The sustainable lending portfolio of Rizal Commercial Banking Corp. (RCBC) reached P52.165 billion iRCBC’s inclusion super app DiskarTech has teamed up with digital payments gateway PayMongo to expand the reach of its financial products and services.
PayMongo is a Filipino startup that offers various payments solutions that will help micro, small, and medium enterprises (MSMEs) give their clients access to payment options that are safe, fast, and efficient. With PayMongo,
DiskarTech will be able to offer more seamless payment solutions to individuals and MSMEs using the app for financial transactions, without the need for elaborate paperwork.
“What is really striking is that the PayMongo team has that clarity of vision. Much like their goal, DiskarTech is also rooted in creating products and services that are easy to understand. We’re all about breaking barriers. Less complex processes will encourage more Filipinos to use the app. With PayMongo, we’re looking forward to breaking some more barriers,” said Lito Villanueva, Executive Vice President and Chief Innovation and Inclusion Officer of RCBC.
This will be made possible through PayMongo’s innovations. First is the PayMongo Links which allows merchant to send links anywhere—whether email, text, or social media—which their clients can access so they can pay via multiple payments options.
PayMongo also offers PayMongo API. API stands for Application Programming Interface, which integrates directly to a merchant’s website and app and can process payments without needing to re-direct the customer outside the app’s page. These are just some of the PayMongo features DiskarTech users can enjoy once they sign-up with PayMongo.
“PayMongo and DiskarTech share the vision of financial inclusion for all Filipinos. Our contribution in this collaboration is to provide DiskarTech’s entrepreneurs an easy-to-use payments platform. We also keep their transactions safe and secure. This is how we help SMEs grow,” said Edwin Lacierda, PayMongo co-founder and chief operating officer.
RCBC is one of the leading universal banks accelerating digital transformation in the Philippines. It is the first local universal bank to have the most extensive reach with registered customers from across all 81 provinces nationwide through its mobile apps RCBC Mobile and DiskarTech.
Its digital products include RCBC mobile and online banking, handheld ATM Go mobile point-of-sale terminals, and DiskarTech, among others. DiskarTech was recognized as the 2020 breakout finance app in the country by App Annie, a global data analytics firm covering all mobile applications worldwide.