Rizal Commercial Banking Corporation (RCBC) has partnered with eCurrency Mint Limited to launch its digital money, RCBC ePiso. A first-of-its-kind digital cash in the country, the ePiso is a digitized Philippine peso that enables secure, affordable, fast and efficient mode of mobile payment that provides consumers and businesses an innovative payment solution revolutionizing day-to-day commerce.
The creation of the Digital Secured Stored Value supply has started the transformation of our Philippine peso into a digital fiat currency. The supply creation was led by RCBC President Gil Buenaventura, Asset Management and Remedial Head John Thomas Deveras, Chief Compliance Officer Ana Luisa Lim, Digital Banking Head Margarita Lopez, Chief Technology Officer Jonathan Lumain and Controllership Head Florentino Madonza, in the presence of Bangko Sentral ng Pilipinas (BSP) Deputy Director and Head of Core Information Technology Specialist Group Melchor Plabasan, Supervision and Examination Officer-In-Charge Ma. Belinda Caraan, and Central Point of Contact Department IV Officer-In-Charge Mary Ann Cube. RCBC’s ePiso is piloted under a regulatory sandbox initiative regulatory initiative with the BSP.