Mastercard has entered into a partnership with Rizal Commercial Banking Corporation (RCBC) to launch RCBC MyDebitMastercard with the EMV chip enabling cashless payments at physical merchants globally.

The debit card which is equipped with EMV chip technology enables fast and secure transactions for Filipino customers.

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The card also allows cashless transactions, withdrawal of cash, and payment for online purchases. The card will be linked to savings account giving the customer control of all transactions.

MyDebitMastercard comes with all the benefits Mastercard offers, providing the customers convenience and security at the same time.

Mastercard Philippines country manager Poch Real said: “Mastercard is very pleased to be partnering with a company whose global reach reflects our desire to make everyday payments painless for busy customers.

“The new RCBC EMV MyDebit Mastercard allows RCBC customers to enjoy secure and convenient transactions at over 38 million physical merchants worldwide, and easy access to their money in over 2 million ATMs globally.”

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RCBC digital banking and operations group head FSVP Margarita Lopez said: “RCBC believes EMV technology is a must-have for our customers’ protection against fraudulent transactions even as we continuously work hard to improve and upgrade our offerings and services to address their various needs.

“We see our partnership with Mastercard in launching the RCBC MyDebitMastercard as an important driver in allowing us to ensure customers that their data and transactions are uncompromised.”