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September 24, 2023

RCBC’s ESA exploring the many possibilities of 38 million registered PayMaya users

Rizal Commercial Banking Corp (RCBC) president and CEO Eugene S. Acevedo announced through his Facebook account that the bank is partnering with PayMaya to create a safe space for digital collaborations.

The Bankero shared that the partners, giants in their respective fields, have signed a memorandum of agreement that makes money transfers easier. RCBC account holders can add and transfer money to their PayMaya accounts anytime and anywhere, he says.

Many of his social media friends and followers, who take pride in referencing him as ESA, expressed delight with the partnership and said this development is good news for the industry.


Three rural banks merge to enhance financial stability

Three rural banks have successfully merged in a move aimed at bolstering their financial stability, as confirmed by the Bangko Sentral ng Pilipinas (BSP). The merger officially took effect on July 13, following the necessary regulatory approvals, as detailed in a circular letter signed by Bankero and BSP Deputy Governor Chuchi G. Fonacier on September 15.

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