BY MB TECHNEWS
In a collaborative effort to empower micro-entrepreneurs and create pathways to enhanced livelihood opportunities, Rizal Commercial Banking Corporation (RCBC) recently awarded Php 120,000 worth of cash prizes, six smartphones, six laptops, and six e-trikes to Quezon City residents who opened basic deposit accounts and transacted in RCBC DiskarTech using their QCitizen ID. Spearheaded by RCBC in partnership with the Quezon City Local Government Unit (QC LGU) led by Mayor Joy Belmonte, the groundbreaking QCitizen IDiskarte promo initiative has successfully facilitated close to 30,000 QCID holders to be onboarded through RCBC’s super app.
With the acceptance of the QCitizen ID as a valid primary ID that can be used to register and open a Basic Deposit Account (BDA) in RCBC DiskarTech, the campaign has made a significant impact to Quezon City residents who majority belong to the unbanked and underserved sector as they have now become part of the formal financial system.
The QCitizen IDiskarte Grand Draw Awarding Ceremony held at the QC City Hall Flag Raising Grounds was attended by key officials from the LGU – Councilor Charm Ferrer, Councilor Kate Coseteng, Councilor Irene Belmonte, Councilor Ellie Juan, Assistant City Administrator Mr. Don Javillonar, Local Economic Investment and Promotions Office Head Jay Gatmaitan, Barangay and Community Relations Department Head Ricardo Corpuz, and City Administrator’s Office LEIPO Head Juan Alonzo IV. Also present in the event were Barangay District Heads Oliviere “Ollie” Belmonte, Atty. Enrile “Bong” Teodoro, and Atty. Thomas John Thaddeus F. De Castro.
Lito Villanueva, RCBC’s Executive Vice President and Chief Innovation and Inclusion Officer, said that the success of the event is a testimony that partnerships between the private sector and the local governments in the country are paramount to the achievement of the Bangko Sentral Pilipinas’ financial inclusion goals.
“We are truly grateful to the Quezon City LGU headed by the diligent and innovative Mayor Joy Belmonte for allowing us to launch socially-relevant financial inclusion initiatives such as the QCitizen IDiskarte promo to materialize President Bongbong Marcos’s vision of achieving a digital Philippine society,” said Villanueva.
District 1 Councilor Charm Ferrer congratulated RCBC for financially empowering individuals and families through cultivating economic opportunities. She lauded the program for being a powerful agent for inclusive growth.
“Financial inclusion lays the groundwork for sustainable national development. The role of financial inclusion does not end in providing universal access to financial services, but to ensure that these services will enhance the well-being of our users,” Ferrer said.
Mayor Joy Belmonte, through a message delivered by LEIPO Head Jay Gatmaitan, congratulated the winners of the QCitizen IDiskarte promo and thanked RCBC for starting initiatives that reflect the national government’s financial inclusion efforts.
“We are grateful for this kind of program, because we still have a lot of unbanked and underserved QCitizens that we can help. By bringing them into the formal financial system, we can fulfill our advocacy for financial inclusion,” said Mayor Belmonte. RCBC has been scaling its digital solutions in local government units to forward financial inclusion and establish digital payments as a norm throughout the Philippines.
RCBC DiskarTech is powered by RCBC, recognized as the Philippines’ Best Bank for Digital for three straight years (2020-2022) by Asiamoney, Grand Champion for Digital Payments and Financial Inclusion by the Bankers Institute of the Philippines (BAIPHIL), and currently ranks 5th among the Philippines’ private universal banks in terms of assets. RCBC DiskarTech has back-to-back wins as Best Digital Transformation Implementation (2021) and Best Financial Inclusion Initiative / Application (2022) by The Asian Banker.
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