{
  "id": 6228034,
  "title": "RCBC named ‘Remittance Bank of the Year’ in the Philippines by ABF",
  "url": "https://urgent.news/2026/09/08/rcbc-named-remittance-bank-of-the-year-in-the-philippines-by-abf",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-08T03:01:00.000Z",
  "source": {
    "name": "Philippine Star Business",
    "slug": "philippine-star-business",
    "url": "https://www.philstar.com/banking/2026/09/08/2554640/rcbc-named-remittance-bank-year-philippines-abf"
  },
  "original_language": "en",
  "account": "Rizal Commercial Banking Corporation (RCBC) has been awarded the title of Remittance Bank of the Year by the Asian Banking and Finance (ABF) Awards, confirming its status as the premier bank in the Philippines for addressing the financial requirements of Overseas Filipinos worldwide. This accolade follows RCBC's ongoing efforts to revolutionize cross-border remittance services by transitioning from traditional methods to a more inclusive, interoperable, and fintech-focused approach. Martin Tirol, Head of Transaction Banking Group at RCBC, explained that the award validates the bank's long-term commitment to transforming the remittance experience for millions of Overseas Filipinos, moving away from the typical issues such as friction, high fees, and delays, towards a quicker, more accessible, and digitally-driven alternative. Central to RCBC's remittance transformation is the Global Filipino Banking and Financial Technology Division, which has expanded the bank's global reach to over 100 countries. RCBC has also facilitated this growth through its Application Programming Interface (API) ecosystem, allowing global remittance partners to seamlessly integrate with RCBC's infrastructure using a plug-and-play model, thus enabling instant credits to Philippine bank accounts or e-wallets with real-time transaction status verification. Looking forward, RCBC is investigating the use of stablecoins for wholesale cross-border funding and liquidity management for its remittance partners, aiming to tackle ongoing issues like slow settlement times, limited availability outside banking hours, and exorbitant conversion fees that decrease the overall value of remittances reaching their intended recipients. Tirol emphasized that RCBC is more than just a financial intermediary; it has become a digital bridge for borderless money movement. By combining the security of a universal bank with the flexibility of a fintech, RCBC has transformed the process of sending money home from a burdensome task into a smooth, digitally-driven experience. RCBC remains dedicated to supporting millions of Overseas Filipinos in meeting their financial needs, continuing to be a reliable financial partner that converts their hard work into better opportunities for their families and their future.",
  "summary": "The recognition comes as RCBC continues to push the boundaries of cross-border remittance innovation by pivoting from traditional legacy systems to a more inclusive, interoperable and fintech-first mindset.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}