Home Tags Posts tagged with "RIZAL Commercial Banking Corporation"
Tag:

RIZAL Commercial Banking Corporation

Business

RCBC expands unlimited free transfers service

by Contributor
written by Contributor

TAGUIG CITY, PHILIPPINES — Rizal Commercial Banking Corporation (RCBC) is reinforcing its commitment to making digital banking more accessible by offering unlimited free InstaPay and PESONet fund transfers through its RCBC Pulz and RCBC DiskarTech mobile banking apps.

Following the launch of unlimited free InstaPay person-to-person (P2P) fund transfers last week, RCBC will extend the same benefit to PESONet starting July 15. All RCBC Pulz and RCBC DiskarTech users will enjoy unlimited free P2P transfers via both InstaPay and PESONet, giving customers greater flexibility to send money, pay bills, transfer funds, and manage both everyday and higher-value transactions without paying transfer fees.

By making the country’s two major electronic fund transfer services free, RCBC continues to remove cost barriers that discourage wider digital payments adoption. The initiative empowers Filipinos to maximize the convenience of digital banking while keeping more of their hard-earned money, further supporting the country’s drive toward a more inclusive and cash-lite digital economy.

“Digital banking should be simple, affordable, accessible, and safe. By eliminating transfer fees across more payment channels, we continue to remove everyday friction and give customers greater value and confidence every time they bank with RCBC,” said RCBC president and CEO Reggie Cariaso.

0 comments
1 FacebookTwitterPinterestEmail
Business

RCBC takes proactive steps amid challenging economic environment

by Contributor
written by Contributor

RIZAL Commercial Banking Corporation (RCBC) is entering the second half of 2026 from a position of deliberate strength, while taking proactive steps to protect its balance sheet ahead of a more challenging macroeconomic environment.

RCBC President and CEO Reginaldo Anthony B. Cariaso said that to prepare for a more volatile rate and credit environment, RCBC has been taking pre-emptive action on multiple fronts.

“My objective remains the same – to protect, scale, and elevate the strong franchise that is RCBC,” Cariaso said during the bank’s 2026 Annual Stockholders’ Meeting held on Monday.

Cariaso said the bank systematically reduced the average duration of its investment securities portfolio from 7.3 years in 2021 to 3.5 years as of the first quarter of 2026, providing a structural buffer against the capital impact of projected interest rate hikes. 

The bank also executed sharp credit portfolio actions, decreasing credit lines in high-risk segments and introducing the CARE Program – an analytics-driven collections initiative for auto and housing loan clients designed to engage customers proactively before they hit financial stress.

On the funding side, RCBC locked in favorable rates ahead of the current hawkish cycle through three major capital market issuances, including USD 350 million in offshore sustainability notes at 5.375 percent in January 2025, P12.21 billion in Series F ASEAN Sustainability Bonds in July 2025, and P20.5 billion in Series G bonds at 6.08 percent in April 2026. These issuances diversified the bank’s funding base and structurally lowered its cost of funds ahead of tightening market conditions.

The bank’s consolidated gross NPL stands at 4.8%, where corporate lending, its largest segment, carries a gross NPL ratio of 2.7% and consumer NPL remains below industry averages. Cariaso also acknowledged the near-term pressures on asset quality in its smallest SME segment, which is undergoing an operational overhaul to remediate its NPL.

“We are navigating a complex and shifting macroeconomic landscape. However, we have been building up our defenses, locking in strategic wins, and fundamentally reshaping our balance sheet to drive sustainable, high-quality growth,” he added.

0 comments
0 FacebookTwitterPinterestEmail
Business

RCBC is sole Asian bank recognized in global whitepaper on financial health and inclusion

by Contributor
written by Contributor

MANILA, Philippines –  Rizal Commercial Banking Corporation (RCBC) has been recognized in a global financial health whitepaper released by Mastercard, highlighting the bank’s leadership in advancing digital inclusion and customer engagement.

The report, Pathways to Financial Health, analyzed consumer behavior, financial access, and usage patterns across multiple markets using pseudonymized transaction data, consumer insights, and financial health indicators.

RCBC stood out as the only bank in Asia featured in the global study, alongside Access Bank Plc, Banreservas, and Nubank.

At the center of RCBC’s inclusion strategy is its digital banking platform DiskarTech, which was cited as a case study for driving meaningful financial engagement. The report found that 61 percent of DiskarTech users progressed beyond basic banking within six months, fueled by gamified features and incentive-based design. It also noted that clients with both credit cards and digital accounts demonstrated higher bill payment activity, while referrals emerged as a key growth driver, with 38 percent of users opening accounts through peer recommendations.

Lito Villanueva, RCBC executive vice president and chief innovation and inclusion officer, said the findings reinforce the impact of purpose-driven digital innovation.

“This validates our approach of building solutions that go beyond access to drive real usage, financial capability, and long-term inclusion. The goal is not just to onboard, but to empower every Filipino to actively participate in the financial system,” Villanueva said.

RCBC president and CEO Reggie Cariaso emphasized that financial health is becoming a defining measure of banking success.

“Financial inclusion today is all about enabling better financial outcomes; not just access. We are committed to leveraging data, technology, and partnerships to build a more inclusive and resilient financial ecosystem where no Filipino is left behind,” he said.

RCBC continues to strengthen its position as a leader in inclusive digital finance, demonstrating how innovation, when anchored on trust and relevance, can drive both growth and meaningful impact.

