Easily open a savings account via GCash 2
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GCash, BPI seek to reach unbanked with BPI #MySaveUp

BPI #MySaveUp allows users to open a savings account quickly and hassle-free, with just a few clicks on their phones.

Did you know that 41.9 million Filipinos have no bank accounts? That is a staggering 38 percent of the country’s population. 

The problem? Access. Many of them lack the documents required to open bank accounts thus opt to just keep their cash at home for easy access in case of emergency.

To encourage more Filipinos to go into formal banking, GCash, the country's leading e-wallet, has partnered with the Bank of the Philippine Islands (BPI) to reach unbanked Filipinos, particularly working millennials.

This is part of the top mobile wallet’s continuing innovation to empower Filipinos and find ways to digitalise their financial transactions, including paying for their purchases and bills, sending care to their loved ones, and building up their savings. 

The partnership between GCash and BPI offers BPI #MySaveUp, an in-app feature in the GSave Marketplace. The new feature allows users to open a savings account quickly and hassle-free, with just a few clicks on their phones. 


"The goal of GSave Marketplace is to provide savings account options that would best fit their needs," Winsley Bangit, chief customer officer at GCash said. “The collaboration with BPI allows GCash users to easily access and open their own savings account. With a more convenient way of opening an account versus the traditional list of requirements, BPI #MySaveUp gives the  underbanked and unbanked Filipinos access to formal banking through the GCash app.” 

Users of BPI #MySaveUp can access their account 24/7 using the GCash app — view balance, deposit and withdraw all at their own convenience.  As they will also be issued an ATM card with their account, they can withdraw their money in all BPI branches and ATMs nationwide for free. 

BPI #MySaveUp users can also win monthly prizes. Every Php 10,000 saved by the end of the month or have at least Php 3,000 worth of valid transactions within the month earns them 1 #Coin which they can use to buy a game card to win electronic GCs or eGCs from BPI. 

The new GSave service is hassle free because depositors can do everything through the GCash app in just 4 easy steps. They simply need to click the GSave icon then choose BPI MySaveUp. Once in, they can open a savings account and proceed with using their GCash profile. Simply wait for an email confirmation from BPI then they can finally start accessing BPI #MySaveUp. 

For non-GCash users, they just need to download the app, upload one valid ID and wait to be verified. Once done, they can enjoy all the products and services of GCash. 

For more information on BPI #MySaveUp, visit https://www.gcash.com. To learn more about the #Coins Program, visit https://www.bpi.com.ph/bank/savings/coins-program.