BPI BizKo, a simple, affordable, and convenient subscription-based digital banking platform that enables micro, small, and medium enterprises (MSMEs) to manage their business finances and provides an integrated online system for invoicing and collection, was recently launched by Bank of the Philippine Islands (BPI).
The all-in-one online platform, available via app and web, provides MSMEs with immediate access to their account information, allowing them to view balances, deposits, and payables, pay employees, suppliers, utilities, and government dues on a regular basis, create digital invoices under their business name, receive invoice number reminders to avoid duplication, and receive and monitor payments via its intuitive invoicing system. Entrepreneurs may now save the burden of completing several prerequisites for onboarding by linking their BPI Online Banking Account to BizKo, and instead conveniently enroll and transact via BPI BizKo anytime, anywhere.
MSMEs may use BPI BizKo to conduct daily financial and accounting activities without having to transfer cash to another e-wallet or bank account or physically visit a branch. This aids in simplifying the cash flow to and from their partners and clients, allowing for more accurate and convenient monitoring.
While there are advantages of having a corporate internet banking platform, they sometimes need a considerable initial deposit and the maintenance of a daily balance, which several MSMEs struggle with. BPI BizKo provides customers with access to these services via flexible and user-friendly subscription options accessible on a monthly and annual basis.
BPI BizKo subscription plans
BPI BizKo is accessible via its official website www.bpibizko.com, as well as a mobile app available for download from the App Store and Play Store. To get started, business owners may open a BizKo account by clicking on the ‘open account’ button online. To enlist in BizKo, you must already have a BPI deposit account and a BPI Online Banking account.
The first three stages in setting up a BPI BizKo account
Customers may select from four subscription options, available in monthly or yearly payment terms, with basic and premium plans starting at Php 50 and Php 100 per month, respectively. Each successful transaction will incur a fee of at least Php 10. Fees vary based on the kind of transaction and subscription package.
| BizKo Facilities |
| Free Account Viewing and Transaction History |
| Bills Payment |
| Transfer to BPI Accounts |
| Transfer to Other Banks |
| Payroll |
| Government Payments |
| Invoice – Generation and Payment |
| Request Money – Generation and Payment |
| Payment Link Generation and Payment |
| Financial Report Generation |
In addition to these capabilities, BPI is working on BizKo to allow consumers to accept credit cards and Gcash as payment options for their enterprises, allowing MSMEs to go cashless as COVID-19 accelerates digital payments.
BizKo, like BPI’s other mobile apps, is secured by two-factor authentication. Biometrics activation is offered for increased convenience. PIN nomination for any modification to the BizKo user’s account settings, email notifications for each login and transaction, and the establishment of BizKo transactional limitations are further security measures.
Meanwhile, BizKo’s infrastructure incorporates best-in-class encryption security features.
In addition to these capabilities, BPI is working on BizKo to allow consumers to accept credit cards and Gcash as payment options for their enterprises, allowing MSMEs to go cashless as COVID-19 accelerates digital payments.
BizKo, like BPI’s other mobile apps, is secured by two-factor authentication. Biometrics activation is offered for increased convenience. PIN nomination for any modification to the BizKo user’s account settings, email notifications for each login and transaction, and the establishment of BizKo transactional limitations are further security measures.
Meanwhile, BizKo’s infrastructure incorporates best-in-class encryption security features.
Launch promo: Free three-month trial
When you sign up for BizKo between February 28 and May 31, 2022, you will receive a free three-month trial membership. To claim this, sign up for BizKo and wait for the promo code to appear, then enter it on the payment confirmation page.
Join the app launch on March 10, 2022, Thursday at 3:30PM through Zoom to be among the first to experience BPI BizKo. You may register for the event at https://l.bpi.com.ph/BizKoLaunch.
