Since both accounts are relatively new, it is possible that the email is in the Spam folder. To recap: You need a BPI credit card (with a Mastercard logo) to verify your PayPal account. To complete the verification process, you will need to supply the Expuse code which will be seen in the BPI credit card's monthly/billing statement.
However, to withdraw PayPal to your BPI, a different account is needed. This is the BPI savings accounts. Basically, you need two types of BPI account to verify your PayPal account and transfer funds from PP to BPI