Barely three weeks after its launch, more unbanked and underserved Filipinos are now downloading the country’s first and only Taglish inclusion super mobile app, DiskarTech.
New registrants to this digital savings account have already breached 100,000 users as it invites over 50 million adult Filipinos who still do not have bank accountsto join the formal financial system.
A Taglish interface for easier understanding of processes and financial concepts by new-to-bank clients and non-requirement of opening deposit amountand maintaining balance allow wider enrolment.
“At this rate, we anticipate to hit one million downloads of theDiskarTech app before yearend,” said Lito Villanueva, executive vice president and chief innovation and inclusion officer of Rizal Commercial Banking Corporation (RCBC).
“We see usage steadily spreading across the country as we continuously improve our services and introduce new features every month,” Villanueva added.
Most signups are found outside Metro Manila at 70 percent. With female users and those between 20-40 age range comprising bulk of enrollees at 61 percent and 80 percent, respectively. Registered users have come from all 17 regions in the country including Bangsamoro Autonomous Region in Muslim Mindanao.
In a social media post by BSP Governor Benjamin Diokno, “Recent events have forced many of us to the digital realm—financial services included. We can leverage on this development to achieve our financial inclusion goals. This is what DiskarTech does as the country’s first “Taglish” app. It provides sachet banking services to unbanked and underserved Filipinos. I highly encourage everyone to download it.”
DiskarTech app users with basic deposit accounts enjoy 3.25 percent interest on their savings and are insured with the Philippine Deposit Insurance Corporation. Incentives are also earned through successful referrals.
The super app has essential financial services which include fund transfer to other DiskarTech accounts, purchase of electronic load and gaming pins, bills payment to major billers and government services through Bayad Center, accessible cash-in touchpoints in agent partners nationwide, and cash-out through cardless withdrawals in RCBC ATMs.
DiskarTech users can do cash-in through 7-Eleven branches and fund transfers to and from more than 30 banks and mobile wallet providers through InstaPaywhich will also be available by the end of the month.
Among the innovative features of DiskarTech for the new normal is the telemedicine function where DiskarTech users can avail of the COVID-19 Care Package from iDocfor only P799 annually for 15 months.Subscribers can avail of unlimited consultations with any of the partner clinic’s licensed doctors and medical professionals via phone or email.