BDO boosts payments platform with new app

MANILA, Philippines — BDO Unibank Inc. further expanded its roster of digital channels via the launch of a mobile app for contactless payments to boost the country’s transition to a cash-lite from cash-heavy economy.

The country’s largest lender has introduced BDO Pay, allowing clients to use their savings account or credit card to do contactless payments for bills, online sellers and various stores nationwide.

“The digital initiatives do not only revolve around technology infrastructure, but also the revamp of operational processes and the engagement of experts to enable the bank to be more agile and responsive to its clients’ needs,” BDO said.

During the height of the pandemic, the bank saw a substantial increase in usage of its BDO Online Banking and Mobile Banking channels which provided clients instant and easy access to all their BDO accounts, namely, credit cards, deposits, loans and investments.

The widespread adoption of the mobile and online banking habit is rising rapidly around the world largely due to the global health crisis.

This has propelled the banks to embrace the advantages of digital banking and give their clients the ability and control to do bank transactions and payments without the need to visit a branch.

With BDO Pay, clients need not move in and out of different apps just to transfer money from one account to another. Having a mobile payment app linked directly to a client’s bank account allows them to save from paying cash-in fees repeatedly.

BDO clients with existing online banking account can easily use BDO Pay by just downloading the mobile app from Google Play, App Store or Huawei AppGallery.

For existing clients with no online banking account, they are encouraged to sign-up first via online.bdo.com.ph and enroll. Once the online banking account is activated, clients can already download the BDO Pay app and start using it.

Meanwhile, non-BDO clients are invited to open a BDO account to experience the features of the said mobile payment app.

The listed bank has been enhancing its technology and security infrastructure to deliver its products and services in a faster, simpler and more secure way for the clients.

It has the country’s largest distribution network, with over 1,400 consolidated operating branches, 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.