ILOILO CITY (PIA) -- The Iloilo City government is set to pilot the “Moneybela Barangayan Banking” of the Rizal Commercial Banking Corporation (RCBC), particularly among the far-off barangays that can hardly access banking services.

This was seamed through a ceremonial Memorandum of Understanding (MOU) signing and program launching here, January 9.

stationed in public transport terminals, public markets, schools, barangay halls, and health centers to maximize its accessibility to people.

Further, RCBC noted during its Moneybela launching that through its DiskarTech application introduced in 2020, consumers from remote areas, including those from micro, small and medium enterprises (MSMEs) can open digital savings accounts without the need for an initial deposit and at zero maintaining balance.

RCBC also vouched the users of the safety features the application has with the passcode, one-time pin, and biometrics requirement, ensuring the safety of the account from scammers and hackers.

With this, Iloilo City mayor Jerry P. Treñas lauded the RCBC’s initiative to provide access to banking among the residents in hard-to-reach areas which will, according to him, allow the people to be financially responsible.

He added that Moneybela is "truly an innovation which the city aspires to have more of in the future" as this can optimize the efficiency of the city operations and services while linking to the communities all other interventions provided by the government. (JBG/AGP/PIA6)