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Rizal Commercial Banking Corp. (RCBC) is upgrading its remittance arm. Now known as RCBC Remittance, it aims to enhance its digital capabilities and expand its global network.

The move comes as more overseas Filipinos shift to digital channels for sending money home. Industry data indicates that 75% of remittances to the Philippines are now sent through…

Visa and CIMB Bank Philippines have formed a partnership to deliver new banking services tailored for the nation’s small and medium-sized enterprises (SMEs). This collaboration seeks to address the financial needs of a vital part of the Philippine economy.

CIMB announced it will launch a new Visa business debit card, the centrepiece of the partnership, in…