BPI simplifies payroll processing for businesses

MANILA, Philippines — Ayala-led Bank of the Philippine Islands has introduced BPI ePayroll, a digital payroll solution designed to make salary disbursement and account setup easier for businesses and employees.

With BPI ePayroll, employers can onboard their employees and manage payroll accounts digitally without requiring branch visits. The system allows businesses to upload employee information in a single file and ensure hassle-free salary disbursements.

“Our corporate clients can now handle the entire payroll account setup and employee onboarding digitally, offering ease and accessibility,” Juan Carlos Syquia, institutional banking head at BPI, said.

Starting February, businesses can access BPI ePayroll through BPI BizLink, the bank’s corporate banking platform. The platform provides businesses with efficient tools for payroll processing, collections, disbursements and liquidity management.

Employees will also benefit from the streamlined process. Once employers upload payroll information, employees will receive a unique reference code via email and text messages.

This code will allow them to set up their payroll accounts through the ePayroll portal within seven days using their mobile phones, tablets or laptops, eliminating the need to visit a BPI branch.

To further streamline the process, employers will receive detailed daily reports, allowing them to accurately track and document newly opened accounts with ease.

“With BPI ePayroll, we’re not just offering automation –we’re making payroll management simple for businesses and employees alike,” Syquia said.

“By eliminating complex account opening processes and providing a seamless salary experience, we empower companies to focus on growth while giving employees easy access to their earnings,” he said.

BPI aims to help companies focus more on growth by eliminating tedious payroll processes while ensuring employees have easy access to their earnings.

The listed bank saw its net income jump by 20 percent to hit an all-time high of P62 billion in 2024 from the previous year’s P51.7 billion, driven by higher revenues.

For the fourth quarter alone, the bank’s net income rose by eight percent to P14.1 billion from P13.1 billion in the same quarter in 2023 on higher revenue growth.