The various product innovations of Robinsons Bank (RBank) have once again caught the eye of the global landscape, earning them yet another distinction in 2021.
As the financial services arm of the Gokongwei Group, one of the largest conglomerates in the Philippines, RBank was recognized as the “Most Innovative Digital Banking Services – PH 2021” by The Global Economics Awards and The Global Business Review Magazine Awards.
The Bank has been relentless in developing new services and innovating digital products since the onset of the pandemic. It has released the RBank Sign Up, an online account opening mobile application providing convenience to Filipinos to open a bank account without going to a branch. The app also boasts its capability for a digital payroll account opening — allowing companies to easily open the bank accounts for their employees via the app!
In addition, RBank Sign Up also offers its IPONsurance Deposit Product, a savings account that comes with free life insurance. IPONsurance is the perfect savings account product to secure the future of your family, especially in these difficult times.
RBank Sign Up’s uniqueness in the market has allowed it to be awarded as the “Most Innovative Digital Product – PH 2021” by the World Economic Magazine Awards. Last year, RBank Sign Up also brought recognition to RBank with the award “Omni-Experience Innovator” from the IDC DX Awards.
The bank continuously improves its RBank Digital online banking app by adding more features such as sending funds via QR and the RBank Remit, a service that allows RBank accountholders to send remittance to any Cebuana Lhuillier branch nationwide — in real-time!
The latest innovation from RBank is the development of a cash advance service called the “InstaBale” found in its online banking app. The InstaBale allows eligible RBank Payroll accountholders to make a cash advance on their salaries, providing instant funds within minutes.
Through these innovations to fulfill the changing needs of its customers, RBank strives to make the banking experience of every Filipino easier and more accessible, especially from the burden brought by the pandemic.
Robinsons Bank currently ranks 18th among universal and commercial banks in the Philippines, with assets amounting to PHP151.215B as of December 2020.