1.3M sari-sari stores to go digital via RCBC

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    RCBC will bring digital livelihood and virtual banking services to more than 1.3 million sari-sari stores nationwide.

    The universal bank signed last October 18 a memorandum of understanding with the Department of Trade and Industry (DTI) where the latter will promote RCBC’s virtual bank-tech app DiskarTech: Kasosyo sa Asenso and provide training programs for entrepreneurs.
    The trainings will roll out before the end of this year in more than 1,000 DTI Negosyo Centers around the country.

    DiskarTech offers digital financial services such as micro-insurance, microfinancing, bills payment, and airtime and gaming e-load. The app also enables customers to open RCBC basic deposit accounts, withdraw, deposit, and transfer money without going to a bank branch.

    DTI and RCBC target enterprising Filipinos as users of the app, including sari-sari store and market vendors in over 42,000 barangays in the country.

    Aside from providing additional income, DiskarTech helps achieve financial inclusion by getting more Filipinos to open bank accounts and be part of the formal financial system.

    Signing the agreement were DTI director Emma Asusano, DTI Secretary Ramon Lopez, RCBC chairperson Helen Dee, RCBC president and chief executive officer Eugene Acevedo, and RCBC executive vice president and chief innovation and inclusion officer Lito Villanueva