What is DiskarTech and How to Earn Money From It

Written by on December 2, 2021

There’s a new participant within the native fintech scene – and it’s known as DiskarTech, which is a mixture of the phrases diskarte (resourcefulness) and tech. However are you aware that DiskarTech isn’t just an e-wallet, it’s also a good way to earn some more money?

DiskarTech is the primary Taglish tremendous app powered by the Rizal Business Banking Company (RCBC), one of many largest common banks within the Philippines. Launched in June 2020, the DiskarTech app has already generated over Three million downloads on Google Play and the App Store.

What differentiates DiskarTech from different cell pockets apps like GCash and PayMaya is that it makes use of Tagalog or Filipino, as an alternative of the same old English. RCBC and DiskarTech’s concentrate on Tagalog or Filipino makes it interesting to the lots, particularly those that have difficulties in understanding the English language. The app just isn’t completely in Filipino, nevertheless, as English remains to be used within the app’s interface. That’s completely comprehensible although as some phrases like “account” don’t have an appropriate Tagalog equal.

One other factor that differentiates DiskarTech from its rivals is that it gives a comparatively excessive rate of interest of three.25% every year. By comparability, a BDO financial savings account solely earns 0.125% curiosity every year. DiskarTech gives a fair greater rate of interest than ING (at the moment at 2.5% p.a.) and CIMB (at the moment at 3% p.a.).

In contrast to GCash, PayMaya and different e-wallets, DiskarTech additionally works as a financial savings account, so each peso that you simply deposit to your DiskarTech account will instantly earn curiosity. You don’t should switch your money right into a particular account to start out incomes curiosity.

So although DiskarTech is the brand new child on the block, hundreds of thousands of Filipinos have already began to make use of it to save cash, pay their payments, purchase pay as you go load and earn some further money on the facet. And because it’s backed by RCBC and controlled by the Bangko Sentral ng Pilipinas (BSP), your cash is in protected arms.

Are you to learn to register to DiskarTech and begin incomes cash? Let’s get began!

How you can Register to DiskarTech

It’s free to register a DiskarTech account. To enroll in DiskarTech, you have to be no less than 18 years previous and a Filipino citizen (non-US resident or citizen).

Listed here are the steps to register for a free DiskarTech account:

  1. Obtain and set up the DiskarTech cell app from Google Play or the App Store.
  2. Open the Diskartech app.
  3. Click on “Magazine-register na.”
  4. Select a nickname and click on “Susunod.”
  5. Enter the DiskarTech NegosyanTech invite code (optionally available) and click on “Susunod.” You need to use the invite code ABEM5439 to get free ₱10 (I can even get ₱30. Thanks!).
  6. Enter your cell quantity and click on “Susunod.”
  7. Enter the one-time password (OTP) despatched to your cell quantity.
  8. Create a four-digit passcode.
  9. Activate fingerprint login (optionally available).
  10. Create a purpose (optionally available).
  11. Congratulations! You now have a DiskarTech account.

You possibly can view your DiskarTech account quantity by going to “Account.”

The subsequent step is to have your Diskartech account verified with the intention to begin including cash, paying your payments, incomes curiosity, and lots of extra.

How you can Confirm Your DiskarTech Account

Verification is a requirement of the BSP in an effort to set up the id of anybody who transacts with banks and monetary establishments. After profitable verification, it is possible for you to to entry the DiskarTech app’s important options comparable to deposits, transfers, withdrawals, payments funds and extra.

An unique, government-issued ID is required for verification. Right here’s an inventory of accepted IDs:

  • Passport
  • Driver’s license
  • UMID
  • SSS card
  • Postal ID
  • Voter’s ID
  • PRC ID
  • TIN ID

Along with your ID prepared, it’s time to confirm your DiskarTech account. Additionally, you will be required to take a video selfie.

Observe these steps to confirm your DiskarTech account:

  1. Open the DiskarTech app and login to your account.
  2. Click on “I-verify account.”
  3. Reply the non-public info questions. Make certain they match with the knowledge in your ID.
  4. Learn the phrases and circumstances.
  5. Take an image of your ID. Make certain the picture is evident and with none glare or reflections.
  6. Observe the directions to take a video selfie.
  7. Watch for the textual content message concerning the account opening.

That’s just about it. It’ll take a number of minutes to your verification request to be accredited. You’ll obtain a textual content message as soon as your DiskarTech account is verified.

How you can Use the DiskarTech App

Now that your DiskarTech account is verified, you can begin utilizing it and reap the benefits of its options. Mainly, you’ll be able to carry out a number of cashless transactions like paying by QR code, depositing and transferring cash, paying payments and shopping for pay as you go load.

