Rizal Commercial Banking Corporation (RCBC) has announced a strategic
partnership with Paynamics Technologies, Inc., a leading provider of accessible payment solutions in the Philippines, to expand digital payment capabilities for businesses nationwide.
Through this collaboration, Paynamics will serve as RCBC’s new Payment Gateway partner, supporting various merchants, including Rakuten Viber Pay. This partnership will enable e-commerce and peer-to-peer payments within various digital platforms.
RCBC’s banking infrastructure will be seamlessly integrated with Paynamics’ platform, ensuring secure transmission and authentication of transaction data. Both companies are dedicated to providing a user-friendly experience for businesses and consumers alike, enabling smooth and efficient digital payments.
“Paynamics is excited to partner with RCBC to empower businesses across the Philippines with seamless and innovative digital payment solutions. By connecting with RCBC’s robust infrastructure, we aim to simplify payment acceptance processes for businesses of all sizes, helping them reach more customers, promote transparency and operational efficiency, and gain better visibility into their cash flow,” said Mylene Chua-Magleo, CEO and Co-Founder, Paynamics Technologies Inc.
With over 32,000 cash-in centers, connections to 50+ local banks, and thousands of available payment channels, Paynamics has been crucial in powering online payments in the Philippines for over a decade.
“Working with Paynamics is another significant step forward in RCBC’s journey to drive digital transformation across the Philippines,” Lito Villanueva, RCBC Executive Vice President and Chief Innovation and Inclusion Officer, said.
“By making financial technology more accessible and affordable for businesses and consumers alike, we are fueling a new wave of innovation that will redefine the future of payments. This collaboration is more than just enabling transactions. It’s about enabling opportunities for every Filipino, wherever they
may be.”
