By BMPLUS
Undisputed and leading digital challenger bank Rizal Commercial Banking Corporation (RCBC) through its digital banking app RCBC Digital was hailed as Philippine’s Best Digital Bank by World Economic Magazine. The award is a recognition of RCBC’s outstanding performance as they hurdled business challenges and forwarded innovative solutions amid ongoing recovery due to the pandemic.
RCBC Digital aims to help the Philippines as the country transitions to a cash-lite, digitally-inclusive financial ecosystem. RCBC Digital features person-to-merchant QR payments use cases, the in-app UITF placement, mobile check deposit, and the Philippines’ first digital concierge, among others.
“RCBC Digital continues to be every Filipino’s most convenient and reliable digital bank and partner in their daily lives. This recognition energizes and pushes us more to continue developing innovative digital solutions to ease the lives of our valued customers,” said Lito Villanueva, RCBC Executive Vice President and Chief Innovation and Inclusion Officer.
RCBC Digital is one of the services and products that provide a whole digital ecosystem experience including RCBC DiskarTech, RCBC ATM Go, and RCBC MoneyBela. RCBC DiskarTech is a pioneering financial inclusion app that offers a wide array of financial services such as the opening of a basic deposit account that lets individuals’ savings earn 3.25 percent interest per annum, fund transfers for only 8 pesos to any bank and e-wallets, mobile loads, telemedicine, insurance, and micro-loans.
RCBC DiskarTech and ATM Go, the Philippines’ first neighborhood ATM, were the financial digital cornerstones of RCBC’s collective response to COVID-19 that aided DSWD and DOLE in the distribution of financial assistance to Filipinos in hard-to-reach and geographically isolated areas in the Philippines. RCBC ATM Go has the most extensive reach covering all 82 provinces nationwide with its handheld devices being facilitated by over 1,000 merchant partners. Lastly, RCBC MoneyBela Barangayan Banking fuses digital prowess and empathy as the first physical-digital (phygital) banking experience that facilitates financial transactions even to far-flung communities of the country.