RCBC named PHL’s Best Digital Bank 2020 by Asiamoney; bags its third digital banking award during the pandemic (Business Mirror)
For its recent digital efforts for inclusive and accessible digital banking during this pandemic, Rizal Commercial Banking Corporation (RCBC) was named 2020 Best Digital Bank in the Philippines by Asiamoney, besting all other banks in the country.
Asiamoney, a financial publication established in 1989, cited the introduction of DiskarTech inclusion super app that helped ease the burden of the Filipinos during the Coronavirus pandemic as a determining factor in conferring the award to RCBC.
“One of the biggest projects RCBC developed over the past year was a Taglish app, which combines English with Tagalog. RCBC’s previous apps, like those from other banks, targeted more affluent users and were only in English. But DiskarTech, as the app is called, takes banking to the masses,” the award-giving body said in a statement.
The DiskarTech app allows users to open a digital savings account that requires no initial deposit, maintaining balance or dormancy fees. It also offers digital financial services like bills payment, cash in, cash withdrawal, airtime and gaming e-load, fund transfers, telemedicine, and insurance, among others.
“As a key player in the industry, we commit ourselves to proactively adjust our services to the public’s fast changing needs. The introduction of the DiskarTech app is part of our continuing commitment to provide relevant and responsive digital solutions across segments and sectors, making it inclusive, innovative, and interoperable,” said Eugene S. Acevedo, RCBC president and CEO.
Recently, The Philippine FinTech Report 2020 published by FinTech Singapore, stated that “In less than two months, RCBC’s DiskarTech saw more than 2 million downloads and topped the charts in August, beating out GCash who had consistently maintained leadership in the past.” The warm acceptance of its target market saw the quick adoption of the super app by more Filipinos.
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