MoneyHero Limited has announced a partnership with Rizal Commercial Banking Corporation (RCBC) through RCBC’s card servicing entity, RCBC Bankard Services Corporation (RCBC Credit Cards).
The collaboration will see MoneyHero incorporate a range of credit cards by RCBC, including rewards, lifestyle, travel, and premium options, onto its digital platform. This integration aims to enable Filipinos to discover, compare, and apply for credit cards that suit their financial requirements.
This alliance expands MoneyHero’s credit card offerings within the Philippines. This partnership intends to improve customer experience and widen access to personal financial solutions.
It does so by integrating MoneyHero’s digital expertise with RCBC’s expansion in consumer finance. Together, they aim to contribute to a more digitally-enabled financial environment for Filipinos.
Rohith Murthy, CEO of MoneyHero, commented on the partnership. He stated that the integration of RCBC’s credit card offerings with MoneyHero’s platform is intended to help Filipino consumers in their financial decisions.
The partnership also helps MoneyHero achieve its aim of simplifying financial decisions for consumers. Concurrently, it assists bank partners with their digital acquisition strategies.
Arniel Vincent B. Ong, President & CEO of RCBC Credit Cards, expressed that the partnership will facilitate offering RCBC’s credit cards through a digital experience.
He mentioned the growth of RCBC’s credit card business. This included a 48% increase in receivables and a 21% rise in cards in force in 2024. Ong believes this growth positions RCBC as a partner for MoneyHero’s presence in the country.
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