DiskarTech Eyes OFWs, Teachers, Entrepreneurs For New Digital Products

By Bianca Cuaresma, Business Mirror

Rizal Commercial Banking Corporation (RCBC)-powered DiskarTech app is targeting key labor groups in their latest string of new products launched. 

DiskarTech said they are looking to offer digital financial products mainly for Overseas Filipino workers (OFWs), teachers, entrepreneurs and low-wage earners. 

In particular, DiskarTech launched a basic deposit account and insurance products for teachers through the Gabay Guro mobile app of the PLDT-Smart Foundation.

“Teachers can now avail of the financial products of DiskarTech without even leaving their houses. It is a one-stop shop. It’s like you guys going to school and then going to work and then going to the bank at the same time,” Gabay Guro Chairman Chaye Cabal-Revilla.

For OFWs, DiskarTech said they are looking to offer in-app loans.

Up to P500,000 can be borrowed by land-based and seafaring Filipino workers abroad.

No collateral shall be required and loan terms can be as long as 12 months.

DiskarTech also recently launched a new microinsurance targeting micro, small and medium enterprises (MSMEs) that includes fire cash assistance among its coverage.

“The past year has been an extraordinary time, and to this day, the extraordinary spirit of the Filipino worker continues to drive our recovery in this global pandemic. We at DiskarTech are grateful to our partners who are also committed in uplifting the lives of our unbanked and underserved kababayans,” said RCBC President and CEO Eugene Acevedo.

See full story here.