Bayad and RCBC, renews partnership, enabling seamless digital financial solutions

CHAMPINONG DIGITAL FINANCIAL INCLUSION: Executives of Bayad and RCBC on their partnership signing. Seen in the photo (from L-R) are Bayad Financial Institutions Account Manager Lulu Dela Cruz, Bayad President and CEO Lawrence Y. Ferrer, RCBC DiskarTech Executive Vice President & Chief Innovation and Inclusion Officer Lito Villanueva, and RCBC Vice President & Head of Usage and Strategic Businesses Michael Christopher Cruz.

The pioneer brand in the outsourced payment collection system in the Philippines, CIS Bayad Center, Inc. (Bayad) has renewed its partnership with Rizal Commercial Banking Corporation (RCBC), enabling inclusive financial services through RCBC Diskartech and RCBC ATM Go.

DiskarTech inks deal with Asialink for loans marketplace

Lending institution Asialink Finance Corporation (AFC) is now the pioneer partner of the DiskarTech financial super app for the Philippines’ first loans marketplace offered by a local universal bank.

Rizal Commercial Banking Corporation (RCBC) has signed a memorandum of agreement with AFC, one of the country’s premier lenders, to forge this historic loan service partnership.

"Asialink Finance Corporation is here to provide its expertise on financing solutions for the mobile Filipino entrepreneurs and individuals who need assistance in achieving their dreams during these uncertain times through RCBC's DiskarTech app," Robert B. Jordan, AFC Chief Executive Officer, said.

RCBC harnesses technology for digital natives

Today’s young generation of digital natives has been using their smartphones and internet-enabled devices not only to access information, but to explore what technology can offer, especially when it comes to managing their finances and growing wealth.

Driven by this behavior, younger and tech-savvy consumers tend to switch accounts with different banks more often. In the 2019 Consumer Digital Banking Survey conducted by PricewaterhouseCoopers (PwC), 21% of respondents had planned to open a new deposit account that year, including 46% of Gen Zers and 26% of millennials.  Survey data also indicates that younger consumers are more likely to open an account based on experiential factors, and not necessarily interest rates.

QR enables payment convenience

In today’s digital age, young consumers are steadily adopting the use of QR codes in banking transactions and as a payment option for the simplicity and convenience they offer.

Compared to using debit or credit cards, using QR codes to pay for products and services is faster, more secure and hassle-free. One simply needs to scan the code using a smart phone to initiate the payment transaction. Its faster and easier compared to taking out one’s card from the wallet, swiping it at the counter, and signing the charge slip.

Now, RCBC clients can experience the same level of convenience and security when they use the bank’s enhanced mobile banking app for cashless, fast and hassle-free bills payments and fund transfers by allowing users to enroll billers and beneficiaries and schedule recurring payments and transfers directly in the app.

Deposit and Drive with RCBC

Believe you can turn your savings into your dream car with RCBC and RCBC Savings Bank’s (RSB) new Deposit and Drive promo.

Six units each of brand new Isuzu mu-X SUVs and Honda Civic Sedans are up for grabs. The more you save with RCBC and RSB, the more chances you get of winning in the raffle draw. Turn your saving woes into the ultimate grand prize!

Simply earn a raffle entry by depositing “fresh funds” into your new or existing account, and maintaining the minimum average daily balance of at least Php 50,000 for your personal account and Php 500,000 for your corporate account. The final number of raffle entries per account will depend on the cut-off period.

RCBC advocates bank consumer protection with latest online campaign

As today’s banking consumers shift to digital, RCBC wants Filipinos to make wise and careful choices in their transactions. While going online makes everyday activities easier and convenient, it also exposes accounts to risks which is why it is always important to take precautions to protect one’s personal information.

To remind everyone to be proactive in securing their bank accounts, the Yuchengco-led bank introduces a team of safety-savvy individuals, The Unstealables, to show the importance of keeping financial data secure both online and offline. With this unique trio, RCBC highlights the responsibility it shares with clients in keeping the integrity of their accounts by giving simple tips and smart practices.

