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RCBC Reports Exponential Surge in Contactless Payments in the Past Year
Rizal Commercial Banking Corporation (RCBC) announced that it witnessed massive growth in its digital payments volume in the past year. The value of InstaPay and PESONet fund transfers of RCBC Online and its mobile banking app increased by 293% compared
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Ayannah Partners RCBC to Make Financial Inclusion Push
Ayannah a Filipino fintech startup that provides affordable and accessible digital financial services will be providing its open banking and omnichannel distribution platform to Rizal Commercial Banking Corporation (RCBC)’s mobile app Diskartech. With this partnership, Diskartech users will be able
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Labor Department and RCBC to Disburse Funds for Displaced Filipino Workers
Rizal Commercial Banking Corporation (RCBC) and the Department of Labor and Employment (DOLE) will collaborate for an efficient and quick digital disbursement of cash assistance to displaced local and overseas workers affected by the COVID 19 pandemic. The funds will
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20 Top Emerging Digital Finance Players to Watch in the Philippines
Though in the Philippines fintech is still in the infancy stage, adoption of digital financial services is on the rise. COVID-19 is further accelerating consumers’ shift to digital channels. A survey conducted earlier this year by PayPal showed that 87%
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Redefining Finance for Good: COVID-19, a Catalyst for Inclusive Digital Finance
The current COVID-19 health crisis is unprecedented in its scope, impacting all countries and the world’s economy at large. In banking, COVID-19 has accelerated the shift to digital, pushing customers towards mobile banking and contactless payments. For financial institutions, COVID-19
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Improved Financial Inclusion Key to Philippines’ Economic Recovery
Bangko Sentral ng Pilipinas’ (BSP) Governor Benjamin Diokno indicated that improving the financial inclusion landscape can aid in the recovery of the domestic economy from the pandemic. In a taped speech during the Pru Life UK Online Investment briefing, he
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Philippines Central Bank Inches Closer to Issuing New Digital Banking Regulation
The Bangko Sentral ng Pilipinas (BSP) is planning to issue later this month a new circular on the establishment of digital banks, BSP deputy governor for banking supervision and examination Chuchi Fonacier told the Inquirer on September 2. For his
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Fintech Report Philippines 2020: Mapping out the Fintech Philippines Ecosystem
The Philippines’ fintech ecosystem is brimming with innovation with a vibrant mix of entrepreneurs attempting to fill in the gap within the financial system. Despite the strides that the country has made in this space, the Philippines’ narrative has often
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Philippines’ RCBC and DTI To Enable Digital Payments For Micro-Businesses
Rizal Commercial Banking Corporation (RCBC) and the Department of Trade and Industry (DTI) has partnered to create DiskarTech’s NegosyanTech programme to digitalise community-based microenterprises in every barangay nationwide through partnership and ecosystem building. More than 1.3 million sari-sari stores (a
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RCBC Expands Its Payout Network to Include Those Without Mobile Phones in Rural Areas
Rizal Commercial Banking Corporation (RCBC) said that it is closer to its target of covering all provinces of the country with handheld automated teller machines (ATM) as the bank beefs up the payout partner network through its ATM Go service.
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