MANILA, Philippines — Rizal Commercial Banking Corp. (RCBC) has launched a super app dubbed DiskarTech to provide sachet banking services to millions of unbanked and underserved Filipinos, especially those living in grassroots communities.
RCBC chairperson Helen Yuchengco Dee said the launch was part of RCBC’s commitment to support the Bangko Sentral ng Pilipinas (BSP) to improve financial inclusion in the country.
“The change brought about by the new normal has challenged us to be even more relevant as we move forward in this new way of banking. DiskarTech will be our legacy to the young and tech-savvy Filipinos,” said Dee.
RCBC president and chief executive officer Eugene Acevedo said not even the novel coronavirus disease 2019 or COVID-19 pandemic could derail the bank’s financial inclusion program.
The country’s first all-in-one “Taglish” inclusion in DiskarTech would help scale consumer adoption.
“Our aim has always been to scale consumer adoption by making DiskarTech simple. It talks to every ordinary consumer using Taglish, a language that is easy to understand and almost everyone uses comfortably,” RCBC executive vice president and chief innovation and inclusion officer Lito Villanueva said.
DiskarTech users can easily and quickly create their own basic deposit accounts through one-time registration via an electronic know-your-customer digital process
Opening a DiskarTech digital savings account does not require an initial amount or maintaining balance. Users can also enjoy 3.25 percent interest.
Other DiskarTech features include cardless ATM withdrawals, deposits and cash out from thousands of agent partners nationwide, including fund transfers, with just a few clicks on the app.
The app’s services also include bills payments to major billers and government services, telemedicine, purchase of airtime load and gaming pins, quick response (QR) code transfers, among others. More services will be introduced soon, such as microinsurance and skills marketplace for enterprising Filipinos.