Instapay direct integration advanced to the final pre-certification stage with BancNet and remains on track for production deployment in early May 2025
ALSO MORE PIL DEVELOPMENTS
The signed MOUs with RCBC, Rizal Microbank, and RAFI Micro-Finance provide PIL with several strategic advantages:
Expanded Financial Network – Partnering with leading Philippine financial institutions strengthens PIL’s presence in the region and enhances its ability to offer financial services.
Improved Financial Inclusion – Collaborating with microfinance institutions like Rizal Microbank and RAFI Micro-Finance allows PIL to tap into underserved markets, supporting small businesses and entrepreneurs.
Enhanced Digital Finance Capabilities – RCBC has been actively promoting digital finance literacy and expanding digital banking services, which could benefit PIL’s financial ecosystem.
Stronger Market Position – These partnerships reinforce PIL’s credibility and influence in the financial sector, potentially leading to new business opportunities and increased customer trust
The signed MOUs with RCBC, Rizal Microbank, and RAFI Micro-Finance aim to advance strategic relationships with leading Philippine financial institutions.
For example, Rizal MicroBank focuses on financial inclusion by supporting micro and small enterprises in the Philippines. Their mission is to empower entrepreneurs and create progressive communities through accessible financial services. Similarly, RCBC’s Rizal Microbank has been actively working on financial inclusion initiatives, such as the Pangarap Savings program, which helps individuals open savings accounts with minimal requirements
PIL Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
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