DepEd, CDA honor RCBC’s contributions to PH’s digitalization and financial inclusion

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Rizal Commercial Banking Corporation (RCBC), the Philippines’ fastest-growing and leading digital challenger bank, received honors from two esteemed government agencies: the Department of Education (DepEd) and the Cooperative Development Authority (CDA), for its unwavering commitment to making digital finance accessible and relevant to all Filipinos. These accolades further solidify RCBC’s position as a trusted partner of the government in advancing financial inclusion and enhancing the country’s financial literacy rates.

Photo 2 Rcbc
RCBC Digital Enterprise and Innovations Group (DEIG) Senior Manager of Usage and Strategic Businesses Division Julienne Picato (2nd from left) receives the Cooperative Development Authority (CDA) Gawad Parangal plaque of recognition for RCBC.

DepEd Secretary Vice President Sara Duterte presented RCBC with a plaque, acknowledging the bank’s significant support in fulfilling the agency’s mission of providing quality education to all Filipinos. RCBC has collaborated with the agency to enhance financial literacy among senior high school students through initiatives such as Aralin sa Madiskarteng Pananalapi, a digital module focused on inclusive digital finance education. Additionally, RCBC and DepEd have launched Diskartechpreneur Bootcamp, a business case competition enabling senior high school students in Metro Manila and Regions 4A and B to present their business ideas. Ten teams won the competition with a grand prize of P50,000 seed fund.

These initiatives are supported by RCBC Diskartech, the world’s first multi-lingual financial inclusion mobile app in Taglish and Cebuano, which allows underserved Filipinos to open basic deposit accounts with just one ID and access various banking services.

Furthermore, RCBC has partnered with the CDA to promote financial and digital literacy in remote and rural areas, digitize cooperative processes, and empower entrepreneurs to adopt digital solutions. This collaboration has facilitated the distribution of government assistance amounting to Php 21.3 billion during the pandemic, benefiting 28 million Filipinos.

The CDA recognized RCBC in its efforts in promoting the welfare of cooperatives in the Philippines and enhancing their business opportunities. 

RCBC Executive Vice President and Chief Innovations and Inclusion Officer, Lito Villanueva expressed gratitude for the recognition and reaffirmed the bank’s commitment to being the government’s top partner in inclusive finance. Villanueva emphasized the importance of human-centric partnerships in driving economic growth and social empowerment.

RCBC’s dedication to innovation and customer-centric initiatives has propelled its rapid growth, earning it numerous accolades including the Philippines’ Best Bank for Digital by Asiamoney for four consecutive years, Best Digital Bank from The Asset Triple A, the Eye on Innovation Award by Gartner, YouTube Challenger awardee, and the grand champion for digital payments and financial inclusion from the Bankers Institute of the Philippines. With a focus on collaborative efforts with government agencies and a commitment to digital transformation, RCBC continues to redefine banking in the Philippines and contribute to the nation’s prosperity.

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