Higala Group Inc., an inclusive instant payments platform operator, teamed up with Rizal Commercial Banking Corp. (RCBC) to launch SynerFi, an open
Higala Group Inc., an inclusive instant payments platform operator, teamed up with Rizal Commercial Banking Corp. to launch SynerFi, an open payments platform that expands digital financial access to the unserved and underserved sectors in the Philippines.
Under the partnership, Higala will provide the technology that powers SynerFi, enabling rural banks and microfinance institutions to connect seamlessly to a digital payments network. RCBC will act as the sponsor platform bank and manage the essential regulatory requirements, such as compliance, clearing, and settlement.
“Through SynerFi, we are reducing entry barriers and ensuring these institutions can thrive in InstaPay. Expanding financial access allows them to empower more Filipinos with the tools needed for economic participation and progress,” Catudio said.
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