RCBC took part in the recent The Future of Finance, Philippines 2018 conference with the theme “Strong Economy and Vital Innovation for the Philippines”. Organized by The Asian Banker, the annual forum featured discussions on the opportunities and challenges in the local banking market, how to reach the unbanked through digital technology, and how to successfully usher the country into the new era of digital banking.
A set of global speakers and panelists, including RCBC first senior vice president and head of digital banking group Margarita Lopez, presented case studies and best practices among more than 200 bankers, financial services professionals, policymakers, investors, innovators, regulators, academics, local, and international business leaders.
During the panel discussion on the Future of Payments for Filipinos, Lopez talked about the RCBC ePiso. “We want to enable easy, secure and convenient electronic payments as part of their day-to-day habits and once we do that, we then become part of their everyday lives,” noted Lopez as she underscored the bank’s mission to become part of consumers’ activities and to enable them with access to digital payments through ePiso.
Earlier this year, RCBC introduced the country’s first-of-its-kind digital currency, ePiso, that provides a more secure, affordable, and efficient way to handle cash for daily transactions. With ePiso, the bank hopes to bring a sustainable economic network that would advance financial inclusion in the country. ePiso has been successfully test-launched to residents in Brgy. Poblacion in Muntinlupa City, farming communities in Bukidnon, and merchants in Bulacan.
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