ING Philippines launches ING Pay, an e-payment service designed to make digital payments more convenient and secure.
ING Pay is a type of bank account, approved by the Bangko Sentral ng Pilipinas (BSP), that comes with features such as bills payment, a virtual VISA debit card, and real-time InstaPay transfers. It has more than 70 pre-enrolled billers and merchants, including major utilities, credit cards, insurance and telecommunication companies.
“The launch of ING Pay today further demonstrates our commitment to empower customers as they look for a safer and more efficient way to make payments and transactions in the midst of the pandemic. Now ING customers can transact digitally at the convenience of their home. We take the hassle out of payments so our customers can spend more time on the things that matter to them,” said Hans Sicat, ING Philippines country manager.
ING Pay works best with ING Save, allowing customers to transfer money from the savings account to the payment account. There is no minimum amount to open and maintain the account.
Aside from the e-payment service features, ING Pay comes with a free virtual debit card for online use, only accessible via the ING mobile app. The digital bank will also offer a free physical debit card soon.
How to open an ING Pay or ING Save account
Here’s how to open an ING Pay or ING Save digital bank account.
Opening an ING Pay or ING Save account is all done online through the ING app. The application process is pretty straight forward.
Take note that you need only one government issued ID to proceed. You will be asked to fill in your personal details. You are also going to be asked take a photo (via the app itself) of your ID, proof of billing, and signature. So be sure to have those on hand.
ING will then verify your account before you can start transacting.
How to deposit money to your ING Pay account
There are 3 ways to fund your ING Pay account:
- You can use your other bank’s online banking portal or mobile app to transfer money to ING Pay via PESONet or InstaPay.
- You can deposit a check directly to your ING Pay account via the ING mobile app.
- If you have an existing ING Save account with balances, you can transfer funds from you ING Save to ING Pay for free.