Tasked with helping RCBC in educating Filipinos to be responsible and informed banking customers, The Unstealables includes:

RCBC joins industry forum on the future of payment for Filipinos with ePiso

RCBC took part in the recent The Future of Finance, Philippines 2018 conference with the theme “Strong Economy and Vital Innovation for the Philippines”. Organized by The Asian Banker, the annual forum featured discussions on the opportunities and challenges in the local banking market, how to reach the unbanked through digital technology, and how to successfully usher the country into the new era of digital banking.

A set of global speakers and panelists, including RCBC first senior vice president and head of digital banking group Margarita Lopez, presented case studies and best practices among more than 200 bankers, financial services professionals, policymakers, investors, innovators, regulators, academics, local, and international business leaders.

During the panel discussion on the Future of Payments for Filipinos, Lopez talked about the RCBC ePiso. “We want to enable easy, secure and convenient electronic payments as part of their day-to-day habits and once we do that, we then become part of their everyday lives,” noted Lopez as she underscored the bank’s mission to become part of consumers’ activities and to enable them with access to digital payments through ePiso.

RCBC Savings Bank launches Dash and Drive raffle promo

As the inflation uptrend continues to impact consumer spending, hefty offers that give more value for money are a welcome breather.

RCBC Savings Bank (RSB) introduces the Dash and Drive raffle promo, where a free dash cam and a chance to win an all-expense-paid 4 days/3 nights trip for 2 to Bangkok awaits buyers of brand-new cars at selected Honda and Isuzu dealerships.

To earn an electronic raffle entry, visit any participating Yuchengco Group of Companies’ (YGC) Honda or Isuzu dealership and avail of an RSB auto loan worth at least P300,000. A free dashcam is given to those with a minimum loanable amount of P850,000 and a loan term of at least 3 years.

RCBC MyWallet Powers First ESports League

Virtual Card empowers gamers’ online experience with easy online payment option

History has been made with the announcement of Rizal Commercial Banking Corporation (RCBC)’s partnership with the country’s first-ever franchise-model mobile and desktop e-sports league, The Nationals. This is the first time that a local financial institution has officially supported such an event, recognizing electronic gaming community as one of today’s fastest growing e-commerce markets.

RCBC widens its online fund transfer network, offers lower interbank transfer rates with Instapay

Many Filipinos today are turning to various digital platforms to make their everyday transactions quick and easy. Even local companies and organizations are shifting to online channels with programs that provide convenience and efficiency for their consumers.

Recently, the Bangko Sentral ng Pilipinas (BSP) has introduced the National Retail Payment System (NRPS) framework to help create a safe, efficient, affordable and reliable electronic payment system that is interconnected and interoperable, to pave the way for the country’s transition to a cash-lite economy.

In support of this endeavor, RCBC further elevates its services to bring a more efficient and affordable way of sending and receiving money anytime and anywhere in the country, with Instapay. Through this partnership, RCBC expands its network for interbank fund transfer to more than 20 financial institutions - including Bancnet banks and Instapay partners – enabling their clients to do real-time electronic payments & credit transfers.

Mapúa students enjoy cashless convenience with RCBC MyWallet ID Card

From meeting new friends to learning new things, students have a lot to look forward to as soon as they enter the university. However, much is also expected from this new generation. 

As young adults who will soon help grow the country’s economy, it is important that these individuals are educated, empowered, and financially literate. And taking the lead to begin their financial journey, RCBC ties up with Mapúa University to introduce a dual purpose MyWallet–Mapúa ID to all its freshmen students for the upcoming academic year.

5 ways you can protect your online banking details

Digitalization has certainly helped many young adults to manage their finances to keep pace with the demands of their active and busy lifestyles. From enjoying cashless transactions, to conveniently booking movie tickets and paying necessary bills, most of the millennials’ activities can now be done with just one click or tap on their smartphones.

