Rizal Commercial Banking Corp. said ATM Go, the country’s first community-based and bank-agnostic mobile handheld financial services devices, is now available in 81 provinces nationwide.
RCBC said more than 1,400 ATM Go terminals were deployed through the bank’s more than 1,000 partner merchants across the country. This makes RCBC as having the most extensive reach using handheld devices servicing geographically-isolated and disadvantaged areas.
The bank said that as of end August, ATM Go recorded transactional volume in excess of P6.2 billion, up 32 percent from last year, and a transaction count at over 2 million, 43-percent higher year-on-year.
More than 60 percent of transactions recorded were from 4Ps Pantawid CCT beneficiaries receiving social grants from the government. RCBC also facilitated the digital disbursements of over P20 billion in social grants to more than five million household beneficiaries benefitting about 30 million individuals.
“Grassroots-based sachet banking has always been at the core of RCBC’s inclusive innovations. We are on track in doubling the number of our partner merchants and terminals deployed in the next couple of months as our commitment towards empowering mSMEs as merchants as well as enabling underbanked Filipinos with easy and secure access to financial services anywhere in the country,” said RCBC executive vice president and chief innovation and inclusion officer Lito Villanueva.