Bank of the Philippine Islands eyes 40% growth in mobile-banking business

Bank of the Philippine Islands (BPI) is eyeing a 40% increase in the number of mobile-banking users for 2014.

Bank of the Philippine Islands (BPI) is eyeing a 40% increase in the number of mobile-banking users for 2014.

BPI senior vice president, Manuel Tagaza, was quoted by BusinessMirror as saying that the electronic channels group of BPI aims to provide its clients convenience in banking at anytime, anywhere and with any device.

"We grew 30 percent last year over 2012. We target a 40-percent growth in Internet and mobile-banking users for 2014," Tagaza added.

"Mobile banking is key to our success right now. It is the most popular platform that we have. The following is great [and its] growth is phenomenal in the past two years."

BPI vice president and marketing and sales division head channels, Carlo Gatuslao, said close to two million BPI clients are Internet and mobile-banking users.

"Mobile-banking users number about 700,000 while 1.5 million use the Internet. There’s overlapping because we have clients that use both," Gatuslao added.