BPI’s microfinance arm boosts digitalization efforts
Bank of the Philippines (BPI) Direct BanKo, the microfinance arm of the bank, is boosting digitalization efforts to widen its coverage and reach more Filipinos.
The BanKo app is designed as a convenient mobile app that allows clients to fulfill their banking needs—including opening an account; applying, monitoring and paying loans; buying load; paying bills; and sending money—anytime and anywhere.
BanKo senior vice president Rod Mabiasen said in an online media briefing that digital banking has become a necessity especially during the pandemic.
“This is the reason BanKo continues to innovate the way we deliver our products and services to benefit self-employed micro-entrepreneurs and underserved individuals,” he added.
Also, the BanKo app delivers competitive products and services such as TODO Savings—a high-interest earning digital savings account; and NegosyoKo Lite for business loans as low as P10,000 with simple requirements.
