The Bank of the Philippine Islands (BPI) is deepening its push into the earned wage access (EWA) space through a continued partnership with Ayala Malls, one of the country’s premier retail developers. The collaboration enables eligible Ayala Malls employees who are BPI clients to access their earned wages ahead of payday via the BPI Salary On-Demand service, a move that underscores both companies’ commitment to employee well-being and financial inclusion.
Through the PayWage App, BPI Salary On-Demand allows employees to retrieve a portion of their accrued salaries without incurring debt, with the amount automatically deducted in the next payroll cycle. This initiative is part of a broader strategy to offer financial tools that alleviate cash flow pressures for workers, ultimately benefiting both employers and their teams.
“This effort between BPI and Ayala Malls underscores our shared commitment to empowering more Filipinos with accessible and convenient financial solutions,” said Rally Jereza, BPI agency banking head. “We are providing employees with a smarter, more flexible way to access their salaries when they need it most.”
The solution is positioned as a strategic employee benefit that enhances recruitment and retention while reducing financial stress and dependency on high-cost debt, thereby potentially increasing productivity and workforce stability.
John Reynold Tagumpay of Ayala Malls’ Compensation and Benefits team emphasized the partnership’s alignment with their employee care agenda: “By offering BPI Salary On-Demand, we empower our team members with financial flexibility, helping them manage their expenses with ease.”
BPI’s push into EWA comes as more Philippine companies explore non-traditional compensation tools to improve employee satisfaction. The bank sees Salary On-Demand as a differentiator in its digital banking portfolio and a value-adding service for corporate partners under the Ayala Group and beyond.
