Sunday, 25 February 2024

Best Financial Inclusion Initiative goes to RCBC’s ATMGo, and MoneyBela Barangay Banking

5 min read

By The Asian Banker

The winning bank uses mobile point-of-sale devices to provide financial services as a last-mile solution. It launched an initiative that combines physical and digital banking services to serve geographically distant, disadvantaged, and conflict areas in the Philippines.

The service and initiatives generated 48% rise in revenue growth, 42% expansion in merchants, 39% increase in transaction volume equivalent to 3.9 million transactions in their mobile application and 31% surge on transaction value corresponding to $182 million.

For its innovative approach on delivering financial inclusivity in the underserved areas of the country, the awards for

Best Financial Inclusion Initiative in the Philippines goes to RCBC’s ATMGo, and MoneyBela Barangay Banking.

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