Philippines bank combines banking and transport into one prepaid card

Dutch digital security specialist Gemalto is supplying the Bank of the Philippines Islands (BPI) with EMV prepaid banking and transport cards that support Manila Metro’s beep contactless ticketing system. BPI is one of the leading banks in the Philippines and the first to cater to both EMV and transport payment. The two-in-one card leverages Gemalto's Optelio technology and gives commuters greater security and convenience while increasing the transaction volume and user base for financial institutions.
August 31, 2016 Read time: 1 min
Dutch digital security specialist Gemalto is supplying the Bank of the Philippines Islands (BPI) with EMV prepaid banking and transport cards that support Manila Metro’s beep contactless ticketing system.

BPI is one of the leading banks in the Philippines and the first to cater to both EMV and transport payment. The two-in-one card leverages Gemalto's Optelio technology and gives commuters greater security and convenience while increasing the transaction volume and user base for financial institutions.  
 
The beep ticket was introduced in July 2015 to facilitate transit payment and quicker entrance at train stations' gantries. With only 31 per cent of all Filipino adults holding a bank account, integrating beep with banking lets financial institutions tap into a readily available and vast unbanked market.

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