RIZAL Commercial Banking Corp. (RCBC) has signed a memorandum of understanding (MOU) with the Commission on Filipinos Overseas (CFO) to promote digital finance literacy and expand digital banking services for millions of Filipinos worldwide.
The agreement, formalized by RCBC Executive Vice President and Chief Innovations and Inclusion Officer Lito Villanueva and CFO Executive Director Undersecretary Ma. Arlene Borja, highlights the bank’s commitment to financial inclusion beyond Philippine borders.
Demonstrating strong support from both RCBC and the CFO, key figures present included RCBC Chairman Helen Yuchengco-Dee, President and CEO Eugene Acevedo, Deputy CEO Reggie Cariaso, and First Senior Vice President and RCBC Transaction Banking Group Head Martin Tirol, alongside CFO Chairman Secretary Dante Ang II, Director Marie Apattad, chief emigrant services officer, and Patricia Marie Salvador, senior emigrant services officer from the Program Management Division.
The CFO was established to promote the interests, rights, and welfare of overseas Filipinos and their families, and strengthen their ties with the Philippines.
Under the agreement, the bank and the government agency will collaborate to increase Filipinos’ digital and financial aptitude for Filipinos living and working overseas.
Villanueva said that the CFO and RCBC find common ground in financially including and empowering Filipinos worldwide.
“Through this MOU, we bring together the strengths of the CFO and RCBC to deliver more accessible and impactful services. Whether through public assistance initiatives or educational campaigns, this partnership ensures that our kababayan receive the support they need every step of the way — from preparing to leave the country to thriving in their new homes abroad. And we are certain that with access to the various digital services and platforms of the RCBC, our migrants will be a step closer to achieving migrant success,” Ang highlighted in his message.
This latest collaboration comes from the bank’s pursuit of alignment with the government’s financial inclusion agenda.
