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Philippines based RCBC Reports Dramatic Surge in Digital Payments Volume following COVID Outbreak May 24, 2021 @ 12:57 am By Omar Faridi Rizal Commercial Banking Corporation (RCBC) has revealed that it has seen dramatic growth in its digital payments volume during the last year. The value of InstaPay and PESONet money transfers of RCBC Online and its mobile banking app surged 293% when compared to volumes reported in March 2020 (when awareness of COVID and community quarantine in the Philippines began). RCBC‘s management noted that this is around 110% higher than the reported total growth for transactions of all participating banks and e-money issuers. Notably, the total volume of online money transfers that was facilitated by RCBC surged almost 330%. ....