BPI opens rep office in Tokyo’s Roppongi district

MANILA, Philippines - Bank of the Philippine Islands (BPI) has opened a representative office in Tokyo’s Roppongi district to make it easier for Filipinos in Japan to send money to their beneficiaries in the Philippines.

BPI senior vice president and remittance business division head Roy Emil Yu said establishing a representative office in Japan would allow the bank to provide overseas Filipinos in Japan easy access to remittance solutions and other services.

“This will also open more doors for BPI for future partnerships in and around the region. Our hope is to serve more Filipinos around the world,” Yu said.

Japan ranks seventh among the top countries of destination for Filipinos and is among the largest source of remittances.

Yu said the Roppongi office would provide a fast and affordable way of sending money to the Philippines through BPI’s tie-ups with several remittance companies in Japan.

Roppongi is home to a big Filipino expatriate community and hosts several foreign embassies, including the Philippine Embassy.

The progressive district of Tokyo is also the location of several remittance and money transfer branches with which BPI has partnered with, such as Speed Money Transfer Japan K.K. (SMTJ) and Japan Remit Finance (JRF).

Through the newly-inaugurated office, BPI seeks to address the primary concerns of Filipinos in Japan by providing a presence in a key location, affordable remittance fees, competitive exchange rates, a hassle-free remittance process, tellers who are fluent in both English and Filipino, and fast transfer of funds to their beneficiaries in the Philippines.

These funds can then be withdrawn from over 2,500 BPI ATMs nationwide with no charge, or through BPI’s network of more than 6,500 accredited outlets, as well as door-to-door delivery, and other easy methods.

Likewise, the representative office would promote BPI to Japan’s financial community by acting as a point of contact to existing partnerships in the region, and to continue pursuing initiatives with prospective tie-ups. Aside from SMTJ and JRF, BPI also has a partnership with Kyodai.

Through these tie-ups, BPI is positioned as a reliable provider of secure automated solutions and multiple distribution services with highly professional front and back-end teams.