BPI taps Chinese firm for digitalization plan

LISTED Bank of the Philippine Islands (BPI) has partnered with a Chinese technology company to bolster its digital platform as part of efforts to increase financial inclusion in the country and embrace self-service banking.

In a statement on Tuesday, the Ayala-led banking giant said it had signed a memorandum of understanding with Tongdun International Pte Ltd. covering various services and solutions. These include credit cards and unsecured lending, microfinance products, and loans for small and medium enterprises.