THE Bank of the Philippine Islands (BPI) is ramping up its digitalization efforts that will also support the country's economic development.

"We doubled down on digitalization over the past two decades, as online banking transformed into mobile banking. We brought our banking services that were only available on desktops onto the smartphone," Jose Teodoro Limcaoco, BPI president and chief executive officer, said during an online business forum organized by The Manila Times.

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