Visa announced a new debit card partnership with Rizal Commercial Banking Corp. (RCBC), a major bank in the Philippines.
RCBC will issue the Visa debit cards. This enables customers to transact worldwide and online directly from their bank accounts. The collaboration aims to provide secure and seamless payment options for Filipino consumers.
This initiative modernizes the Philippine payments landscape. It aligns with the government's objective of achieving a cash-lite society.
The partnership builds on previous collaborations, including the rollout of Visa Direct for cross-border payments. Visa reinforces its commitment to expanding digital payment access in the market, which shows rising demand for secure, globally accepted debit solutions.