At the height of the COVID-19 pandemic, cashless payments proved useful when mobility was greatly limited due to health and security reasons. Online banking and digital payments saw growth in usage as both became options to branch banking for many Filipinos. A cashless society is one where cash is not the primary mode for financial transactions. Instead, transactions are settled electronically using credit or debit cards, mobile or online payment apps and even QR codes.
The Bangko Sentral ng Pilipinas (BSP) considers cashless payments not only as an alternative mode to perform banking transactions, but also to promote financial inclusion. It serves as a gateway especially for unbanked and underbanked Filipinos, to other financial products such as savings, loans, and insurance aside from those offered through traditional channels.
Making Filipinos financially and digitally savvy
“To make cashless payments an active tool to promote financial inclusion, it needs to be easy to use and accessible for everyone. With our online banking and cashless payment platforms, BDO provides alternatives for those who wish to do their financial transactions digitally,” said BDO consumer banking group digital banking head Roy Villareal.
BDO primed its digital banking channels and launched its BDO Online and BDO Pay mobile apps not just to address the sudden demand for contactless financial transactions during the pandemic, but to make bank services more accessible and convenient in the new normal. BDO Online and BDO Pay allow BDO clients to pay their bills, transfer money, and monitor their bank account through their computers or mobile phones.
“BDO wants to integrate financial wellness into the growing digital lifestyle of Filipinos. Mobile connection in the country is more than 100% of the country’s total population. Aside from widening our network of branches and ATMs across the country, BDO provides digital banking solutions that are accessible to Filipinos via their smartphones,” said Villareal.
“BDO’s mobile apps allow our clients to have the financial information they need right at their fingertips. More than the convenience, what these digital solutions offer is control over one’s finances,” he added.
With its new mobile apps, BDO aims to help the BSP promote cashless payments and advance financial inclusion in the country.
Mrs.Enero – Angel Enero is a former IT System Administrator and now a full-time SAHM to her #littleEneros. She’s a domesticated / hands-on mom who loves baking and gardening.
MRSENERODIARIES blog is an online diary of Angel Enero. Formerly a travel blogger and now a lifestyle mommy blogger. Blogging about EAT. PRAY. LOVE. TRAVEL.
Good news po talaga itong cashless transactions na pinoprovide ng BDO MOBILE APPS . Napakalaking tulong po talaga ito lalo na ngayong pandemic . Magiging mas convenient at hassle-free na . Iba po talaga ang BDO ! They really find ways na tumulong sa mga tao .
Wow that’s good news ,.Ang galing galing talaga ng BDO may apps na para sa cashless transactionLess para less hassle na,I love it ☺️ at perfect ito sa mga working mommy na super busy sa trbho subrang laking tulong tlga Po ito sa kanila the best partner BDO.
Big help talaga ang cashless payment hassle free Di na kailangang pumila just one top sa phone mo tapus na
Good news po ito dahil may Apps na BDO minsan talaga mahaba ang pila at nag kakaroon nang offline… Less pagod para sating mga nanay or kahit kanino paman po ..
Good news ito para sa atin. Magiging less hassle na at very convenient pa. The best talaga ang BDO❤️❤️
Wow this is good news. Ang galing talaga ng BDO may apps para sa cashless transaction … Less hassle to lalo na sating mga mommies na super busy araw araw .. laking tulong nito satin … Very convenient talaga … Nice BDO .. TALAGANG THEY FIND WAYS .. goodjob …
Ang galing naman Ng cashless transaction for savings, investment and insurance. BDO has cashless transaction kaya mas mapapadali Ang mga transaction
Nice naman ,cashless transaction na sa savings,loans at insurance, mas convenient talaga ito.
Great News
The best mas magnda to atleast hindi na hassle may apps na at malaking tulong ito
The best bdo no hassle at laging maasahan
Naman! Sunod na din sa uso ang Pilipinas when it comes to technology lalo na kapag magsasave ka talaga ng money for the future at may natatabi ka for emergency purposes. Maganda talaga ung trusted mo talaga ung company para worry free ka sa mga personal informations mo especially sa mga nasasave natin na money.
Wow gandang balita malaking tulong ito lalo na ngayon panahon ng pandemic
Such a great news from BDO specially nowadays. Malakinh tulong ito para sa atin, very convenient and hassle free to use because with just few clicks we can send money or payments thru online BDO apps