April 05, 2020

BSP Urges Filipinos to Go Cashless for Transactions During ECQ

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  • BSP Urges Filipinos to Go Cashless for Transactions During ECQ
  • Bangko Sentral ng Pilipinas (BSP) urges Filipinos to go cashless when transacting during the Enhanced Community Quarantine period.

    Experts found that traces of coronavirus can stay on surfaces for certain hours. Thus, this makes the transmission risk of the virus higher knowing that cash is one of the basic items that people commonly touch on a day-to-day basis.

    In a previous announcement, BSP clarifies that they are working closely with the Bankers Association of the Philippines and the Chamber of Thrift Banks and Rural Bankers Association of the Philippines to sort out cash requirements during this pandemic.

    They opt to provide services by continuing bank operations in some areas, in compliance with the hours of curfew in a particular area. Payment settlements through PhilPass are also performed continuously, according to the BSP. Amidst the pandemic the country is going through right now, BSP still assures that banks are still open to serve clients.

    The Bangko Sentral ng Pilipinas (BSP) assures the public that the banking industry shall continue providing essential services to its clients

    Bangko Sentral ng Pilipinasさんの投稿 2020年3月14日土曜日

    But the BSP strongly advises cashless transactions to avoid the transmission of the virus in the cash and to avoid going to crowded places. Basically, one can use e-banking services provided by almost every bank in the country or online payment services such as Pay Maya, PayPal, GCash, and the like.

    Also Read:

    Stay safe from #COVID19#LetsGetDigital

    Bangko Sentral ng Pilipinasさんの投稿 2020年3月12日木曜日

    For the meantime, here are some of the major banks in the country that offer online banking transactions whether through your mobile phone or through an internet browser:

    Bank Available through mobile app Available through browser
    Asia United Bank Corporation Yes Yes
    Bank of Commerce No Yes
    Bank of the Philippine Islands Yes Yes
    BDO Unibank, Inc. Yes Yes
    China Banking Corporation Yes Yes
    Citibank Philippines Yes Yes
    Development Bank of the Philippines No Yes
    EastWest Banking Corporation Yes Yes
    Land Bank of the Philippines Yes Yes
    Maybank Philippines, Inc. Yes Yes
    Metrobank Yes Yes
    Philippine National Bank Yes Yes
    RCBC Yes Yes
    Robinsons Bank Corporation Yes Yes
    Security Bank Corporation Yes Yes
    Union Bank of the Philippines Yes Yes
    United Coconut Planters Bank Yes Yes

    Moreover, BSP recognizes the bravery and continuous effort of bankers to continue working despite the pandemic. Along with this recognition, they make sure that banks are also equipped with precautionary measures to ensure the safety not only of the client but as well as the bankers.

    Also Read: Donate to COVID-19 Frontliners Through These Mobile Applications

    Source Bangko Sentral ng Pilipinas, Bangko Sentral ng Pilipinas Facebook

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