It is secure and convenient for starters
The push for digital payments and cashless transactions has driven financial institutions to find more secure and convenient transaction methods for its customers. Because of this, companies like BPI has started to move towards EMV technology which allows secure payments in more electronic and traditional portals than ever before.
Related: How BPI is Embracing The Shift Towards a “Cash Lite” Economy
EMV—short for Europay, Mastercard and Visa—is a global standard for chip-based debit and credit card transactions. EMV utilizes an embedded microchip—one that looks like what you see in a SIM card—to store data securely. Data within the chip is encrypted and is virtually impossible to get to compared to old magnetic stripe cards. And even in the slim chance that fraudsters manage to break through and access the chip, information inside it is encrypted, making it difficult, if not impossible, to get your account details.
Banks have been active in encouraging their customers to swap their old magstripe cards for EMV cards, and for good reason. Aside from being secure, EMV cards allow customers to go virtually cashless: all they need is to have their credit card or debit card (loaded with cash) with them when doing all sorts of transactions—from paying utilities to buying that dream phone.
Should you need cash, you just head over to the nearest ATM to withdraw money. No need to line up in banks—EMV cards save you time as well.
The convenience does not stop there: with features such as BPI’s Account Linkage, you can access up to nine linked deposit accounts with one ATM card. On top of that, you can manage your accounts with mobile and online banking services. Yes, one card can do A LOT of things for your financial needs. Convenient, isn’t it?
Related: BPI Launches Their New, Revamped Mobile App
The best part with the BPI EMV Debit Mastercard? It is travel-friendly, as it is activated for international use by default. You can withdraw money in the currency of the country you’re in, and pay using your EMV debit cards.
With all these conveniences and the security it brings, there’s no reason to not upgrade to BPI Debit EMV Mastercard.
