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.

Related Content

  • Joint venture delivers integrated parking payment
    October 31, 2014
    Mobile payment solutions provider Parkmobile USA is to partner with SP Plus Corporation (SP+) in a joint venture that will combine two parking transaction engines to deliver on-demand and prepaid transaction processing for on- and off-street parking and transportation services. Parkmobile will contribute its on-demand parking transaction engine that allows consumers to transact real-time payment for parking privileges in both on- and off-street environments. SP+ will contribute its proprietary Click and
    Read More
  • Monotch's data platform offers C-ITS benefits
    September 16, 2021
    I2V platforms play a crucial role in the easy integration and bi-directional data exchange between roadside equipment, road users, and mobility services
    Read More
  • Integrated public transport systems ‘make travel easier and more affordable’
    April 9, 2015
    Streamlining schedules, stops, fares, and passenger information among subways, buses and commuter rail, will make it easier for passengers, cut down on operational costs and boost operational revenue, according to a new World Bank paper published today, Public Transport Service Optimisation and System Integration. The paper, which is part of the China Transport Notes Series produced by the World Bank in Beijing to share experiences about the transformation of the Chinese transport sector, claims lack of
    Read More
  • Masabi mobile ticketing to roll out on New York MTA
    May 19, 2016
    Following successful field testing, the first phase of the Masabi MTA eTix apps developed for New York’s Metropolitan Transportation Authority (MTA), is expected to launch on select lines of the Long Island Rail Road (LIRR) and Metro-North (MNR) in June. The app, which allows customers to purchase train tickets via a mobile device, will first debut on the LIRR’s Port Washington Branch and Metro-North’s Hudson Line and will be available to all Long Island Rail Road and Metro-North customers by the end of
    Read More

Highlighted Content