BDO Unibank Inc. and SM Retail have rolled out a time-bound consumer incentive aimed at encouraging wider use of cashless payments across major retail outlets, reflecting the banking sector’s continued push to deepen digital transactions in everyday commerce.

From 1 February to 31 March 2026, shoppers using the BDO Unibank Pay app’s Scan to Pay feature can earn a P100 SM eVoucher for every P5,000 in accumulated spending at participating SM outlets. Customers may earn up to P300 in eVouchers during the promo period.

Eligible transactions cover purchases at the SM Store, SM Retail affiliates such as Watsons, ACE Hardware, Toy Kingdom, Pet Express, and Baby Company, as well as SM Markets.

According to EJ, a bank analyst, such incentives are increasingly being used by banks and retailers to encourage repeat digital payments and reduce cash dependence, especially as consumers return to in-store shopping. Accumulated-spend mechanics, in particular, are designed to increase transaction frequency rather than one-off usage.

The promo is registered with the Department of Trade and Industry under Permit No. 247737, series of 2026, and is subject to terms and conditions. Details are available through BDO’s official channels.

BDO Unibank is regulated by the Bangko Sentral ng Pilipinas, with deposits insured by the Philippine Deposit Insurance Corporation up to P1 million per depositor.