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RCBC Credit Cards (previously RCBC Bankard ( PSE : BKD )) is one of the largest credit card issuers in the Philippines, issuing VISA, MasterCard, JCB and UnionPay (CUP) credit cards. In the 1990s, they also issued their line of credit and debit cards. RCBC Credit Cards offers an installment conversion facility that allows cardholders to convert ...
RCBC established its first head office at 219 Buendia Avenue in Makati (then part of Rizal until 1975), making it the first commercial bank to do so in the province. [14] In 1989, it acquired its universal banking license. [15] In 2000, RCBC acquired major control of Bankard Inc., a credit card company. [16]
Rizal Commercial Banking Corporation (RCBC) 1,252,212.41: 7 Philippine National Bank (PNB) 1,166,556.44: 8 Development Bank of the Philippines (DBP) 1,042,129.41: 9 Union Bank of the Philippines (Unionbank) 961,584.41: 10 Security Bank Corporation (Security Bank) 878,563.32: 11 East West Banking Corporation (EastWest Bank) 403,810.69: 12
BancNet was founded on July 17, 1990, as the Philippines' second ATM consortium when the ATMs of eight banks, PCI Bank (later Equitable PCI Bank, now Banco de Oro), Security Bank, Chinabank, RCBC, Allied Bank (now part of PNB), Metrobank, International Exchange Bank (now part of UnionBank) and CityTrust Banking Corp. (now part of BPI) formed BancNet.
Go (former Chairman) Equitable PCI Bank, Inc. ( PSE : EPCI) was one of the largest banks in the Philippines, being the third-largest bank in terms of assets. It was the largest bank before it was overtaken by Metrobank in 1995. It is the result of the merger of Equitable Banking Corporation and Philippine Commercial International Bank or PCIBank.
Metrobank's joint venture with ANZ was formed in 2003. Since then, MCC has become a leading provider of credit cards in the Philippines, with more than 1.5 million cards based from the data of the Credit Card Association of the Philippines (CCAP). MCC reported total assets of ₱60.4 billion and a return on average equity of 36.3 percent.
UnionPay ( Chinese: 银联; pinyin: Yínlián ), also known as China UnionPay ( Chinese: 中国银联; pinyin: Zhōngguó Yínlián) or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card scheme in mainland China.
Over the previous two or three years we’ve seen an explosion of new debit and credit card products come to market from consumer and B2B fintech startups, as well as companies that we might not ...