Rizal Commercial Banking Corp. of the Yuchengco Group has partnered with Aboitiz-led PETNET Inc. to allow millions of users of the RCBC DiskarTech app to now receive remittances from their loved ones overseas and apply for quick-cash micro loans for as low as P500 with real-time crediting of proceeds.
“The direct remittance and the new quick-cash loan feature will enable Filipinos to access finance solutions wherever they are, whenever they need them. This is our continuous commitment to serve Filipinos with the ease, warmth, and trust we at RCBC pride ourselves on,” RCBC President and CEO Eugene S. Acevedo said.
The partnership between the Yuchengco-led bank and PETNET’s PERA HUB enables digital remittance transfers through PERA HUB’s digital remittance platform, allowing beneficiaries to claim their Remitly, Sendah, and Japan Remit Finance Co. Ltd. remittances through RCBC DiskarTech.
The tie up also allows RCBC DiskarTech users in the Philippines to claim remittances from their loved ones and family members straight to their RCBC DiskarTech account.
Meanwhile, the DiskarTech Loan offers quick and convenient lending services to pre-qualified and verified app users. Those users who have already availed of a P500 loan and successfully paid it off, are eligible to borrow higher amounts in the succeeding DiskarTech Loan.
The new loan is automatically credited in real-time to the user’s RCBC DiskarTech Basic Deposit Account.
“These new features will entice more unbanked and underserved Filipinos from far-flung communities to participate in the cash-lite economy we envision. Through digital financial services done in the comfort of one’s own home, formal banking will now be simple, safe, and fast,” RCBC executive vice president and Chief Innovation and Inclusion Officer Lito Villanueva said.
PERA HUB is the Philippines’ foremost consumer financial services center with over 3,000 locations composed of company-owned and PERA HUB Remit Partner locations nationwide. It provides its customers with a comprehensive scope of reliable financial services in one location.
