BPI encourages small business owners to use QR code cashless payment for security and convenience

 

The Bank of the Philippine Islands (BPI) recently rolled out its Cashless Negosyo webinar series in North Luzon, which aims to boost the ability of small entrepreneurs to adapt to the new reality as consumers turn to e-commerce due to quarantine constraints amid the COVID-19 pandemic. 

According to BPI, digital payments will aid small business owners to ensure personal, employee, and customer safety. This will help them abide by the government’s minimum health protocols, and enables them to offer their goods and services online or via delivery.  It also allows them to reach as many customers despite quarantine restrictions.  

“BPI provides cashless payment option to small business owner or sole proprietor clients of the bank and help minimize if not eliminate waiting lines in their stores because their customers can just scan the QR code simultaneously to pay for their purchases. That is why for small business owners who will be generating their own QR code, it is important to make QR standees so that customers can check out faster,” said BPI Division Head for North Luzon, Marwin Galvez.

BPI reiterated that cashless payments made via QR code is not only faster and safer, but is also more accurate than using electronic fund transfer as payment option because it’s less prone to typing erroneous details compared to doing fund transfer by inputting the 10-digit account number.  It eliminates the risk of transferring money to a wrong account.

BPI noted that from 70 percent in March this year, the number of transactions done digitally have now increased to 90 percent in November. More than half of its 8 million clients are also now registered to the bank’s digital platforms for their everyday banking needs.

Small business owners may promote their cashless payment option to encourage and reassure customers that it is still safe to shop through this contact less payment method.

“We encourage small business owners to make use of the QR code system as a way of protecting them and their clients as the market shifts to more online transactions and digital living in the new normal,” Mr. Galvez added.

Digital Doc program: Send me your QR code

 

The next time you look to pay your doctor, you may want to ask for his or her QR code --  cashless transactions are safer for the patient and doctor alike.     

Through our Digital Doc program, we enable doctors and medical professionals to enjoy the benefits of digital payments via QR code.     

“We are thrilled to share the benefits of cashless transactions -- in enabling online health consultations and in keeping us all (doctors and patients alike) safe during these trying times,” said BPI Deputy Head of Marketing Mariana Zobel de Ayala. “In addition to keeping us safe from COVID-related health risks, the use of QR codes keep your bank accounts safer as well -- they are less prone to errors that often happen when keying in account numbers and transfer amounts.”

Patients can pay in seconds and for free -- by just scanning the QR code and inputting the payment amount. Doctors, in turn, are able to monitor their funds anytime, anywhere through BPI Online or BPI Mobile app.      

“As BPI, we hope to be a partner for our healthcare professionals -- in enabling them with what is needed to adapt to the next normal, and more importantly, to keep them safe, ” she said.

To activate a QR code for free, doctors are invited to  log in to BPI Online or BPI Mobile app and select “Other Services,” followed by “QR Generator.” From there, they simply select the account for which they wish to generate a QR code for, and can even add a nickname or label for their QR code -- so that it is easily recognizable for anyone they send to. They have the option to include an amount requested for payment -- but either way, by clicking “Save to Device” they can access it easily anytime -- and send it to their patients as they wish.  Beyond the benefits of convenience, BPI’s digital banking platforms offer security features to ensure protection of your data and account information.

Visit the BPI website at https://www.bpi.com.ph/accept-payments-with-a-qr-code to know more about accepting payments via QR code.