RCBC DiskarTech app empowers unbanked Filipinos with sachet banking services
“Our aim has always been to scale consumer adoption by making DiskarTech simple. It talks to every ordinary consumer using Taglish, a language that is easy to understand and almost everyone uses comfortably,” said Lito Villanueva, RCBC executive vice president and chief innovation and inclusion officer. DiskarTech users can easily and quickly create their own basic deposit accounts through one-time registration via an electronic know-your-customer (eKYC) digital process. Opening a DiskarTech digital savings account does not require an initial amount or maintaining balance. Users can also enjoy 3.25% interest to encourage them to save more. A goal-oriented digital savings feature also allows users to set their life goals through #buhayginhawa. This feature reminds them when to top-up their savings to meet their set goals, like saving for a motorcycle down-payment, or a laptop or mobile phone purchase. Other DiskarTech features include cardless ATM withdrawals, deposits and cash out from thousands of agent partners nationwide, including fund transfers, with just a few clicks on the app. The app’s services also include bills payments to major billers and government services, telemedicine, purchase of airtime load and gaming pins, quick response (QR) code transfers, among others. More services will be introduced soon, such as microinsurance and skills marketplace for enterprising Filipinos. Keynote speakers during the virtual launch included Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno and Department of Trade and Industry (DTI) Secretary Ramon Lopez. Key partners from the government and non-government organizations also expressed their support during DiskarTech’s virtual launching. These included National Privacy Commission Chairman Raymund Liboro, and Insurance Commissioner Dennis Funa, along with officials of Ka-Entrep Micro and Small Entrepreneurs Organization of the Philippines, Philippine Association of Stores and Carinderia Owners, and Liga ng mga Barangays. “For sixty years, RCBC has partnered with every Filipino to serve their financial needs. The change brought about by the new normal has challenged us to be even more relevant as we move forward in this new way of banking. DiskarTech will be our legacy to the young and tech-savvy Filipinos,” said Helen Yuchengco Dee, RCBC chairperson. “I cannot truly say that the coronavirus derailed our plans to bring financial inclusion to the underserved members of our society. Instead, it has brought to light the essential services that is more needed by Filipinos under a new digital economy. We accelerated the addition of features as they prove to be more necessary today. More responsive and more relevant than ever. Finally, DiskarTech is here for every unbanked and underserved Filipino,” added Eugene Acevedo, RCBC president and CEO.