Push Admin

RCBC's DiskarTech to offer loans, launch app in Visayan to get more users

Article (news)

Jessica Fenol, ABS-CBN News

MANILA - RCBC&#x27;s Diskartech app will offer several loan products next month and will also launch its interface in the Visayan language to attract more users, one of its officials said Wednesday. DiskarTech, a Taglish fintech app, so far has close to 4 million app downloads, 2.8 million registered users and close to 1 million verified users, RCBC executive vice president and chief innovation and inclusion officer Lito Villanueva told reporters in a virtual briefing. With the introduction of the Visayan language, the second most widely spoken tongue in the country, DiskarTech aims to tap some 24 percent of the population concentrated in Visayas and Mindanao, Villanueva said. &quot;We are trying to promote to the public the value of savings especially during the pandemic,&quot; Villanueva said.&quot;We know that language is still a barrier...[DiskarTech] will now enable a great chunk of the population to be able to really familiarize themselves in the use of the app,&quot; he added.<div>PAPERLESS LOANS</div>At least 10 loan products from partner lending companies will also be introduced this April under its loans marketplace, to give Filipinos access to funds and avoid exponential interest rates of illegal street lenders known as 5-6, Villanueva said.Car loan, truck loan, second-hand car loan, secondhand truck loan, PUV taxi loan, multi-cab loan, multi-cab refinancing loan, motorcycle loan, tricycle loan and housing loan are among the products lined up, the bank said. All these are focused on micro, small and medium enterprises (MSMEs) to help them grow their businesses, Villanueva said.The entire loan process will be &quot;paperless&quot; including repayment using the app&#x27;s Bills Payment feature.The app eyes disbursing half a billion loans for &quot;Phase 1&quot; of its loan marketplace, he added.DiskarTech said it has been promoting savings and financial inclusion, especially during the pandemic. Villanueva said deposits rose 135 percent in February from January this year. Deposits on the app earn 3.5 percent. DiskarTech is different from its competition since it focuses on just the important feature and is the only Taglish app there is, he said.At least 10 more fintech apps are expected to enter the market this year, Villanueva said, after the Bangko Sentral ng Pilipinas identified &quot;<a href="https://news.abs-cbn.com/business/11/27/20/bsp-recognizes-digital-bank-as-new-bank-category">digital banks</a>&quot; as a new category. Neobank Tonik, which launched in the Philippines earlier last week, offers up to 4.5 percent interest on savings and up to 6 percent interest on time deposits.ING&#x27;s digital bank also offers 4 percent interest rates on savings for new clients. ING&#x27;s digital bank also offers 4 percent interest rates on savings for new clients. <ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/03/18/21/new-digital-bank-tonik-offers-time-deposit-interest-up-to-6-percent">New digital bank Tonik offers time deposit interest up to 6 percent</a></li>	<li><a href="https://news.abs-cbn.com/business/03/16/21/all-digital-ing-philippines-to-offer-loans-says-still-no-fees-for-fund-transfers">All-digital ING Philippines to offer loans, says still no fees for fund transfers</a></li></ul>The BSP eyes spreading financial inclusivity by growing the digital payments sector in the country using InstaPay and PESONet under the National Retail Payment System.<div>RELATED VIDEO:</div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1646531" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

RCBC's Diskartech app will offer several loan products next month and will also launch its interface in the Visayan language to attract more users.

RCBC's Diskartech app will offer several loan products next month and will also launch its interface in the Visayan language to attract more users.

RCBC's DiskarTech to offer loans, launch app in Visayan to get more users

News

Entertainment

Lifestyle

Sports

Metro.Style

More

Sudoku

Word of the Day

Lotto

Horoscope

Business

RCBC's DiskarTech to offer loans, launch app in Visayan to get more users

Jessica Fenol,

ABS-CBN News

Published March 24, 2021 02:26 PM PHT

|

Updated March 24, 2021 06:40 PM PHT

Read More:

ANC

ANC Top

RCBC

RCBC DiskarTech app

DiskarTech

DiskarTech in Visayan dialect

Visayan dialect

loan products

DiskarTech loan

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.