Banks urge public to bank from home

THE Cebu Bankers Club (CBC) has noted a surge in online payments as member banks continue to promote the use of digital payment platforms.

CBC president Romeo Comabig said doing online banking benefits both clients and bank employees since it would lessen exposure and possible transmission of the coronavirus.

“The usage has almost tripled, especially since we are waiving the fees in Instapay and PesoNet. It’s very comfortable and accessible for the clients,” he said.

Comabig stressed it’s about time that more Filipinos will adopt digitalization to make the country’s cashless ecosystem stronger.

“We have to go through that. It’s very efficient. You can even go through with your banking transaction even after the physical banks’ time and even during weekends. You can even check your account at any time,” he said.

On the bank side, Comabig said it’s advantageous because it would mean fewer people going to the branches in the middle of this pandemic.

“That would mean faster transactions. The employees can go home early and that translates to minimum risk of possible transmission,” he said.

Like all business establishments, banks have also beefed up their health measures against Covid-19. They implemented the mandatory wearing of face masks and face shields. Banks also made alcohol and sanitizers visible inside their premises. They also mounted acrylic barriers between the clients and bank personnel.

Moreover, the Bangko Sentral ng Pilipinas (BSP) highlighted that “the pandemic has provided significant momentum to digital finance, as more Filipinos recognize and appreciate the benefits and necessity of transaction accounts and digital payments.”

“The use of online banking, electronic fund transfers (PesoNet and InstaPay) and QR code for day-to-day payments such as transportation have gained traction as a more convenient and safer alternative to cash transactions,” the BSP said in an earlier report. (JOB)


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