Right here’s a fast rundown of the options and companies out there in DiskarTech:

Scan QR Code

Utilizing a QR code, you’ll be able to simply switch cash to and out of your DiskarTech pockets with out having to enter your cost particulars. To ship cash or make a cost, scan the recipient’s QR code after which enter the quantity to switch. You can too share your QR code, after which the sender will scan the code on the DiskarTech app in an effort to switch cash nearly immediately.

Deposit Cash

You possibly can deposit cash to your DiskarTech account by any of those cost companions:

  • 7-Eleven
  • Bayad Heart
  • CVM Pawnshop
  • ECPay (shops with ECPay emblem)
  • Gaisano
  • H Lhuillier Pawnshop
  • RD Pawnshop
  • Tambunting Pawnshop
  • eBiz

To make a deposit, faucet “Deposit” and choose the companion (comparable to Bayad Heart). Enter the deposit quantity and click on “Susunod.” Present the reference quantity to the cashier and provides the quantity to be deposited.

You possibly can deposit a minimal of ₱200 and a most of ₱25,000 per transaction. You possibly can solely carry out two deposit transaction in a day and you must wait no less than 15 minutes earlier than you may make a second transaction. Deposit transactions are solely allowed from 5:00 AM to 9:00 PM.

The utmost quantity you could deposit right into a DiskarTech fundamental deposit account is ₱48,000.

You can too use GCash or PayMaya to switch cash on to your DiskarTech account. Simply open your GCash or PayMaya app and carry out a financial institution switch to your RCBC/DiskarTech account.

Withdraw Cash

In the meanwhile, you’ll be able to solely withdraw your cash at an RCBC ATM machine. The utmost withdrawal quantity is ₱20,000 per transaction and ₱50,000 per day.

To carry out a cardless ATM withdrawal, faucet “Withdraw” after which “Cardless ATM Withdrawal.” Select the quantity that you simply need to withdraw (starting from ₱100 to ₱20,000) and click on “Verify.”

You’ll obtain a reference quantity and OTP by way of textual content message. Go to any RCBC ATM machine and enter the reference quantity, OTP and the quantity to withdraw.

Switch Funds

You possibly can switch cash out of your DiskarTech account to a different DiskarTech account, to an RCBC checking account, or to a different financial institution or cell pockets.

  • Switch funds to a different DiskarTech account – Choose “Sa ibang DiskarTech account.” Enter the recipient’s account or cell quantity, identify and quantity.
  • Switch funds to an RCBC account – Select “Sa isang RCBC account.” Enter the recipient’s RCBC account quantity, identify and quantity.
  • Switch funds to a financial institution or cell pockets – Select “Sa iba pang bangko o cell pockets.” Choose the financial institution or cell pockets from the dropdown field, then enter the account quantity, identify and quantity.

You possibly can switch funds to banks like BDO, BPI, DBP, Metrobank, Landbank, RCBC and Union Financial institution in addition to to cell wallets like GCash (G-Xchange, Inc.), PayMaya, Cash.ph and GrabPay.

Purchase Load or E-pins

DiskarTech gives a fast and straightforward solution to reload your cell phone. Simply go to “Purchase Load or E-pins” and enter the cell quantity, after which select the load denomination or promo you need to buy.

In the meanwhile, DiskarTech doesn’t supply reductions or rebates on pay as you go load purchases. So admittedly, GCash, PayMaya and Cash.ph are nonetheless the higher choices to purchase cellphone load as they provide 5% to 10% rebates.

You can too purchase e-pins for video games and apps like Garena, Google Play, iTunes, Marvel Tremendous Struggle, Cell Legends, Nintendo eShop, PlayStation Community, PUBG Cell, Roblox, Steam Pockets, and lots of extra.

Pay Payments

With DiskarTech, you’ll be able to simply pay your payments with out leaving your own home. You possibly can pay your payments with firms and utilities like BPI, Bayantel, Caritas Well being Defend, Cignal, Globe, Meralco, Manila Water, Maynilad, Pru Life UK and Solar Life.

To pay your payments, faucet “Pay Payments” and choose your biller, after which enter your cost particulars.

Pay the Authorities

You possibly can pay your dues and contributions with Philippines authorities companies utilizing your DiskarTech app. In the meanwhile, you’ll be able to solely pay your Pag-IBIG Fund contributions or loans utilizing the app.

To pay, click on “Authorities” and select the biller. Enter your member ID, account quantity or reference quantity and different cost particulars.

Telemedicine Companies

Now you can seek the advice of a physician on-line by selecting a telemedicine bundle on the DiskarTech app. Simply faucet “Telemedicine” and select the bundle that you simply need to avail.

