Rizal Commercial Banking Corp. (RCBC), the country’s 6th largest lender by assets, has earned regional recognition for its digital banking strategy, underscoring how lenders are increasingly competing on technology and financial inclusion as digital adoption accelerates across the Philippines.
The bank received a “Highly Commended” citation in the Best Bank for Use of Technology category under the Domestic Banks–Philippines segment at the FinanceAsia Awards 2026, recognizing its suite of digital platforms that have expanded access to financial services for underserved Filipinos.
The Hong Kong-based publication, which has honored financial institutions across Asia for more than two decades, cited RCBC’s technology-driven initiatives as benchmarks for banking innovation in the region.
Among the bank’s standout offerings are the country’s first U.S. Virtual Account for Filipinos without a U.S. address or residency through RCBC Pulz, the MySSS Mastercard Debit Card powered by RCBC DiskarTech, and Southeast Asia’s first manual cash withdrawal service for both international and domestic tourists via RCBC ATM Go. The products were developed to address persistent financial inclusion gaps, with World Bank data showing that only about half of Filipinos owned a basic deposit account as of 2025.
“We are honored by FinanceAsia’s recognition of RCBC’s digital transformation efforts,” said RCBC President and Chief Executive Officer Reggie Cariaso. “Our purpose-led and value-driven innovations ensure that we don’t innovate for innovation’s sake, but focus on solutions that create meaningful impact for Filipinos.”
The recognition comes as Philippine banks race to deepen their digital ecosystems, moving beyond mobile banking into embedded finance, digital payments, and alternative banking channels to reach previously underserved markets.
RCBC said its flagship digital platforms continue to register strong growth in users and transaction volumes, reflecting the country’s accelerating shift toward digital financial services.
Executive Vice President and Chief Innovation and Inclusion Officer Lito Villanueva said the award validates the bank’s efforts to make banking more accessible and inclusive. He added that RCBC will continue investing in digital solutions that broaden financial access and support the country’s financial inclusion agenda.
