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

  • Infrastructure and the autonomous vehicle
    December 12, 2014
    Harold Worrall ponders the effect of autonomous vehicles on transportation infrastructure. For the last century the transportation industry has been focused on the supply of infrastructure to support the ever growing fleet of vehicles and the greater number of miles covered by each vehicle. Our focus has been planning, funding, designing, building and maintaining roadways. Politicians, engineers, planners, financial managers … all of us have had this focus. We have experienced demand growth since the first
    Read More
  • Integrated transport network proposed for Montréal
    April 25, 2016
    DPQ Infra, a subsidiary of Caisse de dépôt et placement du Québec, has unveiled for its Réseau électrique métropolitain (REM), an integrated public transportation project. Under the proposal, the REM will link downtown Montréal, the South Shore, the West Island (Sainte-Anne-de-Bellevue), the North Shore (Deux-Montagnes) and the airport in a unified, fully automated, 67km light rail transit (LRT) system comprising 24 stations and operating 20 hours a day, 7 days a week. The solution proposed by CDPQ Infra wi
    Read More
  • Gemalto launches multi-city ticketing solution for mobile phones
    January 15, 2016
    The latest version of Gemalto’s UpTeq Multi-Tenant NFC SIM supports multiple transport applications from different city networks by embedding the MIFARE4Mobile v2 application, allowing an NFC smart phone to work on all MIFARE Classic and DESFire transport networks.
    Read More
  • Spreading the word about Bike Share in the US
    April 19, 2016
    Smart bike share technology and funding policies help bridge the transit gap through the final mile as Andrew Bardin Williams explains. The sharing economy is coming to Portland this summer. BikeTown, the city’s new bike share program sponsored by Nike, will be launched in mid-July with 1,000 bicycles distributed across 100 stations throughout the city. Originally funded by a $2 million federal grant, the program has been boosted by a $10 million sponsorship deal with Nike ensures funding for the next five
    Read More

Highlighted Content