The Palawan Group of Companies has partnered with Rizal Commercial Banking Corporation (RCBC) to launch PalaSave, a digital savings feature designed to make banking more accessible to millions of Filipinos.
Unveiled on March 24, PalaSave is integrated into PalawanPay through RCBC’s DiskarTech platform. The partners aim to onboard at least one million users, targeting underserved communities with limited access to traditional banking services.
Palawan President and CEO Karlo Castro said the initiative aligns with the company’s mission to expand financial inclusion. “At Palawan, we are guided by a simple purpose—to make financial services more accessible to everyday Filipinos,” he said.
PalaSave allows verified users to open a savings account with no initial deposit and zero maintaining balance. Customers can start saving with as little as P200 and earn up to 4 percent interest annually.
Castro added that combining RCBC’s banking capabilities with Palawan’s nationwide footprint enables a service that is both secure and widely accessible.
RCBC President and CEO Reginald Anthony Cariaso described the rollout as a “fundamental shift” in how banking services are delivered.
By embedding DiskarTech into PalawanPay, the feature extends savings access to more than 23 million users without requiring branch visits or additional app downloads.
As of March 19, PalaSave had already attracted over 66,000 depositors, signaling early traction as the platform seeks to promote financial resilience among Filipinos.