The iDoc Telemedicine Package deal gives limitless non-emergency session with a licensed physician by way of cellphone, e mail, chat, SMS and the iDoc software. Additionally, you will have entry to your on-line well being data by the iDoc app and get medical prescriptions and laboratory referrals. The bundle prices ₱799.20 for a yearly + Three months subscription.

Purchase Insurance coverage

DiskarTech has partnered with Malayan Insurance coverage to supply inexpensive insurance policy to all Filipinos. For as little as 12 centavos per day, you’ll be able to avail of well being and accident insurance coverage that may present monetary help to you or your beneficiary in case of demise or incapacity.

You possibly can select from any of those insurance coverage merchandise:

  • Commuters Private Accident Insurance coverage
  • Dengue Money Insurance coverage
  • Ridesafe Insurance coverage
  • Tremendous Private Accident Insurance coverage

After buying insurance coverage, you’ll obtain your Certificates of Protection (COC) by way of e mail in 3-5 enterprise days.

To buy insurance coverage, choose “Insurance coverage” on the DiskarTech app and select the insurance coverage plan you need to purchase (e.g. Commuters PA). Click on “Avail na!” and enter your occupation, identify of the beneficiary and your relationship to the beneficiary. Solely subsequent of kin (partner, little one or mum or dad) might be listed because the beneficiary.

How you can Earn Cash in DiskarTech

Now we’ve come to the thrilling half which is how one can earn cash in DiskarTech. There are two methods to earn cash in DiskarTech: invite different individuals utilizing your referral code and earn cash from curiosity.

Invite Different Individuals

You possibly can earn as much as ₱30,000 a month by referring different individuals to DiskarTech. What you are able to do is to share your DiskarTech NegosyanTech invite code and if different individuals use your code, you’ll earn ₱30 per signup. You’ll solely earn from the referral in case your invited person verifies his DiskarTech account.

By the best way, in the event you haven’t signed up for DiskarTech but, you should utilize my invite code ABEM5439 throughout registration. After you confirm your account, you’re going to get ₱10 and I’ll get ₱30 as nicely. Thanks a lot!

The referral fee may be decrease than what different e-wallets are paying (GCash is paying ₱50 per signup), however the benefit is you could doubtlessly earn extra. Why? Since DiskarTech is a comparatively new app, it’s simpler to persuade different individuals to enroll utilizing your invite code. There are infinitely extra individuals you could invite to affix DiskarTech. However, nearly everybody already has GCash or PayMaya, which implies that it’s tougher to ask individuals who haven’t signed up but.

There are already a number of DiskarTech customers who’ve earned ₱30,000 per 30 days simply by inviting different individuals to affix DiskarTech. You, too, can earn a facet revenue by inviting your folks, household and even full strangers to register to DiskarTech utilizing your invite code.

To get your individual DiskarTech NegosyanTech invite code and begin inviting, go to “Account” and click on “Magazine-invite ng pals sa DiskarTech.” Now you can view and duplicate your invite code (mine is ABEM5439). You can too see how a lot you might have earned from referrals.

Click on “Magazine-invite na ng pals” to share your invite code on social media and apps like Fb, Messenger, Twitter, WhatsApp and Viber, in addition to by way of e mail and SMS. The extra you invite, the extra you’ll earn.

Earn Cash From Curiosity

One other solution to earn cash in DiskarTech is to start out depositing cash into your account and earn curiosity from it. It’s slower and has decrease incomes potential than inviting individuals, however it’s passive revenue the place you don’t should do something besides to deposit cash.

As talked about beforehand, DiskarTech gives a 3.25% curiosity per 12 months which is greater than different banks together with high-interest digital banks like CIMB and ING. DiskarTech accounts are Fundamental Deposit Accounts (BDA) of RCBC which implies that your cash is deposited at RCBC. And because it’s an RCBC account, it’s insured by the Philippine Deposit Insurance coverage Company (PDIC).

The draw back is that there’s a most deposit restrict of ₱48,000 and you’ll earn curiosity in your financial savings account till it reaches ₱50,000. That implies that in the event you save the utmost of ₱48,000, you’ll earn solely ₱1,560 per 12 months.

Nonetheless, DiskarTech is an effective approach to save cash and you’ll park your more money there to earn passive revenue with none effort. It’s actually higher than placing your cash in a financial institution that earns lower than 1% curiosity per 12 months.

Wrapping Up

DiskarTech does certainly look promising, though as a comparatively new app, it nonetheless lacks a number of the options which are out there in different cell wallets. Hopefully, the builders will proceed to supply extra choices to withdraw cash, switch funds and pay payments.

Now that you’ve realized how one can register to DiskarTech and familiarized your self with its options, it’s time to start out selling it in order that you’ll earn cash. Don’t neglect you could additionally earn curiosity in your financial savings. Should you want help, simply e mail [email protected].

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