As most banks now offer online banking, many Filipinos can experience transacting on-the-go or at the comfort of their homes. Unlike traditional banking, going online also provides you with an easier way to save and track where you are spending your money.

RCBC rolls out first ever online FX platform

RCBC has just become the first bank in the country to offer an online foreign exchange platform, that allows their existing clients and accountholders to buy and sell currency online.

The Online FX Trading Platform is currently the only foreign exchange execution platform in the country that can be accessed using the web, eliminating the need for face-to-face or over-the-phone transactions when exchanging foreign currency.

RCBC Savings Bank awards winners of Save Up and Fly promo

In photo: L-R: Francis Vincent R. Berdan (RSB Retail Banking Group Head),
Arcelie Watiwat and Arlyn Watiwat (Trip to HongKong Winners),
Mela Cojuangco (Representative of Trip to Europe Winners),
Maria Lourdes Rivera (Trip to Singapore Winner),
Rommel S. Latinazo (RSB President and CEO), Jerry Arconado
(Representative of Trip to Europe Winners), Maria Vilma U. Garganera
(Representative of Trip to Malaysia winners)
and Guilberto K. Benedicto (RSB Product Sales and Support Division Head).

Lucky winners of RCBC Savings Bank’s (RSB) Save Up and Fly promo will soon fly to their dream travel destinations this 2018. By simply saving up, winners get to enjoy an all-expense paid trip for two to Europe, Hongkong, Malaysia and Singapore. Aside from travel packages, pre-loaded RSB MyWallet Visa Prepaid cards were also given out.

Fifteen depositors were drawn from the raffle last April 23, 2018. RCBC Savings Bank President and CEO, Rommel Latinazo awarded the winners, together with the head of Retail Banking Group, Mr. Francis Vincent Berdan, and head of Product Sales and Support Division, Mr. Guilberto Benedicto during the awarding ceremony last June 7.

RCBC promotes financial inclusion among farmers, brings ePiso to Bukidnon

RCBC brings ePiso, the country’s first-ever digital money, closer to farmers and agri-businesses in Valencia City, Bukidnon province, following the success of its pilot launch in Muntinlupa City.

The Yuchengco-led bank is elevating its efforts in support of Bangko Sentral ng Pilipinas’ goal of financial inclusion. It taps its subsidiary, Rizal Microbank, to reach out to local microenterprises and small businesses in the agricultural sector and enable them to have better access to financial loans as it introduces RCBC ePiso to farming communities in Bukidnon.

RCBC creates first-of-its-kind ‘ePiso’ Digital Cash

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.

RCBC Net Income for 2017 at P4.3 billion, up 11%

Rizal Commercial Banking Corporation posted an unaudited consolidated Net Income of P4.3 billion for the year ended 2017, 11.4% higher than the P3.9 billion reported in 2016.

Net income in the fourth quarter alone grew by 146% to P904 million compared to P368 million in the same period last year driven by a 27% growth in Net Interest Income and a 19% growth in Non-Interest Income.

RCBC reveals “We believe in you” philosophy

Rizal Commercial Bank Corporation (RCBC), one of the leading universal banks in the Philippines, today unveils its new corporate logo and tagline “We believe in you,” which signals the start of a new era of providing excellent and trusted banking services for Filipinos.

“This milestone signals the arrival of a more committed, refreshed and re-energized RCBC, that is ready to meet the demands of the ever-changing Philippine banking industry,” said RCBC President and CEO Gil A. Buenaventura.

“We believe in you” is not just a tagline for RCBC, but a battle cry to show our unwavering support and trust to the indomitable Filipino spirit. At the same time, this new corporate thrust is meant to encourage Filipinos not only to dream, but to pursue their passions and dreams, and turn them into reality – whether it’s traveling to your dream destination, venturing into a new business, or purchasing a new home or car,” Buenaventura stressed.