New RCBC Pulz Feature Allows Users to Hold and Convert U.S. Dollars
Rizal Commercial Banking Corporation (RCBC) has introduced a digital banking feature that allows users to hold U.S. dollars and convert them to Philippine pesos in real time.
Available on the RCBC Pulz app, this service provides customers with the flexibility to manage foreign currency based on preferred timing and exchange rates.
Developed in partnership with U.S.-based payments provider Meridian, the feature specifically supports Filipinos, such as freelancers and virtual assistants who receive overseas funds from the United States.
This addition builds upon the U.S. Virtual Account feature introduced last year, which enables users to receive international transfers directly through the app, bypassing intermediary banks.
The hold-and-convert capability gives customers more control over when to exchange their funds, allowing them to wait for more favourable market conditions.
Lito Villanueva, RCBC Executive Vice President and Chief Innovations and Inclusion Officer, stated that these services give customers greater control over their foreign currency funds and allow them to plan better for both everyday needs and long-term goals.
RCBC Pulz serves as the bank’s primary digital platform, offering an integrated suite of services including cardless withdrawals, digital check deposits, and foreign exchange in eight major currencies.
The partnership with Meridian aims to provide a fast and cost-effective method for collecting funds directly from U.S. senders, particularly for remote workers.
This strategy aligns with the bank’s goal of making global banking services more accessible through a single digital platform.
Featured image by Rizal Commercial Banking Corporation (RCBC).
The post New RCBC Pulz Feature Allows Users to Hold and Convert U.S. Dollars appeared first on Fintech News Philippines.
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