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 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.