Rizal Commercial Banking Corporation (RCBC) through its financial inclusion superapp RCBC DiskarTech joined the Department of Social Welfare and Development (DSWD) in celebrating the department’s program gains and partnership success during the 2022 Partnership Festival at the DSWD Central Office Auditorium in Quezon City. During the event, DSWD and RCBC formalized the partnership through a ceremonial signing of Memorandum of Understanding (MOU).
On December 2, 2022, DSWD gave recognition to its partner agencies and companies including RCBC in the undertaking of Pantawid Pamilyang Pilipino Program (4Ps). The partnership was sealed during the Memorandum of Agreement and Understanding signing among RCBC, Save the Children Philippines (SCP), East West Seed Foundation, Inc. (EWSF). The event was attended by DSWD Undersecretary Jerico Javier, and Director Gemma Gabuya, as well as partners DOLE Undersecretary Benjo Benavidez, DILG Undersecretary Rolando Puno, Quezon City Mayor Joy Belmonte and RCBC VP – Head of Usage and Strategic Businesses Michael Cruz.
The award-winning bank fast-tracked the distribution of assistance to Filipino families through its trailblazing digital solutions like the first Taglish-Cebuano financial mobile app RCBC DiskarTech, and the first kapitbahay automated teller machine RCBC ATM Go, and the recently launched RCBC Moneybela Barangayan Banking “phygital” (physical-digital) blended banking experience in hard-to-reach areas.
DSWD expressed its gratitude to RCBC for its commitment to continue supporting its initiatives such as the 4Ps Program Graduates as well as the use of RCBC’s ATM Go in selected areas nationwide with a goal to not only accelerate distribution, but ultimately onboard the unbanked and underserved sectors of the country.
DSWD also endorsed RCBC DiskarTech as among the digital channels to further promote efficiency, speed, and transparency. Since the pandemic, RCBC is one of the many partners of the department that have served over seven million households to disburse more than Php 25 billion.
“As we embrace a post-pandemic new normal, we congratulate the DSWD for bringing us all together for one common goal. Together, we are working towards a noble financial objective at such a massive scale. We are enthusiastic that we continue to be one of DSWD’s most reliable partners. We continue our commitment to serving our country and our fellow Filipinos in ensuring that the best financial products and services are aligned with their goals and aspirations,” said RCBC Executive Vice President and Chief Innovation and Inclusion Officer Lito Villanueva.
This collaboration is one of the many reasons why RCBC is the bank to beat in the realm of digital financial inclusion and innovations. RCBC DiskarTech was hailed as one of the winners of the sought-after Gartner Eye for Innovation Awards under the Asia-Pacific (APAC) region. RCBC bannered the Philippine flag, beating more than 300 entries in the region. The award recognizes innovative use of digital technology-enabled capabilities, products, or services to highlight best-in-class financial industry initiatives launched within the past 12 months. RCBC was also recognized as the Philippines’ best bank for digital for three consecutive years, 2020 to 2022, by the Asiamoney, and back-to-back wins as the country’s best financial inclusion app in the recently concluded Best Financial Technology Awards by The Asian Banker.