DiskarTech digibank app serves unbanked, underserved Filipinos

Barely three weeks after its launch, the country’s first and only Taglish inclusion super mobile app, DiskarTech, is seeing around eight downloads per minute.

New registrants to this digital savings account have already breached 100,000 users. It targets to attract over 50 million adult Filipinos who still do not have bank accounts to join the formal financial system.

It features a Taglish interface for easier understanding of processes and financial concepts by new-to-bank clients and non-requirement of opening deposit amount and maintaining balance.

“At this rate, we anticipate to hit one million downloads of the DiskarTech app before yearend,” said Lito Villanueva, executive vice president and chief innovation and inclusion officer of Rizal Commercial Banking Corporation (RCBC).

About 70 percent of signups are found outside Metro Manila. Female users and those between 20-40 age range comprise the bulk of enrollees at 61 percent and 80 percent, respectively. Registered users have come from all 17 regions in the country including Bangsamoro Autonomous Region in Muslim Mindanao.

Essential financial services

The super app is packed with essential financial services, which include the following:

  • fund transfer to other DiskarTech accounts
  • purchase of electronic load and gaming pins
  • bills payment to major billers and government services through Bayad Center
  • accessible cash-in touchpoints in agent partners nationwide
  • cash-out through cardless withdrawals in RCBC ATMs

DiskarTech users can do cash-in through 7-Eleven branches and fund transfers to and from more than 30 banks and mobile wallet providers through InstaPay, which will be available by the end of the month.

Among the innovative features of DiskarTech for the new normal is the telemedicine function where DiskarTech users can avail of the COVID-19 Care Package from iDoc for only P799 annually for 15 months. Subscribers can avail of unlimited consultations with any of the partner clinic’s licensed doctors and medical professionals via phone or email.

The app’s telemedicine feature also comes with online health records thatusers can access to track their health conditions. The telemedicine package can also be used to request for electronic medical prescriptions and laboratory referrals.

More services will be introduced in the next updates, including loans, microinsurance and a skills marketplace for enterprising Filipinos to help promote their businesses.

DiskarTech is a digital product of RCBC and is downloadable for free via the App Store and Play Store. Visit diskartech.ph for more details.

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