Small business owners can now easily manage their finances using an all-in-one app.
Bank of the Philippine Islands (BPI) recently launched BPI BizKo, a subscription-based digital banking platform that aims to simplify money management for micro, small, and medium enterprises (MSMEs).
The all-in-one platform—available via app and web—offers MSMEs immediate access to their account information:
- view balances, deposits, and payables
- regularly pay employees, suppliers, utilities, and government dues
- create digital invoices under their business name
- get invoice number reminders to avoid duplication
- receive and monitor payments through invoicing system
With your BPI Online Banking Account linked to BizKo, entrepreneurs can now skip the hassle of submitting multiple requirements for onboarding, and instead easily enroll and transact via BPI BizKo anytime, anywhere.
How to open a BizKo account
BPI BizKo is accessible through its official website and mobile app for download via App Store and Play Store. Note that you need an existing BPI deposit account and BPI Online Banking account to be able to enroll in BizKo.
- Select subscription plan.
- Enter BPI Online Banking account credentials.
- Review enrollment details.
- Set BizKo account credentials.
- Select a deposit account for subscription charges.
- Agree to terms and conditions. Once payment is confirmed, BizKo account is activated.
Customers can choose from four subscription plans, available in monthly or annual payment terms that start at P50 and P100 per month for basic and premium plans, respectively. A minimum fee of P10 will be charged for each successful transaction. Fees vary, depending on the transaction type and subscription plan.
On top of these features, BPI is also working on BizKo to allow customers to accept credit card and Gcash as payment methods for their businesses, enabling MSMEs to become cashless as COVID-19 continues to accelerate digital payments.
Like BPI’s other mobile apps, BizKo is protected by two-factor authentication. For added convenience, biometrics activation is available. Additional security features include PIN nomination for any change to the BizKo user’s account settings, email notifications for each login and transaction, and setup of BizKo transactional limits.
Meanwhile, BizKo’s infrastructure employs best-in-class security measures for encryption.
Ready to manage your business finances using the BizKo app? When you enroll until May 31, you’ll get a free three-month trial subscription. To claim this, activate BizKo and wait for the promo code pop-up, then input this in the payment confirmation page.
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