BPI
Established in 1943, Bank of the Philippine Islands (BPI) is the first bank in the Philippines and Southeast Asia and is also one of the local banks with a high margin.
BIP boasts more than 600 merchants including Lazada, Gmovies, LTS Malls, and Easy Trip. By using the BPI payment method, buyers can perform operations such as transfer, top-up, payment, and repayment.
Properties
The following table lists the product properties supported by BPI:
Payment type | Alipay+ payment method | ||
Acquirer | Alipay SG, Alipay EU | Acquiring region | SG,AU,HK,EU |
Payment flow | Redirect | Checkout Payment | ✔️ |
Buyer country/region | Philippines | Auto Debit | ❌ |
Funds deduction | Real-time | Refund | ✔️ |
Processing currency | PHP | Partial refund | ✔️ |
Minimum payment amount | Unlimited | Chargeback | ❌ |
Maximum payment amount | 50,000 PHP per day | Refund period | 365 days |
User experience
The following screenshots show the journey of paying with BPI:
Figure 1. Payment process with BPI