Rizal Commercial Banking Corp, (RCBC), the banking unit of the Yuchengco Group, and the state-owned pension fund Social Security System (SSS) are rolling out a new digital microloan offering aimed at expanding access to affordable credit while curbing reliance on informal lenders.
Dubbed SSS Loan Lite, the facility will allow eligible members to apply for short-term loans through RCBC’s DiskarTech platform, with instant disbursement and streamlined repayment. The product is positioned as a lower-cost alternative to loan sharks, particularly for underserved and unbanked workers.
The initiative was unveiled during the launch of an on-ground activation campaign at SSS Diliman in Quezon City, marking the start of a nationwide push to onboard members into digital financial services.
Through the program, SSS members can access a bundled set of services, including MySSS account management, mobile banking via DiskarTech, and a Mastercard debit card for cashless transactions. RCBC will also deploy physical touchpoints in SSS branches to assist users with onboarding, financial education, and navigation of digital tools such as savings, payments, remittances, and loan applications.
SSS President and CEO Robert Joseph M. de Claro said the partnership aims to modernize service delivery while ensuring inclusivity. “We are making financial support faster, simpler, and more secure through technology,” he said.
RCBC executive Lito Villanueva said the hybrid approach—combining digital platforms with physical engagement—targets Filipinos still reliant on cash and over-the-counter transactions.
“Physical spaces remain critical in bridging the gap for those not yet fully connected to digital banking,” he said.
The rollout reflects a broader strategy by RCBC to deepen financial inclusion through partnerships with government agencies, as digital banking adoption accelerates but gaps persist among lower-income and rural populations.
