DULDULAO DOT NET This Day & Beyond

Tag: BDO

  • Did you know that you can use ShopeePay to send money to any bank or e-wallet for free?

    Did you know that you can use ShopeePay to send money to any bank or e-wallet for free?

    We already know how easy it is to send money online—all it takes is a few taps on your phone and you’re done. Convenient and ideal, right? Yes, but only if you’re sending money to someone with the same bank account or e-wallet as yours or else you need to pay extra fees. That’s not very practical so we’ve got a solution for you. Did you know that ShopeePay, Shopee’s integrated mobile wallet, actually lets you send money to any bank, e-wallet or Shopee user for free? Yes, no hidden fees because we want to enable all Filipinos to fully enjoy the benefits of sending money online.

    It’s inconvenient to create and maintain multiple apps just to avoid additional transaction fees. To minimize the hassle, all you need is ShopeePay, which is part of the Shopee app—simply activate and verify your ShopeePay account. With ShopeePay, enjoy free and instant bank transfers with 40+ banks and e-wallet partners, including the country’s major banks like BDO, Bank of the Philippine Islands (BPI), Metrobank, Security Bank, UnionBank, and more. With this integrated service, you no longer need to jump from one app to another to make your fund transfers.

    Watch the video below to know how to send money for free with ShopeePay.

    <insert this video here>

    On top of convenience, ShopeePay also makes sending money more fun and exciting through promos where you can qualify to win rewards and cash prizes. Get the chance to be a ShopeePay Milyonaryo—register at this link, send at least P50 to any bank, e-wallet or Shopee user for a chance to play and win up to P1,000,000 on Shopee Live. In addition, be sure to check in during ShopeePay Happy Hour so you can win up to 100 coins daily when you send at least P50 to any Shopee user.

    Activate ShopeePay now and start enjoying its benefits. To learn more about ShopeePay, visit https://shopee.ph/m/shopee-pay. Download Shopee for free through the App Store or Google Play.

    REFERENCE:

    Pao Oga

    Shopee | Marketing | Public Relations (Media Relations)

    Mobile: +63 917 650 1835 (Viber/Whatsapp)

    Address: 15F Asian Century Center (ACC) Building, 27th St. Corner 3rd Ave. BGC, Taguig 1634

  • ShopeePay Offers Users Free and Real Time Transfers for a More Convenient Cashless Payment Experience

    ShopeePay Offers Users Free and Real Time Transfers for a More Convenient Cashless Payment Experience

    With ShopeePay, users are able to save on additional costs from InstaPay fees, and also send money to other ShopeePay users for free.

    MANILA, JANUARY 5, 2022 – ShopeePay, Shopee’s integrated mobile wallet, continues to make financial services more accessible and convenient for Filipinos. The e-wallet offers free and real time transfers, on top of other free services, to enable easier and more seamless digital transactions.

    ShopeePay users can now enjoy free cash ins and bank transfers in real time with 35+ banks and e-wallet partners, including BDO, Bank of the Philippine Islands (BPI), RCBC, Metrobank, Chinabank, UnionBank, and more with InstaPay. InstaPay is an electronic fund transfer (EFT) service that allows customers to transfer funds almost instantly between accounts and is available 24/7, all year round. On top of the new cash in via InstaPay option, users can  also link their bank account to their ShopeePay Wallet for free and easy cash ins.

    Within the app, verified ShopeePay users can also instantly send money to any ShopeePay user for free, available 24/7. Additionally, senders can also personalize their send money transactions with themed virtual cards fit for any occasion. With ShopeePay, users can do more cashless transactions and get discounts on load products and cashbacks on bills payment.

    As more consumers embrace and adopt digital transactions, ShopeePay aims to support the transition by providing hassle-free digital banking options. This year, the Philippines saw an exponential growth of new digital consumers, recording about 12 million since the start of the pandemic.[1] Aside from the significant increase in digital consumers in the country, there is also a notable increase in the adoption of digital-only banking, recording 18.34 percent in 2021, and is expected to reach 36.18 percent by 2026.[2] 

    Ruoshan Tao, Head of ShopeePay Online, Philippines, said, “The digital market of Southeast Asia is rapidly growing, and digital transactions such as online payments and money transfers are also becoming more prevalent. At ShopeePay, we are committed to providing our users with seamless and easy access to digital financial services through a secure and integrated ecosystem. We look forward to continue helping Filipinos embrace digitalization.”

