BDO Unibank is widening the reach of its BDO Pay mobile app by making it available even to non-BDO clients.
In a statement, the bank said the move 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 or 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 bank said the development of the BDO Pay mobile app is part of its 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.