move to introduce customers to the Bank’s wide-ranging products and services, and at the same time deliver a customer experience that is simple and reliable.
BDO, which operates the largest number of branches and ATMs nationwide, has been enhancing its technology and infrastructure to be more agile and responsive to the clients’ needs.
BDO has the country’s largest distribution network, with over 1,500 consolidated operating branches and more than 4,400 ATMs nationwide. It also has 16 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America and the Middle East.
The Bank also offers digital banking solutions to make banking easier, faster, and more secure for its clients.