Rizal Commercial Banking Corporation’s (RCBC) MoneyBela Barangayan Banking program has achieved significant success in promoting financial inclusion in the Philippines.
Within just six months, the initiative saw a 210% increase in bank onboarding in rural areas, reaching over 13,000 barangays.
It enabled millions of previously unbanked Filipinos to open their first deposit accounts and experienced a 103% growth in transaction volume.
The program combines digital banking solutions with physical outreach, bringing services to marginalized communities.
It also engaged micro, small, and medium enterprises, empowering local businesses and providing additional income opportunities.
RCBC’s extensive ATMGo network covers all 82 provinces, with plans to expand further.
The initiative has received commendations from the BSP and Department of Finance.
RCBC’s innovative and empathetic approach has contributed to its growth as one of the country’s leading banks.
