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BusinessWorld
June 4, 2021 | 8:00 am
The Bank of the Philippine Islands (BPI) revamped its current Amore Visa credit cards to BPI Amore Cashback and BPI Amore Platinum Cashback cards, as the bank aims to enable more Filipinos to make both online and in-store shopping more convenient and rewarding with enhanced payback features.
This move comes on the heels of the COVID-19 pandemic, which has changed the spending habits of Filipinos across all market segments.
According to Credit Card Association of the Philippines, credit card billings growth declined in 2020 across the industry due to the effects of the pandemic. As for the top three segments where credit cards were used, these included supermarkets, micropayments such as transportation and fast food restaurants, and electronics.