The Palawan Group of Companies introduces PalaSave in partnership with RCBC Diskartech, enabling Filipinos from grassroots workers to Gen Z to save easily through simple, accessible tools that bridge physical and digital channels.
The Palawan Group of Companies has taken a bold step in advancing financial inclusion with the launch of PalaSave, a new savings feature embedded within the PalawanPay app—designed to make saving easier, more accessible, and more rewarding for everyday Filipinos.
Developed in partnership with Rizal Commercial Banking Corporation through its DiskarTech platform, PalaSave merges PalawanPay’s expansive nationwide reach with RCBC’s digital banking capabilities. The result is a seamless, user-friendly savings solution tailored for a wide spectrum of users—from farmers, fisherfolk, and small vendors to digitally savvy Gen Z consumers navigating both online and offline financial ecosystems.
Karlo M. Castro, President and CEO of Palawan Group of Companies, emphasized that PalaSave builds on the brand’s long-standing trust by enabling Filipinos to save and grow their hard-earned money through more accessible and comprehensive financial solutions.
At its core, PalaSave aims to remove the traditional barriers that have long kept millions of Filipinos from building savings. Users can open an account with no initial deposit and no maintaining balance, and begin growing their funds with as little as ₱200, while earning up to 4% annual interest. The platform also allows free, anytime transfers, empowering users to steadily build both short- and long-term financial goals at their own pace.
“For many years, Filipinos have trusted Palawan not only for remittances but for a wide range of financial services,” said Karlo M. Castro, President and CEO of the Palawan Group. “With PalaSave, we build on that trust by giving them a simple and accessible way to grow their hard-earned money.”
The initiative directly addresses a persistent challenge: millions of Filipinos remain unbanked—not due to lack of intent, but because traditional banking systems can feel intimidating or out of reach. Data from a 2025 Social Weather Stations report shows that 33% of savers open accounts primarily for personal savings, underscoring a strong desire to set money aside if the tools are accessible.
By integrating RCBC DiskarTech’s Savings Hub directly into PalawanPay, the platform unlocks savings access for over 23 million users—without requiring a separate app or a visit to a physical bank branch. RCBC President and CEO Reginaldo B. Cariaso described the move as more than just a feature launch, calling it “a fundamental shift” in how financial services are delivered.
“This is our first live implementation of banking-as-a-service at scale,” Cariaso said. “We’re opening doors for millions who have traditionally been underserved.”
Beyond digital convenience, PalaSave also leverages Palawan’s extensive physical network—recognizing that trust and human support remain crucial, especially in rural communities. As RCBC executive Lito Villanueva noted, access to financial tools must go hand-in-hand with reliable, real-world support systems.
With PalaSave, PalawanPay is redefining what saving looks like for Filipinos—making it simple, flexible, and within reach. Whether through mobile transactions or in-person assistance at branches, the platform empowers users to take control of their finances and build a more secure future.
For millions of Filipinos ready to start their savings journey, the barrier to entry just got a lot lower—and the opportunity to grow wealth, a lot closer.