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Rizal Commercial Banking Corporation (RCBC) has announced a major upgrade to its remittance business, now rebranded as RCBC Remittance, as part of efforts to strengthen its digital capabilities and extend its international network.
The initiative comes amid a growing shift toward digital money transfers, with recent industry data showing that about 75% of remittances to the Philippines are now processed through digital platforms.
According to Martin Tirol, RCBC’s Head of Transaction Banking Group, the upgrade reflects the bank’s strategic commitment to driving broader adoption of digital remittances and improving convenience for overseas Filipinos.
“Our goal is to make it easier for global Filipinos to send money home securely and seamlessly, leveraging technology and partnerships that expand our reach worldwide,” Tirol stated.
RCBC reported a 34% year-on-year growth in remittance transactions as of June 2025, fueled by new partnerships across Asia and expanded initiatives in the Middle East.
Among its latest collaborations, RCBC has teamed up with Visa and Digital Wallet Corp. in Japan, as well as Gmoney Trans in South Korea, to deliver faster, safer, and more efficient fund transfers.
Through its RCBC Pulz mobile app, the bank has also simplified the account opening process for overseas Filipinos in 42 countries, eliminating the need for physical branch visits and further enhancing financial accessibility.
Looking ahead, RCBC aims to grow its remittance partnerships to more than 80 tie-ups across 25 countries within the next five years, underscoring its vision to be a leading player in cross-border digital banking.
The bank’s continuous investment in digital infrastructure reaffirms its commitment to innovation, financial inclusion, and the evolving needs of the Filipino diaspora worldwide.
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