Security Bank’s online cash management system named Best Payment Solution in the Philippines

Security Bank Corporation (PSE:SECB) proudly announced its win for “Best Payment Solution in the Philippines” for its Billing/Invoice Presentment and Payment System (BIPPS) by Alpha Southeast Asia at the 17th Annual Best Deal and Solution Awards 2023 held on January 31, 2024, in Kuala Lumpur, Malaysia. The event celebrated outstanding achievements and innovations in the finance sector.

After a week-long intensive review of more than 70 bank submissions encompassing over 150 deals and solutions from commercial and investment banks across Southeast Asian, Security Bank’s BIPPS emerged as a stand-out. Its ground-breaking approach to streamlining billing processes and enhancing the payment experience for both businesses and consumers earned well-deserved recognition.

“Security Bank not only introduced a straight-through settlement solution that encompasses both online and the traditional over-the-counter bills payment options for customers but [also for] new merchants [to] can be easily integrated in a short period of time and with no major system development/reprogramming requirement. In a nutshell, this is a multi-faceted solution meant for overall ease of payment, tracking, and reporting to create ease for all parties involved,” said Alpha Southeast Asia.


BIPPS, an innovative settlement facility within Security Bank’s award-winning DigiBanker app, has redefined payment solutions by delivering a seamless end-to-end order-payment settlement process. Merchants can effortlessly post billings and invoices, while customers have the convenience to log in and choose the bill to pay, along with their preferred payment method.

Robbie Pablo, Security Bank FVP and Transaction Banking Group Sales Head, expressed gratitude for the recognition and emphasized the Bank’s commitment to technological innovation. “Securing the Best Payment Solution award at the 17th Annual Best Deal and Solution Awards serves as a concrete testament to our relentless commitment to deliver cutting-edge solutions for our valued customers. BIPPS represents our commitment to make financial transactions smoother, focusing on security and efficiency.”

In 2023, Security Bank garnered prestigious accolades, being named the Best Retail Bank in the Philippines by Alpha Southeast Asia and the Best Corporate Bank in the Philippines by Asiamoney. This award reinforces Security Bank’s position as a leader in the financial industry, as it delivers innovative solutions tailored to the evolving needs of its customers. 

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