[FEATURING] Asialink, RCBC tie-up targets unbanked Pinoys
CEBU, Philippines — Two financial institutions are working together to help the Philippines revive its economy faster by providing easy banking services, particularly to unbanked Filipinos.
Asialink Financial Corporation (AFC), in partnership with the Rizal Commercial Banking Corporation (RCBC) through its digital banking app DiskarTech, signed a memorandum of agreement (MOA) making AFC the pioneer partner of DiskarTech for the Philippines’ first loans marketplace.
“Asialink and RCBC, both proudly Filipino-owned companies, have been serving the financing needs of our country for years. Thus, getting into this partnership comes with ease and gratitude. Through this innovation, the RCBC DiskarTech app, we can both expand our mission digitally to assist more families and communities,” said Ruben Y. Lugtu II, Chairman and President of AFC.
For 24 years, as one of the leading and fastest-growing finance companies, AFC has been at the forefront of making loans accessible even to low-income, underserved and unbanked Filipinos.
“We welcome Asialink joining forces with DiskarTech in providing valuable loan services in our super app. With the uncertainty of the pandemic weighing on Filipinos, RCBC is a reliable partner in providing users tools they can depend on in these trying times,” said Eugene Acevedo, President and Chief Executive Officer of RCBC.
DiskarTech, which aims to make banking services more accessible especially to those who live in grassroots communities, is the first Tagalog-English financial inclusion app in the Philippines. Plans to offer the Cebuano dialect in the app are upcoming, to cater to the Cebuano speaking market estimated at over 25 percent of total Philippine population, mostly in Visayas and Mindanao.
Touted as a “super app” for its financial inclusion offerings, DiskarTech has about 4 million mobile downloads and 2.8 million registered users. The app is popular in the provinces and among millennials.