By Alithea De Jesus
There is no stopping the country’s first Taglish financial super app powered by Rizal Commercial Banking Corporation (RCBC) DiskarTech from reaping awards after it bagged the Best Digital Inclusion Initiative award from the International Innovation Awards (IIA) under the Service Solution category. The announcement was awarded through a virtual live streaming ceremony on December 16, 2020.
As background, the International Innovation Awards is the most coveted regional recognition program where it recognizes outstanding innovations, and in the process, encourages the organizations to continue investing in innovation.
RCBC President and Chief Executive Officer Eugene S. Acevedo was elated to receive this new award. “We are honored to be recognized scaling digital financial services for our mass market especially now that we have to innovate quickly to adapt to the requirements of the new normal. We commit to safe, easy and digitally empowered services across segments and sectors nationwide”, Acevedo added.
DiskarTech was recognized for providing a solution to key barriers for financial inclusion of about 71% unbanked and underserved Filipinos majority of which belong to the grassroots communities. The quick and simple bank account opening anytime, the anywhere super app saves the day for those who lack identification documents, lack funds, or have no perceived benefits as a reason for not opening a bank account. DiskarTech doesn’t require a minimum deposit nor a maintaining balance. One only needs one government ID to open an account. It also offers 3.25% interest per annum which is higher compared to others.
Meanwhile, RCBC Executive Vice President and Chief Innovation and Inclusion Officer Lito Villanueva said, “This award from the International Innovation Awards is a recognition of our collective aspiration to further promote and accelerate digital finance in the Philippines. Expect for more this 2021 as we empower and enable a great majority of our barangay around the country including informal microentrepreneurs.”
This is not the first time that DiskarTech received an award despite being a fairly new innovative brand and player launched last July 2020. Last November DiskarTech bagged the distinction of being 2020’s Inspirational Brand from the prestigious Asia Pacific Enterprise Award (APEA). The APEA honors business leaders and organizations who have shown outstanding performance in developing successful enterprises while keeping in mind the social responsibility that these successes entail.
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Aside from using Diskartech as a digital savings account, it also facilitates cash-in and cash-out transactions through over 30,000 partner-agent locations. It is a one-stop-shop for utility bills payment. Once could do business through the purchase of mobile phone load and e-gaming pins. It offers income and life protection through the purchase of affordable insurance products. One of the best and unique features is Telemedicine where you can avail online medical services.
DiskarTech has recorded more than three million downloads since it launched in July 2020. RCBC has also merited six global awards in three months during the pandemic and named as the Philippines’ best digital bank.