Australia’s EZYREMIT WORLDWIDE and the Philippines’ Rizal Commercial Banking Corporation (RCBC) will join hands to expand cross-border financial services between Australia and the Philippines.
The two sides signed a strategic memorandum of understanding for the move on Monday, EZYREMIT said in a statement. The collaboration is part of EzyRemit’s regional expansion efforts in Southeast Asia.
Under the partnership, the two sides aim to provide the global Filipino community with cost-efficient, real-time financial services through deeper integration across regional payment corridors. The cooperation can support the development of a broader digital financial ecosystem focused on user experience, regulatory compliance and institutional infrastructure.
RCBC reported an unaudited consolidated net profit of PHP2.7 billion ($43.7 million) for the first quarter of 2026, up 12 percent from a year earlier. The bank said net interest income rose 25 percent year-on-year to PHP15.4 billion, driven by growth in its core business and lower funding costs.
Total gross revenues increased 16 percent to PHP17 billion, supported by lending activities, while total deposits rose 9 percent to P1 trillion. The bank maintained a CASA-to-total deposits ratio of 50 percent.