RCBC cash transfers by simply using the recipient’s mobile number or email address
“This contributes in accelerating digital payments in the country which is aligned with the government’s massive push towards cashless economy led by the Bangko Sentral ng Pilipinas (BSP),” said RCBC President and CEO Eugene S. Acevedo.
RCBC cash transfers by simply using the recipient’s mobile number or email address
Through the use of Multi-identifiers Proxy Platform (MPP), fund transfers can be made with the use of easy-to-remember mobile numbers and email addresses registered with the receiver’s registered destination wallet or bank account.
This solution eliminates the error in entering the recipient’s bank details, and overcomes the resistance of people sharing sensitive information such as account numbers.
BSP eyes full operation of national QR code standard by second half of 2021
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BSP eyes full operation of national QR code standard by second half of 2021
cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.
Like businesses have embraced digitalization to evolve in the wake of COVID-19, fraudsters and scammers too are embracing digital technology to evolve the threat that they pose to businesses and the public, experts from Visa, Rizal Commercial Banking Corporation (RCBC), e-wallet BigPay, and cybersecurity firm OneSpan said during a virtual panel discussion.
“With the global pandemic, things are going online at a much faster rate than we would have,” said Chackan Lai, Vice President of Global Risk Advisory and Innovations at Visa in the US. “The e-commerce channel has accelerated tremendously over the past 12 months and plus. At Visa, on a global basis, about 54 % of our transaction volume is now via the e-commerce channel with only 46% in the face-to-face environment.”