RCBC and Hungarian FinTech partnership opens doors to OFW digital banking

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: Standing : Department of Migrant Workers Undersecretary for Policy and International Cooperation Atty. Patricia Yvonne Caunan, Deputy State Secretary for External Economic Relations of the Ministry of Foreign Affairs and Trade of Hungary Katalin Bihari, and Prime Minister’s Commissioner for the protection of the Hungarian way of life and national values Zsolt V. Németh.

RCBC Executive Vice President and Chief Innovation and Inclusion Officer Lito Villanueva, Ambassador of Hungary to the Philippines Titanilla Tóth, Deputy State Secretary for External Economic Relations of the Ministry of Foreign Affairs and Trade of Hungary Katalin Bihari. : RCBC Executive Vice President and Chief Innovation and Inclusion Officer Lito Villanueva paid a courtesy visit to the Deputy State Secretary for External Economic Relations of the Ministry of Foreign Affairs and Trade of Hungary Katalin Bihari in Budapest. Also in the photo is Founder and CEO of Peak Hungary Márton Suppan .

RCBC President and Chief Executive Officer Eugene S. Acevedo highlighted the importance of such partnerships in uplifting the lives of Filipinos and the enthusiasm of the bank in partaking in a fruitful partnership. “Teaming up with Peak and Columbus allows RCBC to continue serving our fellow Filipinos in Hungary. We are committed to delivering a seamless banking experience to help our customers realize their financial goals even if they are abroad,” said Acevedo.

A 2023 report by global consultancy firm McKinsey found that US$30.5 billion in remittances flow into the country annually, yet banks have not integrated remittances into their mainstream services and even into creation of credit profiles of Filipinos. Villanueva highlighted that these findings motivated RCBC in addressing the needs of overseas workers and their families.

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MlaStandard /  🏆 20. in PH

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