BSP to issue licenses for four additional digital banks
The Bangko Sentral ng Pilipinas (BSP) has announced that it will begin accepting applications for new digital banks starting Jan. 1, 2025, following the lifting of a moratorium that has…
GoTyme Bank gains ground with 3.7 million users
Digital bank GoTyme Bank has emerged as the fastest-growing bank in the country, registering 3.7 million users since its launch in the last quarter of 2022. The bank is attracting…
Zed neobank gains BSP license to issue credit cards
Zed, a credit-led neobank, has received its Certificate of Authority from the Bangko Sentral ng Pilipinas (BSP), officially becoming the first Philippine neobank to operate as an independent credit card…
GoTyme Bank offers time deposits with $1 minimum investment
Digital bank GoTyme Bank has launched its Multi-Currency Time Deposit account, which requires only a $1 minimum deposit to make time deposit accounts more accessible to a broader audience. This…
Ateneo de Manila partners with Maya for digital ID cards
Ateneo de Manila University has partnered with Maya, a digital bank, to introduce a new, technologically advanced ID card. This Maya-powered ID card is designed to enhance security and facilitate…
GoTyme Bank accelerates expansion with SAVii acquisition
GoTyme Bank, a digital bank, just acquired SAVii, a salary lender firm, signaling its planned expansion in the Philippines. SAVii boasts a loan book of over P3 billion and serves…
JG Summit and Tyme Group acquire BPI’s stake in GoTyme Bank
Major shareholders JG Summit and Tyme Group have announced the repurchase of Bank of the Philippine Islands’ (BPI) minority shareholding in digital bank GoTyme Bank, which attracted 3 million users…
Maya starts offering time deposit product with up to 6% interest
Maya, a digital banking player in the Philippines, has unveiled Maya Time Deposit Plus, a savings product offering high interest rates. Maya Time Deposit Plus aims to revolutionize savings strategies…
GoTyme Bank hits the 2 million customer mark
GoTyme Bank, a digital bank established in collaboration between the Gokongwei group and Tyme, reached a milestone of 2 million customers within 14 months, surpassing its 2023 target. Nate Clarke,…
Maya enables Filipinos to invest with Maya Stocks
Maya, a digital bank App, has introduced Maya Stocks, enabling all Filipinos to venture into investments in the stock market. Integrated within the app, Maya Stocks allows users to invest…
Tonik taps Genesys Cloud CX to boost digital-first customer experience
Neobank Tonik is leveraging Genesys Cloud CX to further elevate its digital-first services and provide exceptional banking experience to customers. Genesys is a global cloud provider that offers (artificial intelligence)…
GoTyme Bank focuses on delivering outstanding customer experience
GoTyme Bank, a joint venture between the Gokongwei Group and Tyme Group, continues to innovate to redefine the consumer banking experience employing a mix of physical and digital approaches. GoTyme…
GoTyme Bank campaign highlights role of ‘human touch’ in customer service
GoTyme Bank, a joint venture between the Gokongwei Group and Tyme Group, a Singaporean digital banking institution, has unveiled a new campaign that underscores the significance of a human touch…
Tonik extends core banking partnership with Finastra
Tonik, an all-digital bank that was launched in the Philippines in 2021, will be deploying dedicated consultants through its partner Finastra Essence, a core banking software provider, to expand its…
GoTyme Bank earns international design awards
GoTyme Bank, a joint venture between the Gokongwei group of companies and multi-country digital bank Tyme, was recognized by international design award-giving bodies: The Red Dot Design Awards 2023 and…
GoTyme Bank fosters human-centric banking
GoTyme Bank, a joint venture between the Gokongwei group of companies and Tyme Group, aims to address financial inclusion challenges and issues in the Philippines with a physical-digital approach. In…
Digital bank GoTyme reaches 1 million customers
GoTyme Bank, a collaboration between the Philippines’ Gokongwei Group and Singapore-based Tyme Group, has reached 1 million customers barely a year since it was launched in the country. Citing “human…
Twin wins for GoTyme Bank at Asian banking awards
GoTyme Bank, a joint venture between the Gokongwei group of companies and the multi-country digital banking group Tyme Bank, recently received two recognitions at the 18th Asian Banking and Finance…
UnionBank injects P900-million capital into UnionDigital
UnionDigital Bank (UD) secured a capital infusion approval of up to P900 million from its parent bank, Union Bank of the Philippines (UnionBank). The fresh funds is earmarked for the…
CIMB Bank PH underscores benefits of embedded banking
When CIMB Bank launched in 2018, it introduced digital and embedded banking in the Philippines. One of the first digital banks in the country, CIMB Bank PH enabled a fully…
GoTyme promotes financial inclusion with ‘phygital’ approach
GoTyme Bank Philippines (GoTyme) aims to provide a personalized and humanized customer experience. As the demand for innovative digital financial services grows, GoTyme combines the convenience of digital banking with…
GoTyme Bank aims to unlock Filipinos’ financial potential
With a focus on providing high-quality banking experiences and unlocking the financial potential of Filipinos, GoTyme Bank aims to bridge the gap between traditional banking and a cashless society. Backed…
CIMB Bank PH reaches 2.5 million loan customers in Q123
CIMB Bank PH, a digital bank, recorded 2.5 million loan customers in the first quarter of 2023. It now has a total of close to 7 million total customers, driven…
CIMB Bank unveils virtual debit card
CIMB Bank Philippines (CIMB Bank), a digital bank services provider, unveiled its virtual card for all its deposit customers. CIMB Bank account holders (of Fast Plus, GSave, or UpSave) can…
CIMB Bank PH records 2.5 million loan customers in Q12023
The 2.5 million loans that CIMB Bank PH, a digital banking services provider, recorded in the first quarter of 2023 (Q12023) are attributable to the growth of its deposit and…
Healthcare app mWell taps UnionDigital as financial partner
Health and wellness app mWell has integrated UnionDigital Bank’s (UnionDigital) services into its platform. The digital bank is a subsidiary of Union Bank of the Philippines while mWell is the…
UNO Digital Bank partners with GCash to offer high-yield savings account
As the latest partner of GCash, UNO Digital Bank will be able to offer at higher than industry interest rates for certain products through GSave, a digital savings account within…
Maya aims to increase digital banking adoption with new campaign
By introducing new features, Maya is aiming to encourage more of its app users to use its digital banking services. Maya Bank is one of only six digital banks in…
UnionDigital Bank to focus on offering loans to underserved market
After securing more than 1.73 million customers just months after receiving its certification to operate from the Bangko Sentral ng Pilipinas (BSP), UnionDigital Bank is now focusing its efforts on…
Tonik acquires employee benefits solutions firm TendoPay
Tonik Financial Pte. Ltd. (Tonik), the parent company of Tonik Digital Bank Inc. in the Philippines, has entered into a landmark agreement with Tendo Payment Solutions Pte. Ltd. (Tendo) to…
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