    Here’s how to cash in to your ShopeePay Wallet via InstaPay, and enjoy up to P25 cashback on your InstaPay fee:

    1. Tap ‘Cash in’ on your ShopeePay wallet.
    2. Click the ‘InstaPay’ dropdown.
    3. View the specific instructions and cash in from your preferred bank.
    4. You will receive a notification if your cash in was successful.
    5. If eligible, you will receive the cashback after 7-10 working days.

    To transfer money for free from your ShopeePay Wallet to your selected bank account or e-wallet via InstaPay, make sure that your ShopeePay account is verified. Here’s how to transfer:

    1. Tap ‘Send Money’ on your ShopeePay wallet.
    2. Select either ‘To Bank Account’ or ‘To E-Wallet’
    3. Choose the bank/e-wallet you want to send money to and input the required details.
    4. Enter the amount to be sent.
    5. Review all details to ensure accuracy and proceed with sending money. 

    To send money for free to other ShopeePay users, you must have a verified ShopeePay account. Here’s how:

    1. Tap ‘Send Money’ on your ShopeePay wallet.
    2. Select ‘To Shopee User’.
    3. Enter the phone number or Shopee username to send money to.
    4. Input the amount to send. You may also personalize your transfer with a virtual card.
    5. Enter your ShopeePay PIN to confirm the transaction.

    To know more about ShopeePay’s InstaPay feature, visit https://shopee.ph/m/shopeepay-instapay.

    To enjoy free cash ins and transfers, and also save on additional fees, make sure to activate ShopeePay. With ShopeePay, you can also avail of exclusive deals when you Buy Load, Pay Bills, and Scan to Pay at thousands of merchants nationwide. Download the Shopee app for free via the App Store or Google Play.

    [1] e-Conomy: SEA 2021

    [2] Finder

    REFERENCE:

    Pao Oga

    Shopee | Marketing | Public Relations (Media Relations)

    Mobile: +63 917 650 1835 (Viber/Whatsapp)

    Address: 15F Asian Century Center (ACC) Building, 27th St. Corner 3rd Ave. BGC, Taguig 1634

  • BDO posts P44.2 billion net income in 2019

    BDO posts P44.2 billion net income in 2019

    Do you consider to continue investing, buying and doing transactions related to the products and services of BDO Unibank, Inc. (BDO) in your daily activities as part of its success in the community?

    BDO recorded a net income of P44.2 billion in 2019 from P32.7 billion in 2018 on the strong performance of its core recurring income sources. The results exceeded the Bank’s P38.5 billion guidance and translate to a Return on Common Equity (ROCE) of 12.8 per cent from 10.7 per cent the year before. The news was announced last February 27, 2020.

    Net interest income went up to P119.9 billion from P98.3 billion. Net Interest Margin (NIM) improved on continued CASA growth and improving loan mix in favor of consumer and middle market customers. Customer loans rose by nine (9) per cent to P2.2 trillion on broad-based growth across market segments. Total deposits grew by three (3) per cent to P2.5 trillion, bolstered by the eight (8) per cent increase in low-cost Current Account/Savings Account (CASA) deposits that comprised 73 per cent of total deposits.

    Non-interest income reached P60.6 billion, led by fee-based income with P35.3 billion and insurance premiums with P14.8 billion. Trading and forex gains settled at P5.7 billion. Overall, gross operating income went up to P180.5 billion.

    Operating expenses amounted to P115.2 billion, in line with the Bank’s continuing business and network expansion, as well as higher volume-related expenses (specifically, taxes and licenses and policy reserves at BDO Life). The Bank maintained its conservative credit and provisioning policies, setting aside P6.2 billion in provisions, even as gross non-performing loan (NPL) ratio was steady at 1.2 per cent and NPL cover remained high at 164.7 per cent.

    Total capital base increased to P370.6 billion, with Capital Adequacy Ratio (CAR) and Common Equity Tier 1 (CET1) ratio at 14.2 per cent and 12.7 per cent, respectively, both comfortably above regulatory levels.

    Moving forward, BDO’s robust business franchise, extensive distribution network, solid balance sheet and focused growth strategy place the Bank in an advantageous position to tap growth opportunities and development thrusts in line with government priorities while remaining resilient to domestic and external challenges.

    About BDO

    BDO is a full-service universal bank which provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust banking, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards and credit card services.

    BDO has the country’s largest distribution network, with over 1,400 consolidated operating branches and more than 4,400 ATMs nationwide. It also has 22 overseas remittance and representative offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America and the Middle East.

    BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of December 31, 2019. For more information, please visit www.bdo.com.ph.

    REFERENCE:

    Chesca Ortega
    PR and Events Specialist
    Roar Agile Communicators Corp
    roar.ph chesca.roar@gmail.com