RCBC is AsiaMoney’s back-to-back ‘Best Digital Bank’ in PH

 

“Digital prowess to do good.”

This is what captured the attention of the 2021 AsiaMoney Best Bank Awards for hailing the Rizal Commercial Banking Corporation (RCBC) as its back-to-back Best Digital Bank in the Philippines for two consecutive years.

The prestigious award-giving body specifically lauded RCBC’s recent efforts in using the bank’s digital finance solutions and platforms, particularly the financial inclusion super app DiskarTech and ATM Go, to facilitate and accelerate the government’s work in disbursing financial aid nationwide as part of its social protection program at the height of the pandemic.

Aside from disbursing social benefits during the pandemic, DiskarTech also facilitated the digitalized crediting of the SSS loan proceeds and other benefits directly to the members’ DiskarTech accounts registering a 110-percent growth month-on-month.

DiskarTech: The Filipinos’ journey towards financial inclusion

Jev dela Cruz, 21, was one of an estimated 51.2 million adult Filipinos nationwide who are considered unbanked by the Bangko Sentral ng Pilipinas (BSP). Then came Diskartech, Rizal Commercial Banking Corporation’s (RCBC) financial inclusion super-app that allowed him to open a basic savings account sans the complicated process of opening one.

“If you ask a Filipino why they’re unbanked, many will say it’s because they don’t have enough money to open an account. DiskarTech allows anyone to open an account without a balance, maintain an account without a balance, and have no dormancy fees,” said Lito Villanueva, RCBC’s Executive Vice President, and Chief Innovation and Inclusion Officer.

Now, Jev and millions of other Filipinos have access to various financial services through the app that allows them to become truly resourceful or madiskarte.

DiskarTech is the new disbursement platform of choice for Filipinos

 

Rizal Commercial Banking Corporation’s (RCBC) financial inclusion super app DiskarTech is gaining ground as a preferred disbursement platform of Filipinos for social aid, loans proceeds, dividends, and other digital payments.

In the last two months, DiskarTech averaged 83% in month-on-month growth in volume of received funds from Social Security System (SSS).

Value of cash disbursements by the state-run insurer to DiskarTech also grew an average of 77% in the last two months, from March to April and April to May.

Meanwhile, real-time crediting of dividends payments of Manila Electric Company (Meralco) is now available for stockholders who appoint DiskarTech as their settlement account.

DiskarTech partners with digital payments gateway PayMongo

RCBC’s inclusion super app DiskarTech has teamed up with digital payments gateway PayMongo to expand the reach of its financial products and services.

PayMongo is a Filipino startup that offers various payments solutions that will help micro, small, and medium enterprises (MSMEs) give their clients access to payment options that are safe, fast, and efficient. With PayMongo, DiskarTech will be able to offer more seamless payment solutions to individuals and MSMEs using the app for financial transactions, without the need for elaborate paperwork. 

“What is really striking is that the PayMongo team has that clarity of vision. Much like their goal, DiskarTech is also rooted in creating products and services that are easy to understand. We’re all about breaking barriers. Less complex processes will encourage more Filipinos to use the app. With PayMongo, we’re looking forward to breaking some more barriers,” said Lito Villanueva, Executive Vice President and Chief Innovation and Inclusion Officer of RCBC.

DiskarTech partners with Viber, launches online community for financial inclusion

Rizal Commercial Banking Corporation’s (RCBC) financial super app DiskarTech has launched its own Viber community.

The Madiskarteng Pilipino Viber community was created as part of RCBC’s efforts in expanding its financial literacy programs and promoting inclusion with its innovative digital banking products and services. The community features timely investment and savings tips that everyone can enjoy, as well as inspiring testimonials and quotes members can learn from. True to its DiskarTech roots, the Viber community uses Taglish language in order to reach and empower more people.

DiskarTech is also the first financial institution to offer a free Viber sticker pack to make financial education more entertaining and relatable to millions of users of the popular messaging platform.

RCBC disburses SSS loans, benefits, aids OFWs via DiskarTech app

 

The Rizal Commercial Banking Corporation (RCBC) continues to push for financial inclusion by strengthening its partnerships with various government institutions.

Members of Social Security System (SSS) can now enjoy convenient disbursements of funds through the bank’s online platforms.

Yuchengco-owned RCBC has leveled up its partnership with the government pension fund and now offers the RCBC Online Retail (ROR) as a platform where SSS members can get their benefits and loan proceeds in the comfort of their own homes.

Registered members only need to enroll their RCBC account numbers by logging into their SSS account at https://member.sss.gov.ph/members/ and choosing RCBC as the bank partner.

RCBC, Multisys to bring an all-in-one virtual banking app

Rizal Commercial Banking Corporation (RCBC) has partnered with software and IT solutions provider, Multisys Technologies Corporation, to power the country’s first financial inclusion accelerator virtual bank, DiskarTech. PLDT invested P2.15 billion in Multisys for a 45.73% interest last year.

Through DiskarTech: Kasosyo sa Asenso, RCBC will soon bring banking services and products closer to unbanked Filipinos and grassroots communities. This is in line with the commercial bank’s efforts to further promote financial inclusion in the country.