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RCBC expands payout network to include those without mobile phones in rural areas

Rizal Commercial Banking Corporation, RCBCAs Rizal Commercial Banking Corporation (RCBC) strengthens its payout partner network through its ATM Go service, it has mentioned that it is closer to its target of covering all provinces of the country with handheld automated teller machines (ATM), as reported by Fintechnews Philippines.

The Philippines’ Department of Social Welfare and Development (DSWD) has advocated the use of this digital facility as a payout channel for social amelioration programs of the national government. DiskarTech Lite is another disbursement platform that has been approved by the BSP to help the department.

According to Fintechnews Philippines, Lito Villanueva, executive vice president and chief innovation and inclusion officer of RCBC enunciated, “This is the only inclusive and comprehensive disbursement platform in the country today allowing beneficiaries with or without smartphone or feature phones to receive their social grant.”

In April and May, around 60 additional ATM Go terminals were established to new and existing payout partners such as the Bayad Center branches, Cantilan Bank, Baug CARP Beneficiaries Multi-Purpose Cooperative, Kooperatiba ng Sampaloc, New Rural Bank of San Leonardo, and other small, and medium enterprises (SMEs). Nearly 90 more ATM Go terminals will be infused into the network after new payout partners are on board, by June.

“With RCBC’s extensive and massive payout partner network equipped with robust and proven disbursements platforms, the strong and growing collaboration among these partners present in 72 out of 81 provinces is a testament of our commitment in helping the government,” Villanueva stated, as reported by Fintechnews Philippines. “This collaboration between our bank and DSWD is mutually invested towards serving the underserved and most vulnerable sectors of our society.”

The bank has offered the use of its DiskarTech Lite facility to the government, at no charge. The platform can be accessed for the expedition of payouts by local government units that have received the funds to implement the Social Amelioration Program and the Social Pension for Indigent Senior Citizen (SocPen) Programs in the country.

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