• July 21, 2024

If you’re thinking of opening a deposit account, applying for a credit card, or availing loans, here’s good news: you can now do so via the Bank of the Philippine Islands (BPI) official flagship store in LazMall.

The first-of-its-kind partnership between the Philippines’ oldest bank and e-commerce giant Lazada delivers the most sought-after products of BPI through the platform.

“We envision our partnership with Lazada as a stepping stone in BPI’s strategy—extend the bank’s reach and presence, and provide access to our products and services to more Filipinos,” said Jose Teodoro K. Limcaoco, BPI President and CEO.

As of this writing, the following core products of BPI are available on Lazada: #SaveUp, credit cards, and auto, housing, and personal loans. “But we intend to expand both the BPI products available in our Lazada Flagship Store and our distribution partnerships, be it physical or digital,” added Limcaoco.  

Shopping and banking in the BPI Flagship Store feel intuitive as it follows the usual purchasing process in the platform: simply “add to cart” and buy BPI products the same way you would a new pair of shoes or a fresh stock of essentials. The easily accessible 5-step application process for these products is also coupled with rewards in the form of Lazada gift cards once applications are either approved or booked.

This initiative is part of BPI’s promise to expand its products and services to more Filipinos. Through its Agency Banking Group, BPI supplements its traditional brick-and-mortar branches and its robust online channels with established agent stores that are convenient stops for Filipinos.

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