DiskarTech

The Philippines' first Taglish inclusive digital banking super app

Digital Banking Financial Inclusion Savings Lending

Founded: 2020
Headquarters: Makati City, Philippines
Stage: Public
Licences: 2; BSP

Overview

DiskarTech is RCBC's financial-inclusion super app and the Philippines' first all-in-one Taglish (Tagalog-English, with Cebuano) digital banking platform, launched July 1, 2020 to bring sachet banking to unbanked and underbanked Filipinos. It offers basic deposit and regular savings accounts (no maintaining balance), the Pasado Loan of up to PHP 500,000, fund transfers, bills payment, e-load, QR payments, cash-in/out via 100,000+ agents, plus affordable insurance and telemedicine. Deposits are supervised by the BSP and insured by PDIC. The app surpassed 3 million downloads within three months of launch.

Mission

To bring accessible, inclusive digital banking to every unbanked and underbanked Filipino — in their own language.

Products

DiskarTech Savings (Basic Deposit & Regular Savings)
Pasado Loan (up to PHP 500,000)
Telemedicine
Microinsurance
Bills payment, e-load & QR payments
Cash-in/out via agent network

Serves

Unbanked consumersUnderbanked consumers

Funding and ownership

Stage

Public

Parent organisation: Rizal Commercial Banking Corporation (RCBC)

People

Lito VillanuevaEVP & Chief Innovation and Inclusion Officer, RCBC (creator of DiskarTech)

Licences and certifications

Operates under RCBC universal/commercial bank license (BSP-supervised)
BSP Basic Deposit Account
BSP-supervisedCertification
PDIC-insured depositsCertification

Awards and recognition

Best Financial Inclusion App — The Asian Banker Financial Technology Innovation Awards
Infosys Finacle Innovation Award (Gold, Ecosystem-Led Innovation) 2023

Something out of date? Suggest a correction