eCurrency Mint, Rizal to roll out digital cash in Philippines

Monday 29 January 2018 10:30 CET | News

eCurrency Mint has partnered with Rizal Commercial Banking Corporation (RCBC) to release RCBC Cash, a digital money product in the Philippines.

The solution will provide transactions between existing payments platforms and will be available to hold in all e-money wallets. RCBC’s digital money will be based on eCurrency technology, which ensures that the digital payment instrument cannot be counterfeited or compromised; it will be available by Q2 2018.

The Banking Corporation also announced that it supports the regulatory sandbox initiative introduced by Bangko Sentral ng Pilipinas (BSP), the central bank, which recently released the results of a survey that showed that 86% of Filipino households do not have bank accounts.

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Keywords: eCurrency Mint, Rizal Commercial Banking Corporation, digital cash, Philippines, e-money wallets
Categories: Payments & Commerce | Mobile Payments
Countries: World
This article is part of category

Payments & Commerce