At some point in the very near future, the entire world will most likely adopt cashless transactions which will pave way to more e-Wallets or digital wallets as some call it. This are services that allows for electronic transactions or payments instead of cash but being able to fund the e-wallet might be a little bit of an issue in some scenarios and that’s what we’ll discuss here.
One good news is that FinTechs are becoming more popular all over the place. Let’s consider Jumia in Nigeria for example which also offer the Jumia One which is a sort of stop-shop for everything all in one. Then there is Carbon whose wallet can be funded by syncing with your bank account or just taking loans directly from the company.
In The Philippines, one company is also thriving well enough and making waves already. The BPI which had partnered with loads of e-wallet providers such as AutoSweep, RFID, Easytrip, GCash, PayMaya and Smart Padala
So, here’s how you load your e-wallet through BPI:
Step 1: Log in to BPI Online or to the new BPI Mobile app and select “Payments/Load” > “Load e-wallet” tab.
Step 2: Choose the account where you want to get your funds from, choose the e-wallet account you want to load, then enter the load amount.
Step 3: Confirm the details and enter the One-Time PIN (OTP) then select “Submit”. Always remember not to share your OTP with anyone.
Once you have your OTP, then you can use it to confirm your transaction and that’s all you need done. Each transaction gets you an Email confirmation because this is a financial transaction and there is a need to keep track of everything right.
This is a very convenient feature especially if you use the e-wallets mentioned above. It’s online, so you can make the transaction almost anywhere and anytime. I once was able to reload my Easytrip account in minutes before I drove to work. We can expect BPI to build partnerships with more e-wallets to make it easier for all of us.