Bank of the Philippine Island said it is expanding its e-wallet service VYBE to public markets across the country as part of the bank’s objective to promote greater financial convenience for Filipinos.
A joint initiative of the Bangko Sentral ng Pilipinas (BSP) and the Department of the Interior and Local Government (DILG), the Paleng-QR Ph program aims to accelerate the adoption of digital payments local communities.
The Paleng-QR Ph program seeks to promote the use of Quick Response (QR) Ph payments, empowering market vendors, tricycle operators, drivers, and small business owners with a secure and efficient payment system.
As part of the initiative, VYBE, one of the key financial services providers with QR Ph capabilities, was showcased during the program’s rollout in Passi, Iloilo; San Jose de Buenavista, Antique; and Parañaque City.
VYBE played a vital role in onboarding users and providing financial literacy to help communities transition to digital transactions.
VYBE by BPI recorded a total of 1.7 million users in 2024, demonstrating the growing adoption of digital wallets among Filipinos. The bank aims to increase this by another 2.5 million this year.
As a trusted e-wallet, VYBE enables both BPI clients and non-clients to easily scan QR Ph codes for secure and cashless payments at any merchant that accepts QR Ph.
The app also allows users to transfer funds for free to other VYBE users, local banks, and other e-wallets, making everyday transactions more convenient.
Through direct engagement with local communities, the initiative builds trust, boosts financial confidence, and encourages the adoption of digital banking.
With VYBE’s participation in Paleng-QR Ph rollouts, the bank said more Filipinos—from vendors and tricycle drivers to small business owners—now have access to secure and seamless digital payment solutions, transforming the way they manage their finances.
BPI said its collaboration with BSP, DILG and local government units in the Paleng-QR Ph initiative demonstrates the power of public-private partnerships in advancing financial inclusion.