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RCBC s digital banking app records increase in deposit transactions, usage

March 3, 2021 | 12:03 am Font Size BW FILE PHOTO THE all-digital banking app Diskartech owned by Rizal Commercial Banking Corp. (RCBC) has seen an increase in deposit transactions as more clients continue to join the platform. The platform saw a 42% rise in savings volume in January from the December level while deposits per user picked up by 38%, RCBC said in a statement. Pressed for details, RCBC said more than half (52%) of Diskartech users belong to the 21-30 age bracket. This was followed by those aged 31 to 40 (30%), 41 to 50 (10%), 18 to 20 (3%), and 61 to 70 (1%). Nearly half of their platform’s users reside in Luzon (49%), specifically in Metro Manila (31%). This was followed by customers in Visayas (10%) and Mindanao (9%).

Peso climbs vs dollar on stock market s gains

BusinessWorld March 2, 2021 | 9:00 pm THE PESO strengthened against the greenback on Tuesday amid positive market sentiment on the back the gains in the local stock market. The local unit closed at P48.565 per dollar on Tuesday, appreciating by 2.5 centavos from its Monday finish of P48.59 against the greenback. The peso started the trading session at P48.58 per dollar. Its weakest showing was at P48.61 while its intraday best was logged at P48.50 versus the greenback. Dollars traded increased to $856.94 million on Tuesday from $678.45 million on Monday. The peso appreciated on Tuesday following three successive days of gains in the local stock market, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said.

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