7 of the Top Digital Banks in the Philippines with the Most Secured Mobile Banking Transactions

Website: https://www.bpi.com.ph

The Bank of the Philippine Islands, commonly known as BPI, is currently the fourth largest bank in the country regarding assets. BPI’s Online Banking has been one of the most frequently used digital banks in the Philippines, with BPI Mobile ranking third among financial apps and first among other applications of mobile banking in the Philippines.

BPI established the use of digital banking in the Philippines to help its clients go digital when making their transactions without the need to go to a physical bank. BPI may have been prone to phishing scams way back years ahead. Yet the bank continued to improve its banking services and is now recalibrated to the safest digital banking, strengthening its encryptions and mobile banking security features.

Website: https://diskartech.ph/

DiskarTech is a digital banking app in the Philippines powered by Rizal Commercial Banking Corporation or RCBC. This mobile banking app in the Philippines lets you enroll in an account that allows you to withdraw and deposit money through its partner channels. DiskarTech by RCBC emerged as one of the pioneers of mobile banking in the Philippines and quickly gained as one of the consumers’ trusted, safest digital banks concerning its security. Another feature of the digital banking app is the combined Taglish or Tagalog and English languages, making the mobile banking app easier to understand.

DiskarTech was launched last July 2020 to provide digital and online banking services to the unbanked Filipino population. Consumers can ensure the app’s security since it is regulated by the Bangko Sentral ng Pilipinas (BSP) and insured by the Philippine Deposit Insurance Corporation (PDIC).

This digital and mobile banking app is possibly the most accessible. Though this mobile bank in the Philippines is not that big and famous among the standard Filipino population, it is still developed. It remains competitive among other digital banks in the Philippines, slowly gaining its well-deserved popularity.

Website: https://www.metrobank.com.ph/home

Popularly known as Metrobank, the Metropolitan Bank and Trust Company rank as the second-largest bank in the country, providing a wide array of banking options and services to Filipinos, including mobile banking in the Philippines. Metrobank’s digital banking app in the Philippines has received high average ratings in app stores, establishing it as a convenient and safest digital bank.

With Metrobank, you can guarantee that this is one of the safest digital banks in the Philippines to secure your money and finances, even though you are just using their digital banking app. Metrobank’s Mobile Banking security features include an OTP or one-time pin for every new device used in certain mobile transactions. Metrobank has also received prestigious awards such as Best Domestic Private Bank and Strongest Bank in the Philippines by Asian Bankers Pioneering with the most credible annual ranking analysis.

Website: https://tonikbank.com/

Though physical banks have shifted to the world of digital banking, so are new and also trusted digital banks. As digital banks in the Philippines emerge in the local market, so are new digital banks like Tonik. This digital bank is among the pioneering neobanks to start its operations in the Philippines, which allows its clients and Filipino consumers to monitor their finances with just a mobile phone. Tonik is the best option if you want a digital bank in the Philippines with a highly secured and safest digital bank platform.

Tonik, being the first neobank in the country, sets itself a high standard regarding leading in innovation. Tonik also has become a competitive digital bank in the Philippines because it focuses on serving its clients and addresses customer needs by providing the safest digital banking technologies. Tonik also guarantees security among its consumers. This mobile bank in the Philippines is officially the country’s first challenger to receive a Digital Bank License from the Bangko Sentral ng Pilipinas (BSP), with all financial deposits insured by the Philippine Deposit Insurance Corporation or PDIC. Besides the digital app, Tonik also features a physical debit card and virtual cards. On the flip side, Tonik does not have a physical branch and is more focused on going as a digital bank in the Philippines; that is why Tonik is easily accessed through app stores and can be installed on your mobile phones. Tonik is available for both iOS and Android mobile phones.

Tonik also targets the unbanked Filipino population, tagging itself as the “Rolls Royce of Security” in digital and mobile banking in the Philippines. This Singapore-based bank ensures secure, convenient, and fast transactions covering almost all financial concerns such as payments, loans, deposits, withdrawals, and current accounts.

Website: https://www.securitybank.com/

Security Bank is among the few traditional banks that offer a digital bank in the Philippines, such as online-only savings accounts in the country. It highlights two of its best services: the Online Account Application and the Human Switch Kit, which helps consumers make accounts faster and more conveniently. Like other physical banks, Security Bank has also recalibrated mobile banking in the Philippines and bagged the Best Digital Bank Award from Capital Finance International in 2017.

Suppose you’re talking about the safest digital banks. In that case, Security Bank’s online and digital bank has security features, including a quick login through fingerprint authentication, lock or unlock ATM and PIN, and eGiveCash for sending money through SMS.

Website: https://www.eonbankph.com/

With all the new and emerging digital banks, EON by Union Bank of the Philippines has also become one of the pioneering all-digital banks in the Philippines. Consumers can easily access their accounts and manage their finances by installing the official Union Bank EON app or by accessing the official EON Union Bank website. With this mobile banking app, you can quickly transfer your money to another EON, Union Bank, or another account in another bank. Once you have created and applied for an account in EON, you can withdraw from any ATM, access real-time fund transfers from your PayPal account, and conveniently pay your bills online or via the EON app.

Website: https://ing.com.ph/

ING Pay is one of the safest and most secure ways to pay, launching its first digital bank last 2018. This Dutch international digital bank started its operations in the Philippines way back in 1990 as a wholesale lender and is now among the top digital banks in the Philippines to get covered by the Philippine Deposit Insurance Corporation or PDIC. As a universal bank, ING is regulated by the Bangko Sentral ng Pilipinas, making it reputable. This mobile bank in the Philippines gains trust from its clients and consumers, knowing that their money is secured through ING’s mobile banking; amongst the other digital banks in the Philippines, they are also one of the safest digital banks.

ING Pay also has the most flexible features and functions that adjust to the different lifestyles of every Filipino. With this mobile bank in the Philippines, you can conveniently pay your bills to more than 80 merchants, including credit cards, billers, and insurance companies. You can also securely transfer money through InstaPay without additional banking charges. Opening a digital account with ING is also free, with no minimum balance. This is one of the highlights and features that makes ING Pay stand out from other digital banks in the Philippines since it does not charge any fees for any digital transactions, and you can digitally pay your bills with no extra charges.

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