Yuchengco-led Rizal Commercial Banking Corp. (RCBC) has introduced many innovative way to members to ease their banking experience and continue to do so.
RCBC new mobile app highlights the push and pull payments through QR Ph, the government’s national QR code standard promoting interoperability across payments providers in the country. While online time deposit placement of up to P10 million or US$200,000, and online check deposit for On-us checks, among others.
Now, it also allows in-app enrollment with newly improved security features such as biometrics log-in, one-time password verification, and device registration where account can only be accessed on registered devices.
On the other hand, the web version of RCBC Online Banking can now facilitate multi-currency foreign exchange or buy-and-sell supporting various currencies such as Chinese Yuan, Euro, British Pound, Hong Kong Dollar, Japanese Yen, Singapore Dollar, and US Dollar; and online government payments via PESONet in partnership with the Land Bank of the Philippines.
In a recently released study of the United Nations-based Better Than Cash Alliance it reported that the volume of e-payments usage in the Philippines grew from 1% in 2013 to 10% in 2018, while the value of e-payments rose from 8% to 20% during the same period. The study also revealed that women in the Philippines are ahead of the men in adopting digital payment solutions.
“This clearly shows that people have been receptive of these innovative fintech solutions. By trusting and embracing these solutions, it would surely bring an inclusive and sustainable digital economy,” Villanueva added.
Also, Instapay and PESONet are now offering services of transfer fees through RCBC Online Banking for FREE. Free Instapay transfer fee is now available up to April 15, 2020. For Free PESONet transfer fees, it will be available to you starting March 18, 2020.
Download the RCBC app now and enroll your account.
Sources: manilastandard.net, techbeat.ph/
Photo Sources: manilatimes.net, gizguide.ph, 2ndopinion.ph, thekeyknowledgebase.com