0 comments
0 FacebookTwitterPinterestEmail
Business

RCBC brings ATM Go to GIDA communities with Starlink-enabled connectivity

by Contributor
written by Contributor

TAGUIG CITY, Philippines — In support of the Bangko Sentral ng Pilipinas’ (BSP) initiative to harness satellite internet connectivity to improve financial inclusion in underserved and geographically isolated and disadvantaged areas (GIDAs), Rizal Commercial Banking Corporation has been scaling up its RCBC ATM Go network powered by Starlink.

RCBC ATM Go, the bank’s community-centric, “kapitbahay ATM” solution, brings essential banking services closer to Filipinos who lack convenient access to traditional banking infrastructure. Now available in thousands of partner merchant locations nationwide, ATM Go terminals enable cash withdrawals, deposits, fund transfers, bill payments, mobile load purchases, and remittance collection at trusted local hubs such as sari-sari stores, cooperatives, and rural shops.

“Sustainable financial inclusion demands more than products; it requires connectivity,” said Lito Villanueva, RCBC executive vice president and chief innovation and inclusion officer. “By adopting satellite internet as a backbone for service delivery in remote and GIDA communities, RCBC is delivering on the promise of inclusive digital banking for all Filipinos.”

According to RCBC, approximately a quarter of the bank’s nationwide network of ATM Go merchant partners rely on Starlink satellite connectivity to operate in areas where traditional telecommunications infrastructure is absent or unreliable. This strategic adoption supports the BSP’s broader objective of closing the digital divide and catalyzing digital payment adoption outside major urban centers.

With Starlink’s low-latency, high-availability coverage, RCBC’s ATM Go terminals extend financial services to communities across all 82 Philippine provinces, including southern Mindanao regions historically challenged by network connectivity gaps. RCBC’s ecosystem approach empowers trusted community merchants to become local financial touchpoints, fostering convenience and economic activity at the grassroots.

This satellite-enabled deployment aligns with the BSP’s recent move to coordinate with the Department of Information and Communications Technology (DICT) on leveraging satellite infrastructure to boost digital banking and payment adoption where traditional infrastructure is lacking.

RCBC ATM Go has earned multiple industry recognitions for its impact and innovation, including ‘Outstanding Digital Innovation in SME Banking – Highly Acclaimed’ at the Global SME Banking Innovation Awards, ‘Agent Banking Initiative of the Year’ at the Asian Banking & Finance Retail Banking Awards, and ‘Best Customer-Centric Product’ at the Bank Marketing Association of the Philippines Awards. The Philippines’ first “kapitbahay ATM” also recently bagged two Anvil Awards for excellence in Sustainability and Financial Communications.

0 comments
0 FacebookTwitterPinterestEmail
Business

RCBC credit cards sustain growth amid strong holiday spending

by Contributor
written by Contributor

THE RIZAL Commercial Banking Corporation (RCBC) continues to sustain strong growth in its credit card business, driven by increased spending among premium clients and a growing base of loyal cardholders who value elevated experiences, convenience, and everyday rewards.

As of the third quarter of 2025, RCBC’s issuing billings have risen by 32 percent year-on-year, while receivables have expanded by 37 percent, reflecting steady consumer confidence and sustained retail activity. The bank now serves over 1.4 million active credit cardholders, marking a 19-percent increase from the same period last year.

“RCBC Credit Cards continue to appeal to discerning customers who expect more from their cards, whether that means access to exclusive dining privileges, worry-free travel, or instant rewards with every purchase. In addition, our cardholders have the ability to manage their credit card accounts at their fingertips with the RCBC Pulz app, which provides 24/7, real-time access to payment management features such as on-demand installment purchase conversion (Unli Installment) and the ability to use the card’s limit to pay sellers who do not accept card payments (UnliPay). Our expanding customer base reflects the strong confidence our clients place in the RCBC brand,” RCBC Credit Cards president and CEO Arniel Vincent B. Ong said.

Cardholders are spending more on experiences this holiday season, with the most notable growth seen in travel, dining, and e-commerce categories. Purchases of electronics and gadgets have also seen an uptick as customers take advantage of year-end sale events and installment offers.

Digital adoption remains a major growth driver. Digital acquisitions have grown by 88 percent year-on-year and usage of card features such as Unli Installment and UnliPay in the RCBC Pulz app remains strong  RCBC is also among the first banks to enable Mastercard and Visa credit cards in Google Pay, enabling faster and safer payments for its credit cardholders..

RCBC continues to enhance cardholder experience through meaningful rewards and lifestyle benefits. such as lounge access, free fast food treats,  grocery and dining discounts, and cashback rewards for installment purchases. New customers can also avail of the No Annual Fee for Life offer of the bank. 

The Yuchengco-led bank’s credit card portfolio remains the largest contributor to its consumer lending business, accounting for 39 percent of total retail loans.

Currently ranked as fifth largest privately-owned bank in the Philippines,  RCBC continues to drive innovation through customer-focused, technology-driven solutions that enhance overall customer experience. Through RCBC Credit Cards, the bank remains a partner for its clients’ passion, focused on delivering innovative financial solutions and superior customer experiences. With a comprehensive suite of products tailored to every lifestyle, RCBC Credit Cards offers exclusive perks, travel privileges, and flexible payment options that empower cardholders to live out their passion.  RCBC Credit Cards sets industry standards through its commitment to security, convenience, and continuous product innovation. For more information, visit rcbccredit.com or follow RCBC Credit Cards on social media.

0 comments
0 FacebookTwitterPinterestEmail
Verified by MonsterInsights