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FOREIGN EXCHANGE | Staff Reporter, Philippines

RCBC rolls out online FX trading facility

It’s said to be the first such platform in the Philippines.

Rizal Commercial Banking Corp. (RCBC) has rolled out an online FX trading platform allowing eligible clients to buy and sell currencies.

“This new product, developed by RCBC, allows the bank clients to buy and sell their foreign currency at any given time from the safety of their own homes, or even from abroad,” the bank said.

Also read: RCBC to roll out blockchain remittance service in Japan

Clients need to be enrolled in at least two different currency accounts to access and trade major currencies like US dollar, Euro, British pound, Japanese yen and Singaporean dollar between enrolled accounts.

“The Online FX Trading Platform revolutionizes foreign exchange transactions for the country,” Gil A. Buenaventura, RCBC president and CEO said in a statement.

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